+34 more
6,361 sqft
Building Area
About This Property
This investment in Vanier And Kingsview Park offers 6,361 sqft of building area. The property has zoned R4O. The home features yes.
MLS Remarks
369 Lafontaine Avenue is a purpose-built sixplex ideally located just minutes to downtown Ottawa, shopping, transit, restaurants, and everyday amenities. The property features six spacious two-bedroom units with modern kitchens, quartz countertops, stainless steel appliances, updated bathrooms, in-suite laundry, and energy-efficient heat pumps with A/C. Gas and water are included, while tenants pay their own hydro. The convenience of in-suite laundry and efficient heating and cooling systems continues to attract strong tenant demand over competing rental properties. Extensive professionally completed renovations and capital improvements were completed in 2021, including updated suites, common areas, windows, doors, attic insulation, partial foundation waterproofing, parking lot resurfacing, and security improvements. The property is equipped with security cameras above each unit entrance and throughout the rear parking area. A strong management team is already in place, keeping the building running efficiently while consistently achieving market rents. With increased rents and a current NOI of $91,130, the property now operates at an attractive 5% cap rate, making this a strong turnkey multi-residential investment opportunity. Contact today for more information or to book your private showing.
Generated Content
draftLocated at 369 Lafontaine Avenue in Vanier And Kingsview Park, Ottawa, this purpose-built sixplex offers a prime investment opportunity with its strategic proximity to downtown Ottawa and key amenities such as shopping centres, public transit, restaurants, and everyday conveniences. Each of the six spacious two-bedroom units features modern kitchens equipped with quartz countertops and stainless steel appliances, updated bathrooms, in-suite laundry facilities, and energy-efficient heat pumps providing both heating and air conditioning. Gas and water are included for tenants who only need to pay their own hydro bills. The property underwent extensive renovations in 2021, including updates to the suites and common areas, new windows and doors, attic insulation improvements, partial foundation waterproofing, parking lot resurfacing, and enhanced security measures with cameras above each unit entrance and throughout the rear parking area. Managed by a professional team ensuring efficient operations and consistent market rents, this investment property currently produces a NOI of $91,130 at an attractive 5% cap rate, presenting a compelling turnkey opportunity for savvy investors seeking reliable returns in Ottawa's real estate market.
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