369 LAFONTAINE AVENUE, Ottawa, Ontario
$1,799,900
- 6,361 Square Feet
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 countertops, 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. With increased rents and a current NOI of $91,130, the property now operates at an attractive 5% cap rate, making this a strong turnkey multi-residential investment opportunity. Contact today for more information or to book your private showing. (id:25961)
- Listing ID: X13107874
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 369 LAFONTAINE AVENUE in Ottawa Ontario. It was last modified on May 9th, 2026. Contact Caroline Johnson to schedule a viewing or to discover other Ottawa homes for sale.