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)

ROSS LECKY

SALES REPRESENTATIVE

Office: 613-592-6400

rosslecky@royallepage.ca

Courtesy of ENGEL & VOLKERS OTTAWA CENTRAL

Listed on: December 04, 2023

On market: 146 days
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
857 THORNDALE DRIVE Ottawa
857 THORNDALE DRIVE
 $779,900 4 2 56 ft X 105.31 ft Ottawa Riverside Park South ENGEL & VOLKERS OTTAWA CENTRAL
1135 BECKETT CRESCENT Ottawa
1135 BECKETT CRESCENT
 $724,900 3 3 26.61 ft X 96.05 ft Ottawa Stittsville South RIGHT AT HOME REALTY
84 RENOVA PRIVATE Ottawa
84 RENOVA PRIVATE
 $450,000 3 2 Ottawa Riverview Park RE/MAX HALLMARK REALTY GROUP
236 BOOTH STREET Ottawa
236 BOOTH STREET
 $699,000 4 2 21.45 ft X 109 ft Ottawa West Centretown - Lebreton RE/MAX HALLMARK REALTY GROUP
1284 TRENTON AVENUE Ottawa
1284 TRENTON AVENUE
 $539,900 3 1 59.8 ft X 0 ft (Irregular Lot) Ottawa Carlington ENGEL & VOLKERS OTTAWA CENTRAL
13 EVANSHEN CRESCENT Ottawa
13 EVANSHEN CRESCENT
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ROSS LECKY

SALES REPRESENTATIVE

Direct: 613-447-7676

rosslecky@royallepage.ca

Royal LePage Team Realty

484 Hazeldean Road

Kanata ON K2L 1V4

Office: 613-592-6400

Toll Free: 1-800-307-1545

2019

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