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. (id:49993)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X13107874 |
| Property Type | Multi-family |
| Community Name | 3404 - Vanier |
| Parking Space Total | 6 |
| Appliances | Dishwasher, Dryer, Hood Fan, Hot Water Instant, Microwave, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Baseboard Heaters, Other |
| Size Exterior | 6361.46 Sqft |
| Size Interior | 6,361 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 145 Ft ,7 In |
| Size Frontage | 41 Ft ,11 In |
| Size Irregular | Bldg=41.95 X 145.66 Ft |
| Size Total Text | Bldg=41.95 X 145.66 Ft |
| Zoning Description | R4o |
https://www.realtor.ca/real-estate/29728831/369-lafontaine-avenue-ottawa-3404-vanier
(866) 530-7737
(647) 849-3180
www.exprealty.ca/
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