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369 Lafontaine Ave 6 Unit Apartment Building $1,289,401 USD ($214,900 USD/Unit) 4.91% Cap Rate Ottawa, ON K1L 6X8
EXECUTIVE SUMMARY
369 Lafontaine Avenue offers a fully renovated purpose-built sixplex in one of Ottawas fastest-growing neighbourhoods. Each of the six two-bedroom units features modern kitchens with quartz counters, stainless steel appliances, and in-suite laundry. Bathrooms are stylish and updated, and every unit includes a heat pump with A/C for year-round comfort. Major upgrades include new windows and doors, fresh attic insulation, a sealed foundation with new weeping tile on the north side of the building, and a repaved parking lot. The buildings exterior has been repainted in a clean neutral tone, with common areas improved throughout with new carpets, lighting, paint, secure mailboxes, and enhanced security with Ring cameras. With an NOI of $88,340 and rising rental income, this is a true turnkey opportunity in a neighborhood on the rise just minutes to downtown, transit, shops, and restaurants. Lets book your showing today, properties like this don't last long.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$92,261
|
$29.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$92,261
|
$29.38
|
| Taxes |
$7,092
|
$2.26
|
| Operating Expenses |
$21,884
|
$6.97
|
| Total Expenses |
$28,977
|
$9.23
|
| Net Operating Income |
$63,284
|
$20.15
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $92,261 |
| Annual Per SF | $29.38 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $92,261 |
| Annual Per SF | $29.38 |
| Taxes (USD) | |
|---|---|
| Annual | $7,092 |
| Annual Per SF | $2.26 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $21,884 |
| Annual Per SF | $6.97 |
| Total Expenses (USD) | |
|---|---|
| Annual | $28,977 |
| Annual Per SF | $9.23 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $63,284 |
| Annual Per SF | $20.15 |
PROPERTY FACTS
| Price | $1,289,401 USD | Building Class | C |
| Price Per Unit | $214,900 USD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,140 SF |
| Cap Rate | 4.91% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1946 |
| Property Subtype | Apartment | Parking Ratio | 1.91/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4UD - Residential Fourth Density | ||
| Price | $1,289,401 USD |
| Price Per Unit | $214,900 USD |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,140 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1946 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | R4UD - Residential Fourth Density |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Fireplace
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 700 |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (81)
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369 Lafontaine Ave
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