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MLS® X12313262

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size -
Garage No
Taxes $6,197
Lot Size 
Approx. Age 
MLS® Number X12313262

Property Address: 340 Lacasse Ave, Vanier, ON, K1L7A9

Average square foot calculated using Size range provided by listing agent.

Description

LOOK AT THESE NUMBERS: NET INCOME $92, 583.00!!! Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cash flow (present return 6.193% cap with GOI $115, 392.00 and NOI $92, 583.00/increases to $95, 919.00 as of Oct 1st when Unit #1 turns over). 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 $950 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 +$13, 272.00 per year with a higher Net Income of approx $109, 191.00/yr. This has a projected CAP rate 7.3% (buyer to verify). Easy to own & manage bldg! Min 24 hours notice for all showings please.Show Description
MLS® NumberX12313262
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementApartment, Partially Finished
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

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  • Commute

Commute

Starting Address
Destination Address
340 Lacasse Ave, Vanier, ON

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