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$ 1,699,900
Est. payment /mo
Price Dropped by $100K
369 Lafontaine AVE Vanier And Kingsview Park, ON K1L 6X9
6,361 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
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