ON > Vanier And Kingsview Park > 3404 - Vanier
Vanier And Kingsview Park, ON K1L 7A9,340 Lacasse AVE
Vanier And Kingsview Park, ON K1L 7A9,340 Lacasse AVE
Vanier And Kingsview Park, ON K1L 7A9,340 Lacasse AVE
Vanier And Kingsview Park, ON K1L 7A9,340 Lacasse AVE
Vanier And Kingsview Park, ON K1L 7A9,340 Lacasse AVE
Vanier And Kingsview Park, ON K1L 7A9,340 Lacasse AVE
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 1,550,000
Est. payment | /mo

6 Beds

6 Baths

Save
$ 1,550,000
Est. payment | /mo
Save

6 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision 3404 - Vanier

MLS Listing ID X12036179

Style 2-Storey

Bedrooms 6

Annual Tax Amount $5,579

Tax Year 2024

Property Sub-Type Multiplex

Property Description

LOOK AT THESE NUMBERS! Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cash flow (present return 5.86% cap with GOI $113,892.00 and NOI $90,783.00). It has been extensively renovated, boasting a high level of security and very stable tenants. 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 suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure that generates $850 in rental income (potential to easily transform garage to tenant storage lockers). One of the six one bedroom units has yet to be refreshed at a cost of approx 25K which would increase return of +$12,948.00 per year with a higher Net Income of approx $103,731/yr. This has a projected CAP rate 6.7% (buyer to verify). Easy to own & manage bldg!

Location

Province ON

County Ottawa

Community 3404 - Vanier

Area Ottawa

Rooms

Family Room No

Basement Apartment, Partially Finished

Kitchen 6

Separate Den/Office 2

Interior

Interior Features Water Heater Owned

Cooling Wall Unit(s)

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Membrane

Lot Frontage 52.3

Lot Depth 86.0

Total Parking Spaces 3

Building

Foundation Concrete

Others

ParcelsYN No

Listed by ENGEL & VOLKERS OTTAWA
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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