378 Enfield Avenue, Vanier And Kingsview Park, ON K1L 7L3
- $655,000
- 7
- BD
- 4
- BA
- 700
- SqFt
- List Price
- $655,000
- Price Change
- ▼ $24,000 1785222752
- MLS#
- X13504376
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- Bungalow
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 700-1100
- Province
- ON
- Municipality
- Vanier And Kingsview Park
- Area
- Ottawa
- Neighborhood
- 3404 - Vanier
- Subdivision
- North On Vanier Parkway, Turn Right On Mcarthur Then Right On Enfield
Property Description
Welcome to 378 Enfield - a true cash-cow investment property with absolutely positive cash flow! CAP RATE: 7.50% Located in an R2L zoning area, this property offers exceptional development potential. With further design, it can be redeveloped into a multi-unit apartment building from 6 units. Currently generating a gross monthly income of approximately $5,750, detailed cashflow and expense form ready for reference for serious buyer. This property is fully managed by a professional property manager that has been handling all day-to-day operations smoothly - zero hassles for the owner. Completely renovated in 2023-2024, the home showcases upgraded plumbing, electrical, and HVAC systems, along with new insulation, fresh paint, and brand-new windows and doors throughout. Walking distance to Green & Fresh, Loblaws supermarket, Bus stations, RCMP headquarter, Canadian Cyber security center, around 2km to Ottawa University and one bus to Carleton University and surrounded by lots other amenities. This turnkey investment has been successfully operating for the past two years - a rare opportunity to own a high-performing, low-maintenance property with strong cash flow and future development upside!
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Additional Information
- Taxes
- $3,767
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 2
- Exterior
- Aluminum Siding
- Garage Spaces
- 1
- Garage Type
- Attached
- Pool
- None
- Parking Spaces
- 5
- Parking Type
- Available
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Listing courtesy of HOME RUN REALTY INC..