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Gary Underwood

garywunderwood@gmail.com +1(613) 862-3420

$ 1,699,900

Est. payment | -/mo

6,361 SqFt

Save Virtual Tour

$ 1,699,900

Est. payment | -/mo

Save Virtual Tour

6,361 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 6,361 sqft

Price per Sqft $267

Subdivision 3404 - Vanier

MLS Listing ID X13107874

Annual Tax Amount $9,096

Tax Year 2025

Property Sub-Type Investment

Property 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.

Location

Province ON

County Ottawa

Area Ottawa

Zoning R4O

Interior

Cooling Yes

Inclusions 6 Fridges, 6 Stoves, 6 Dishwashers, 6 Microwave Hood fans, 6 stackable washer/dryers, 6 Mitsubishi Electric ductless heat pump systems, 1 Hot water on Demand Tank, 1 Hot Water Boiler, Leviton Load Station, 1 Dehumidifier in mechanical room.

Exterior

Parking Features Outside/Surface

Utilities Available Yes

Building

Lot Description Building

Others

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Lited by EXP REALTY

Schools and Properties Nearby

369 Lafontaine AVE Vanier And Kingsview Park, ON K1L 6X9