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AboutDevelopment ServicesPrivate OfficeFranchising
CAD $1,550,000
340 Lacasse Avenue, Vanier and Kingsview Park, ON, K1L 7A9, CA
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Listing Courtesy of  ENGEL & VOLKERS OTTAWA
6 Bd
6 Ba
AM-5071050
MLS#: X12036179
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!
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!
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Listing Highlights

  • Subtype

    Multi Family

  • Architectural Style

    2-Storey

  • Stories

    2

  • Tax Annual Amount

    $5,579.3

  • Heating

    Natural Gas, Radiant

  • Cooling

    Wall Unit(s)

  • County

    Ottawa

Property Details

  • Interior Features

      Bedrooms

    • Bedrooms: 6

      • Bathrooms

    • Total Bathrooms: 6

      • Other Rooms

    • Basement: [object Object]
    • Basement Description: Apartment, Partially Finished

      • Heating & Cooling

    • Heating: Natural Gas, Radiant
    • Cooling: Wall Unit(s)
  • Exterior Features
    Pool Features
    None
  • Construction
    Property Type
    Residential Income
    Construction Materials
    Brick
    Property Subtype
    Multi Family
    Architectural Style
    2-Storey
    Roof
    Membrane
  • Parking
    Parking Total
    3
    Garage
    Yes

Location

  • ON
  • Vanier and Kingsview Park
  • K1L 7A9
  • Ottawa
  • 340 Lacasse Avenue

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CAD $9,045.38

This payment calculator provided by Engel & Völkers and is intended for educational and planning purposes only. * Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Toronto Regional Real Estate Board

Updated: April 2, 2025 4:00 PM