4 Beds 6 Bath

340 Lacasse Avenue, VanierandKingsviewPark, ON K1L 7A9

Vanier and Kingsview Park K1L 7A9 Ontario

MLS: X12036179

$1,550,000

Added 34 days ago | For Sale

Listed by: ENGEL & VOLKERS OTTAWA

About Property

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!

Features

  • House Style:Multiplex
  • Bathrooms:6
  • Land Size: 52.3 X 86
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:From McArthur, North on Lacasse just a two minute walk to shopping, food and services and transit
  • Basement:Apartment,Partially Finished , Apartment,Partially Finished
  • Possession Date:TBD
  • Annual Property taxes: $5579.3
  • Bedrooms:4 +2
  • Total Parking Spaces:3
  • Parking Places:3
  • Heating Type:Radiant
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:X12036179

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 info@housekarma.ca
Get in Touch

By proceeding, you consent to receive calls and texts at the number you provided.

Powered by AgentEdge Inc

Terms & Conditions Privacy Policy

© Copyright All Rights Reserved.