$1,875,000
Available - For Sale
Listing ID: X11916942
369 Lafontaine Ave , Vanier and Kingsview Park, K1L 6X9, Ontario
| Turnkey Sixplex Investment in Ottawa's Thriving Vanier Neighborhood Discover 369 Lafontaine Avenue, a meticulously transformed purpose-built sixplex that redefines premium rental living in Ottawa's vibrant and rapidly revitalizing Vanier community. This rare gem features six fully renovated two-bedroom units, each boasting sleek modern kitchens with quartz countertops, brand-new cabinetry, stainless steel appliances, and in-suite laundry. Bathrooms shine with contemporary finishes, tiled showers, and energy-efficient lighting. Designed for long-term efficiency and tenant satisfaction, the property includes new windows, sliding glass doors, upgraded attic insulation, and heat pump systems with air conditioning in every unit. The exterior has been elevated with a freshly painted neutral gray facade, professionally sealed foundation with new weeping tiles, and a refreshed parking lot complete with new signage. Common areas have been thoughtfully updated with fresh carpets, modern lighting, secure mailboxes, and newly painted balconies, all complemented by advanced security with Ring cameras and integrated lighting. Perfectly situated just minutes from downtown Ottawa, this location offers tenants unbeatable access to transit, shopping, dining, and entertainment. With a Net Operating Income (NOI) of $86,040, increased rental income, and significant capital upgrades, this property is a standout investment opportunity in a neighborhood poised for exponential growth. Don't wait-own a cornerstone of Vanier's bright future today. Contact me now to schedule your private viewing! |
| Price | $1,875,000 |
| Taxes: | $9096.03 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 369 Lafontaine Ave , Vanier and Kingsview Park, K1L 6X9, Ontario |
| Postal Code: | K1L 6X9 |
| Province/State: | Ontario |
| Legal Description: | PT LTS 1 & 2, PL 510 , AS IN N734149 ; V |
| Lot Size: | 41.95 x 145.66 (Feet) |
| Directions/Cross Streets: | McArthur & Lafontaine |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 6361.46 |
| Total Area Code: | Sq Ft |
| Taxes Expense: | $9096 |
| Insurance Expense: | $4114 |
| Management Expense: | 10105 |
| Heat Expenses: | $1653 |
| Hydro Expense: | $0 |
| Water Expense: | $3075 |
| Other Expenses: | $9668 |
| Gross Income/Sales: | $127755 |
| Operating Expenses: | $41716 |
| Net Income Before Debt: | $86040 |
| Expenses Actual/Estimated: | $Act |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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| EXP REALTY |
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Mehdi Moghareh Abed
Sales Representative
Dir:
647-937-8237
Bus:
905-731-2000
Fax:
905-886-7556
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Vanier and Kingsview Park |
| Neighbourhood: | 3404 - Vanier |
| Lot Size: | 41.95 x 145.66(Feet) |
| Tax: | $9,096.03 |
| Maintenance Fee: | $4,005.85 |
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