340 LACASSE AVENUE|Ottawa, Ontario K1L7A9

MLS Number: X12313262

Property Details: • Type: Multi-family • Ownership Type: N/A • Bedrooms: 4 + 2 • Bathrooms: 6 • Building Type: Other • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: Garage • Parking Spaces: N/A

Description: LOOK AT THESE NUMBERS! Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cash flow (present return 6% cap with GOI $114,192.00 and NOI $91,092.00). 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 (30K 2024), 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! Min 24 hours notice for all showings please. (40979178)

Agent Information: • Agents: Jacen Matthews; Stephen John • Contact: 613-296-8582; 613-715-4020 • Brokerage: ENGEL & VOLKERS OTTAWA; ENGEL & VOLKERS OTTAWA • Website: http://ottawacentral.evrealestate.com/; http://ottawacentral.evrealestate.com/

Time on Realtor: 1 day ago