369 LAFONTAINE AVENUE
Ottawa, Ontario
MLS® X13107874
$1,699,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13107874
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 35Listing description
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 counter tops, 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 $93,481, 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.
Property summary
- MLS® number
- X13107874
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 6,361 sq ft
- Land size
- Bldg=41.95 x 145.66 FT
- Annual property taxes
- $9,096.03
- Parking
- 6 spaces
- Days on market
- 109 days
Features & details
- Heating
- Baseboard heaters, Other
- Cooling
- Fully air conditioned
- Appliances
- Washer, Dishwasher, Dryer, Microwave, Hood Fan, Hot Water Instant
What would this home cost you?
Based on the $1,699,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXP REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.