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 counter tops, 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. Recent leasing activity and reduced waste management costs have increased the NOI from $91,130 to approximately $93,481, with further upside if self-managed. This fully renovated sixplex now offers improved income, strong tenant demand, and an attractive turnkey investment opportunity. Contact today for more information or to book your private showing.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
6361 sq. ft. Square Feet
Total Area:
6,361.46 sq. ft.591 m2
Lot Depth:
145'8"44.4 m
Lot Frontage:
41'11"12.8 m
Water supply:
Municipal
Zoning:
R4O
Heating type:
Baseboard
Garage:
Outside/Surface
Parking Spaces:
6
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$9,096.03 /
2025
Assessment:
$- /
-
Ottawa
Vanier and Kingsview Park
3404 - Vanier
6 Fridges, 6 Stoves, 6 Dishwashers, 6 Microwave Hood fans, 6 stackable washer/dryers, 6 Mitsubishi Electric ductless heat pump systems, 1 Hot water on Demand Tank, 1 Hot Water Boiler, Leviton Load Station, 1 Dehumidifier in mechanical room.
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