Neighbourhoods: Vanier

340 LACASSE AVE – Multi Unit
Vanier  |  $1,499,900


Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cashflow (present return 5.9% cap). It has been extensively renovated and offers tenants a high level of security. 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, secure doors, windows, garage renos +. Quality 6 unit building w 5 x 100% updated 1 bedrm suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure also generates rental income (potential to easily transform garage to tenant storage lockers). One of the six one bedroom units has yet to be refreshed @ 25K would increase return of +$10,680/yr + higher cashflow of approx $99,152.00/yr with projected CAP rate 6.32% (buyer to verify). Easy to own & manage bldg!

From Vanier Pkwy, east on McArthur, north on Lacasse close to food shopping, transit and main arteries

 


Gallery


Property Details

  • Style:Multiplex
  • Year Built:1954
  • Lot Size:52.3 ' x 86 '
  • Bedrooms:5
  • Bathrooms:6
  • Garage:Single Detached
  • Taxes:5667/2023