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$1,799,900
Available - For Sale
Listing ID: X13107874
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. Recent leasing activity and reduced waste management costs have increased the NOI from $91,130 to approximately $93,813, with further upside if self-managed. This fully renovated sixplex now offers improved income, strong tenant demand, and an attractive turnkey investment opportunity. Contact today for more information or to book your private showing.
Price $1,799,900
Taxes: $9,096.03
Tax Type: Annual
Occupancy by: Tenant
Address: 369 Lafontaine Avenue , Vanier and Kingsview Park, K1L 6X9, Ottawa
Postal Code: K1L 6X9
Province/State: Ottawa
Legal Description: PT LTS 1 & 2, PL 510 , AS IN N734149 ; V
Directions/Cross Streets: McArthur & Lafontaine
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 6,361.46
Total Area Code:  Square Feet
Maintenance: 0
Net Income Before Debt: $91130
Expenses Actual/Estimated: $Act
Heat Type: Baseboard
Central Air Conditioning: Yes
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EXP REALTY

369 Lafontaine Avenue , Vanier and Kingsview Park, K1L 6X9, Ottawa

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Investment
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3404 - Vanier
Style:
Lot Size: x 145.66(Feet)
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Tax: $9,096.03
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908