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In-PersonVirtual Tour
$ 1,875,000
Est. payment | /mo
6,361 SqFt
$ 1,875,000
Est. payment | /mo
6,361 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,361 sqft
Price per Sqft $294
MLS Listing ID X11916942
Annual Tax Amount $9,096
Tax Year 2024
Property Description
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!
Location
State ON
County Ottawa
Community 3404 - Vanier
Area Ottawa
Zoning R4O
Region 3404 - Vanier
City Region 3404 - Vanier
Interior
Cooling Yes
Inclusions 6 Fridges, 6 Stoves, 6 Dishwashers, 6 Microwave Hood fans, 6 stackable washer/dryers, 6Mitsubishi Electric ductless heat pump systems, 1 Hot water on Demand Tank, 1 Hot Water Boiler, Leviton Load Station, 1 Dehumidifier in mechanical room.
Exterior
Utilities Available Yes
Lot Frontage 41.95
Lot Depth 145.66
Listed by EXP REALTY