Address
315 Lajoie Street, Ottawa, ON
Price
$ 900,000
Property Attributes
  • ID#X13721802
  • TypeMulti-Family
  • Listing Status Active
  • MunicipalityOttawa
  • CityOttawa
  • Neighbourhood3404 - Vanier
  • Postal CodeK1L 7H3
  • Style3
  • Price$ 900,000
  • Bedrooms6
  • Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2000
Data Source:
RLP - CREA EN
Property Description

Welcome to 315 Lajoie Street where pride of ownership is apparent the moment you set eyes on this building. Long time owner has decided to move on and sell this incredible building. Lovingly maintained and pampered this triplex in Vanier is now priced to sell. Many many recent improvements including: complete upgrade of the plumbing system in 2023, building completely reclad with stucco in 2021, upgraded electrical in 2021, new roof in 2021, apartment 2 completely renovated in 2017, laneway and parking lot paved in 2016 plus new fencing installed, apartment 1 completely renovated in 2015 with new wiring, apartment 3 completely renovated in 2014, building waterproofed in 2013 at the front and along the driveway, windows and front and back door replaced in 2012, high efficiency boiler and hot water tank installed in 2011 and fire rated doors and closures installed in 2007. Nothing to do for the next number of years except collect rents and maintain the property. Excellent tenant mix and potential. All apartments are two bedroom and on month to month leases. Apt. 1 which is the lower level apartment is rented for $1,975 plus hydro; Apt. 2 which is the main floor is rented for $1,266 plus hydro and Apt. 3 the upper floor is rented for $1,567.08 plus hydro. Currently parking and laundry are provided by the Landlord as part of the rent. 2025 expenses are: Taxes $67,138.69, Insurance $3,663.36, Gas $1,897.24, Enercare $1,200.00, Water and Sewer $2.068.00 and common hydro of $1,206.04 which leaves a net income of about $40,653.31. Much upside available on turnover by increasing rents and charging for parking and laundry. Ideal owner occupier as each apartment is bright, spacious and well laid out. Excellent location with an easy commute to downtown, Ottawa University and everything Ottawa has to offer. Why not make 315 Lajoie Street your next real estate investment. Showings Tues and Fri from 10-noon and 2-4 and Sat from 1-5 only with 24 hours notice.

General Features

Terms SALE
Neighbourhood 3404 - Vanier
Property Sub Type MULTI-FAMILY
jumpId 29073532
Property Subtype French MULTI-FAMILY
Listing Type French Investment
MLS X13721802
Appliances Dryer, Stove, Washer, Refrigerator
Building Type Triplex
Features Flat site
Property Type Multi-family
Sewer Sanitary sewer

Interior Features

Living Area Range 2000 sqft
Bedrooms 6
Basement Finished
Basement Type N/A
Cooling Type None
Foundation Type Concrete
Heating Fuel Natural gas
Heating Type Forced air
Beds 6
Total Baths 3
Total Baths 3

Exterior Features

Exterior Finish Stucco
Parking Type No Garage

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in K1L 7H3

Price
AVG $900K
$900K