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316 Lafontaine Avenue, Ottawa, ON 28 photos

$680,000

Active
316 Lafontaine Avenue, Ottawa, ON· Vanier
3+2
Bedrooms
1
Bathrooms
1100-1500
Sq Ft
5 (None)
Parking

About this Property

A rare investment opportunity! The main floor of this bungalow has 3 bedrooms and a 4pcs bathroom, while the two basement units generate steady rental income. This location is always in demand, so vacancies are rare and most tenants remain long-term. Recent improvements include refinished and new hardwood floors (2015), updated main floor windows (2013), a new owned hot water tank plus a new rental unit (2016), and the replacement of all remaining roof shingles scheduled for completion in 2016. This property can be purchased purely as an investment, or you can live on the main level while the two basement tenants cover a significant share of your expenses.

Listed by COLDWELL BANKER SARAZEN REALTY · MLS# X12899450

About Vanier

Urban Revitalizing · Avg $500K

Vanier is a compact urban neighbourhood located just east of the Rideau River from downtown Ottawa, undergoing a significant revitalization that has caught the attention of savvy buyers, investors, and first-time homeowners looking for affordable central living with strong appreciation potential. Once a separate francophone municipality before amalgamation, Vanier retains a distinctive French-Canadian cultural identity while embracing the multicultural diversity that has become one of its defining characteristics.

Avg Home Price$500K
Walk Score80
To ByWard Market10 min
Drive to Downtown8 min
View Full Vanier Guide

Features & Details

Property details of 316 Lafontaine Avenue, Ottawa, ON

Property TypeTriplex
StyleBungalow
Size1100-1500 sq ft
BasementFinished with Walk-Out
Total Parking5

Mortgage Calculator

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Mortgage Payment$3,341/monthly
Principal54%
Interest46%
Principal Amount$544,000
Interest$458,191
Total Payable$1,002,191
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$3,341
Mortgage + Expenses$3,341
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$
$
$
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Monthly Cash Flow-$3,341

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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