369 Lafontaine Avenue, Vanier and Kingsview Park | Image 1

369 Lafontaine Avenue

Vanier and Kingsview Park, 3404 - Vanier

  • Commercial

$1,875,000
For Sale

Added 5 days ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: R4O

  • Age: No Data

  • Taxes: 9096.03

  • MLS®#: X11916942

  • Added: Jan 10, 2025 (5 days ago)

  • Updated:

  • Last Checked: 8 hours ago

  • Listed By: EXP REALTY

Turnkey Sixplex Investment in Ottawa's Thriving Vanier Neighborhood Discover 369 Lafontaine Avenue, a meticulously transformed purpose-built sixplex that redefines premium rental living in Ottawa's vibrant and rapidly revitalizing Vanier community. This rare gem features six fully renovated two-bedroom units, each boasting sleek modern kitchens with quartz countertops, brand-new cabinetry, stainless steel appliances, and in-suite laundry. Bathrooms shine with contemporary finishes, tiled showers, and energy-efficient lighting. Designed for long-term efficiency and tenant satisfaction, the property includes new windows, sliding glass doors, upgraded attic insulation, and heat pump systems with air conditioning in every unit. The exterior has been elevated with a freshly painted neutral gray facade, professionally sealed foundation with new weeping tiles, and a refreshed parking lot complete with new signage. Common areas have been thoughtfully updated with fresh carpets, modern lighting, secure mailboxes, and newly painted balconies, all complemented by advanced security with Ring cameras and integrated lighting. Perfectly situated just minutes from downtown Ottawa, this location offers tenants unbeatable access to transit, shopping, dining, and entertainment. With a Net Operating Income (NOI) of $86,040, increased rental income, and significant capital upgrades, this property is a standout investment opportunity in a neighborhood poised for exponential growth. Don't wait-own a cornerstone of Vanier's bright future today. Contact me now to schedule your private viewing!

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 86040

  • Area: Vanier and Kingsview Park

  • Community: 3404 - Vanier

  • Availability Date: TBD

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Baseboard

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LTS 1 & 2, PL 510 , AS IN N734149 ; VANIER/GLOUCESTER

  • Taxes: $9,096

  • Expenses: Act

  • Management Expense: 10105

  • Insurance Fee: 4114

  • Operating Fees: 41716

  • Heat Expenses: 1653

  • Other Expenses: 9668

  • Taxes Type: Annual

  • Taxes: 9096

  • Water Fees: 3075

Land

  • Cross Street: McArthur & Lafontain

  • Municipality District: Vanier and Kingsview Park

  • Parcel Number: 042410042

  • Lot Depth: 145.66 Feet

  • Lot Frontage: 41.95 Feet

  • Zoning: R4O

Additional Media

  • Virtual Tour: https://www.youtube.com/watch?v=LYdUZal-4Tk

Commercial Specific

  • Total Area: 6361.46

  • Total Area Metric: Sq Ft

  • Lot Code: Building

  • Gross Income/Sales: 127755

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Map of 369 Lafontaine Avenue, Vanier and Kingsview Park
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