340 Lacasse Avenue

340 Lacasse Avenue
340 Lacasse Avenue
340 Lacasse Avenue
+37
4+2
 bed
6
 bath
3
 parking
2000 - 2500
 sqft
Multiplex
$1,550,000
For Sale
27 days
 on site
$1,550,000
Click to open the pre-gallery to get the direction
Size
-
Lot size
4497 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$620 - $775
Taxes
$5,579.3 (2024)
Parking Type
-
Style
2-Storey
See what's nearby
Description
LOOK AT THESE NUMBERS! Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cash flow (present return 5.86% cap with GOI $113,892.00 and NOI $90,783.00). It has been extensively renovated, boasting a high level of security and very stable tenants. 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 suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure that generates $850 in rental income (potential to easily transform garage to tenant storage lockers). One of the six one bedroom units has yet to be refreshed at a cost of approx 25K which would increase return of +$12,948.00 per year with a higher Net Income of approx $103,731/yr. This has a projected CAP rate 6.7% (buyer to verify). Easy to own & manage bldg!
Broker: ENGEL & VOLKERS OTTAWA
MLS®#: X12036179
Property details
Parking:
3
Parking type:
-
Property type:
Multiplex
Heating type:
Radiant
Style:
2-Storey
MLS Size:
2000-2500 sqft
Lot front:
52 Ft
Lot depth:
86 Ft
Listed on:
Mar 22, 2025
Show all details
Instant estimate:
orto view instant estimate
$75,144
lower than listed price
i
High
$1,548,599
Mid
$1,474,856
Low
$1,401,113
138 King George Street
1/12
$1,320,000
25 days
138 King George Street
6BD
6BA
2 Parking
2,000-2,500 sqft
MLS#: X12043919
KELLER WILLIAMS INTEGRITY REALTY
25 days
457 Oakhill Road
1/36
$1,395,000
23 days
457 Oakhill Road
4BD
3BA
4 Parking
2,000-2,500 sqft
MLS#: X12041842
COLDWELL BANKER RHODES & COMPANY
23 days
21 Braemar Street
1/34
$1,449,000
18 days
21 Braemar Street
4+1BD
4BA
5 Parking
2,000-2,500 sqft
MLS#: X12050933
COLDWELL BANKER RHODES & COMPANY
18 days
72 MACLAREN Street
1/50
$1,700,000
1 day
72 MACLAREN Street
5BD
4BA
3 Parking
2,000-2,500 sqft
MLS#: X12088244
ROYAL LEPAGE TEAM REALTY
1 day

About 340 Lacasse Avenue

340 Lacasse Avenue is a Vanier multiplex for sale. It was listed at $1550000 in March 2025 and has 4+2 beds and 6 bathrooms.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this multiplex.

For those residents of 340 Lacasse Ave, Ottawa without a car, you can get around rather easily. The closest transit stop is a Bus Stop (MCARTHUR / LACASSE) and is nearby connecting you to Ottawa's public transit service. It also has route nearby.