Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#12833 +post_id: "226726" +post_author: 1 +"ListingKey": "X12036179" +"ListingId": "X12036179" +"PropertyType": "Residential" +"PropertySubType": "Multiplex" +"StandardStatus": "Active" +"ModificationTimestamp": "2025-05-23T02:35:20Z" +"RFModificationTimestamp": "2025-05-23T02:38:24.350246+00:00" +"ListPrice": 1550000.0 +"BathroomsTotalInteger": 6.0 +"BathroomsHalf": 0 +"BedroomsTotal": 6.0 +"LotSizeArea": 4497.0 +"LivingArea": 0 +"BuildingAreaTotal": 0 +"City": "Vanier And Kingsview Park" +"PostalCode": "K1L 7A9" +"UnparsedAddress": "340 Lacasse Avenue, Vanierand Kingsview Park, On K1l 7a9" +"Coordinates": array:2 [ 0 => -75.66667 1 => 45.43333 ] +"Latitude": 45.43333 +"Longitude": -75.66667 +"YearBuilt": 0 +"InternetAddressDisplayYN": true +"FeedTypes": "IDX" +"ListOfficeName": "ENGEL & VOLKERS OTTAWA" +"OriginatingSystemName": "TRREB" +"PublicRemarks": "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 (30K 2024), 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! Min 24 hours notice for all showings please." +"ArchitecturalStyle": "2-Storey" +"Basement": array:2 [ 0 => "Apartment" 1 => "Partially Finished" ] +"CityRegion": "3404 - Vanier" +"ConstructionMaterials": array:1 [ 0 => "Brick" ] +"Cooling": "Wall Unit(s)" +"Country": "CA" +"CountyOrParish": "Ottawa" +"CreationDate": "2025-03-22T23:18:13.435359+00:00" +"CrossStreet": "From Mc Arthur, North on Lacasse just a two minute walk to shopping, food and services and transit" +"DirectionFaces": "West" +"Directions": "Mc Arthur Ave then North onto Lacasse Ave. Destination will be on the left." +"Exclusions": "Tenant possessions" +"ExpirationDate": "2025-07-31" +"FoundationDetails": array:1 [ 0 => "Concrete" ] +"GarageYN": true +"Inclusions": "All appliances" +"InteriorFeatures": "Water Heater Owned" +"RFTransactionType": "For Sale" +"InternetEntireListingDisplayYN": true +"ListAOR": "OREB" +"ListingContractDate": "2025-03-22" +"LotSizeSource": "MPAC" +"MainOfficeKey": "487800" 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Description
Welcome to this comfortable main floor uint featuring two bedrooms with windows in every room allowing natural light. The. inviting layout includes a. convenient kitchen and two porches-perfect for your morning coffee watching the neighbours walk by. This clean, well maintained building offers additional conveniences such as parking for one vehicle and coin operated laundry facilities in the basement. Utilities include heat, central air conditioning, water. Tenant pay for hydro.-providing exceptional value and ease of living. Ideally located near shops, restaurants, parks, and schools, with quick access to major roadways, this is an apartment that combines comfort, convenience, and location. Book your appointment today. Don’t miss out on this one!
Details
MLS® Number
X12163010
X12163010
Bedrooms
2
2
Bathroom
1
1
Features
Additional details
- Roof: Asphalt Shingle
- Sewer: Sewer
- Cooling: Central Air
- County: Niagara
- Property Type: Residential Lease
- Pool: None
- Parking: Available
- Architectural Style: 2-Storey
Address
- Address 131 Lyons Avenue
- City Welland
- State/county ON
- Zip/Postal Code L3B 1M3
- Country CA