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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 900,000

Est. payment | -/mo

6 Beds

3 Baths

1,500 SqFt

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$ 900,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

3 Baths

1,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $600

Subdivision 3404 - Vanier

MLS® Listing ID X13721802

Bedrooms 6

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. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 4 m X 4 m Primary Bedroom

Extra Room 2 Second level 3 m X 3 m Bedroom 2

Extra Room 3 Second level 5 m X 4 m Living room

Extra Room 4 Second level 4 m X 4 m Kitchen

Extra Room 5 Lower level 5 m X 4 m Living room

Extra Room 6 Lower level 4 m X 4 m Kitchen

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 3

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Virtual Tour https://www.londonhousephoto.ca/315-lajoie-street-ottawa-2/

Listed by ROYAL LEPAGE TEAM REALTY

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+1(647) 493-3579

info@tonyledi.com

CAN

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315 LAJOIE STREET Ottawa, ON K1L7H3