$ 1.499.900
ON Ottawa
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340 Lacasse Ave, Ottawa

  • Bedrooms: 6
  • Bathrooms: 6
  • Type: Residential
  • Added: 308 days ago
  • Updated: NaN days ago
  • Last Checked: NaN days ago
  • Type: Residential
  • Listed by: Point2
Public Remarks: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!From Vanier Pkwy, east on McArthur, north on Lacasse close to food shopping, transit and main arteries
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Nearby Listings Stat

Active listings
3
Min Price
$1,499,900
Max Price
$4,950,000
Avg Price
$3,049,967
Days on Market
189 days
Sold listings
0
Min Sold Price
$0
Max Sold Price
$0
Avg Sold Price
$0
Days until Sold
days

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Additional Information about 340 Lacasse Ave

This House at 340 Lacasse Ave Ottawa, ON with MLS Number 1370870 listed by Jacen Matthews - Engel Volkers Ottawa Central on Ottawa market 308 days ago at $1,499,900

We have found 6 Houses that closely match the specifications of the property located at 340 Lacasse Ave with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 949,900 and 1,900,000.

The current price of the property is $1,499,900, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 16% down payment, the total amount borrowed would be $1,259,916. This would result in a monthly mortgage payment of $7,014 over a 25-year amortization period.

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