$795,000
352 LACASSE AVENUE
Beds
5
Baths
3 full + 1 half
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Perfect for a growing family, multi-generational living, or a prime investment opportunity with strong income potential! Choose your own tenants!! Welcome to this versatile duplex, formerly a triplex, situated on a generous 47 x 113 ft lot and zoned R4 - offering excellent redevelopment and value-add potential. The current configuration includes a spacious 3-bedroom unit and a well-sized 2-bedroom unit, both featuring no carpet throughout for low-maintenance ownership and long-term durability.The lower level, previously used as a third unit, provides additional income potential and flexibility for future optimization. An attached garage adds tenant appeal and rental value. With all units currently vacant, investors and owner-occupiers benefit from the rare opportunity to move in immediately, set market rents, and strategically select tenants.Ideally located just minutes from downtown Ottawa, this property offers strong rental demand driven by proximity to transit, parks, schools, and major amenities. Recent updates including PVC windows and a newer roof reduce near-term capital expenses. With three separate hydro meters already in place, operating costs can be efficiently managed and passed on to tenants.Whether you're building your rental portfolio, accommodating extended family living, or targeting long-term appreciation and redevelopment upside, this property delivers flexibility, location, and income growth potential in one complete package. (id:65958)
- Subtype
- Multi-family
- Structure
- Duplex
- Community
- 3404 - Vanier
- Lot dimensions
- 47 x 113 FT
- Bedrooms
- 4 above grade, 1 below grade
- Parking
- 4 total
- Stories
- 2
- On market
- Feb 2, 2026
- Status changed
- Apr 25, 2026
- Annual tax
- $5,620
- Photos
- 29
- MLS#
- X12748326
- Area
- OTTAWA
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Foundation
Cash on cash
-6.67%
Cap rate
3.53%
GRM
16.7
Break-even rent
$4,906
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 25, 2026.