340 LACASSE AVENUE
Ottawa, Ontario K1L7A9

$1,499,900

ID# 1370870
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:25961)

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Year Built 1955
Cooling Type Heat Pump
Heating Type Hot water radiator heat
Heating Fuel Natural gas
Stories Total 2
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Address Price Bed Bath SqFt Area Sub Area Brokerage
180 YORK STREET UNIT910 Ottawa
180 YORK STREET UNIT910
 $1,875 1 1 * ft X * ft Ottawa Byward Market RE/MAX HALLMARK REALTY GROUP
226 SHANLY PRIVATE Ottawa
226 SHANLY PRIVATE
 $419,500 2 2 Ottawa ROYAL LEPAGE TEAM REALTY
1045 MORRISON DRIVE UNIT74 Ottawa
1045 MORRISON DRIVE UNIT74
 $379,999 3 2 Ottawa Redwood Park FIDACITY REALTY
5 HURON AVENUE N Ottawa
5 HURON AVENUE N
 $899,900 - - 33 ft X 96 ft Ottawa Hintonburg/Tunney's Pasture RE/MAX PEMBROKE REALTY LTD.
810 Walkley Road Ottawa
810 WALKLEY ROAD
 $1,149,900 5 4 Ottawa Riverside Park/Mooney's Bay
126 STRATHCARRON CRESCENT Ottawa
126 STRATHCARRON CRESCENT
 $959,000 4 3 37.57 ft X 104.99 ft Ottawa ROYAL LEPAGE TEAM REALTY
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