BEN WIGHTMAN

SALES REPRESENTATIVE

Direct: 613.889.5011

CYDNEY GREEN

BROKER

Direct: 613.889.9901

340 LACASSE AVENUE
Ottawa, Ontario K1L7A9

$1,499,900

ID# 1370870
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! (id:25961)

CYDNEY GREEN

BROKER

Direct: 613.889.9901

cydney@royallepage.ca

BEN WIGHTMAN

SALES REPRESENTATIVE

Direct: 613.889.5011

benw@royallepage.ca

Courtesy of ENGEL & VOLKERS OTTAWA CENTRAL

Listed on: December 04, 2023

On market: 149 days
Year Built 1955
Cooling Type Heat Pump
Heating Type Hot water radiator heat
Heating Fuel Natural gas
Stories Total 2
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BEN

WIGHTMAN

SALES REPRESENTATIVE

CYDNEY

GREEN

BROKER

Royal LePage Team Realty

3441 McBean Street

Richmond, Ontario,

Canada K0A 2Z0


Office: 613.838.4858


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