Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cashflow (present return 5.94% cap). It has been extensively renovated and offers tenants a high level of security. Over 500K invested: new 2 storey front + rear covered balcony structures, bldg security, lighting, cameras, intercom, washrooms, kitchens, laundry, added to 5 units, new electrical panels, wiring, unit lighting, appliances, flooring, paint, mailboxes, insulation, roof, secure doors, windows, garage renos +. Quality 6 unit building w 5 x 100% updated 1 bedrm suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure also generates rental income (potential to easily transform garage to tenant storage lockers). One of the six one bedroom units has yet to be refreshed @ 25K would increase return of +$10,680/yr + higher Net Income approx $99,801.00/yr with projected CAP rate 6.65% (buyer to verify). Easy to own & manage bldg! (id:48414)
| MLS® Number | 1370870 |
| Property Type | Multi-family |
| Neigbourhood | Vanier |
| Parking Space Total | 3 |
| Constructed Date | 1955 |
| Cooling Type | Heat Pump |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 86 Ft |
| Size Frontage | 52 Ft ,4 In |
| Size Irregular | 52.3 Ft X 86 Ft |
| Size Total Text | 52.3 Ft X 86 Ft |
| Zoning Description | R4ud |
https://www.realtor.ca/real-estate/26334411/340-lacasse-avenue-ottawa-vanier
Or fill out the form below and one of our agents will get back to you asap.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Houses for Sale in Almonte
Houses for Sale in Arnprior
Houses for Sale in Calabogie
Houses for Sale in Carleton Place
Houses for Sale in Carp
Houses for Sale in Dunrobin
Houses for Sale in Findlay Creek
Houses for Sale in Glebe
Houses for Sale in Kemptville
Houses for Sale in Lanark
Houses for Sale in Merrickville
Homes for Sale in Mississippi Mills
Houses for Sale in Munster
Homes For Sale in Ottawa
Houses for Sale in Perth
Homes for Sale in Richmond
Ottawa Property Shop Realty offers a very unique experience to buyers and sellers. Our boutique-style brokerage has teamed up with Ottawa’s most talented realtors to offer our clients the best experience possible.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. The listing content on this website is protected by copyright and other laws and is intended solely for private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website. This Website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association. MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.
The listing content on this website is protected by copyright and other laws and is intended solely for private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole, or in part, is specifically forbidden.
© 2024 – All Rights Reserved.
Masoud Badre, Broker
Ottawa Property Shop, Realty Inc. Brokerage
Locally Owned and Operated
