Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#12690 +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
An amazing income generating Property. Vendor take back available.
Details
MLS® Number
X6622862
X6622862
Bedrooms
5
5
Bathrooms
3
3
Additional details
- Sewer: None
- Cooling: Central Air
- County: Hamilton
- Property Type: Residential
- Pool: Above Ground
- Parking: Available
- Architectural Style: 2 1/2 Storey
Address
- Address 29 Depew Street
- City Hamilton
- State/county ON
- Zip/Postal Code L8L 7H7