bungalow-style house with a metal roof Features: central ac, lawn, fence, porch More Photos

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    For Sale - 378 Enfield Avenue, Vanier and Kingsview Park, Ontario

    Est payment $3,361/mo
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    Views   1
    Time on Jump  170 day

    AI Summary *

    • Investment property with a solid CAP rate of 7.50%.
    • Currently generating around $5,500 in monthly income.
    • Legally approved as a rooming house with 7 bedrooms.
    • Fully renovated in 2023 with modern systems and finishes.
    • Conveniently located near supermarkets, universities, and public transit.




    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 is legally approved as a rooming house with up to 7 bedrooms and also 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 $5,500, detailed cashflow and expense form ready for reference for serious buyer. This property is fully managed by a powerful professional property manager that has been handling all day-to-day operations smoothly - zero hassles for the owner. The main floor features 4 bedrooms, 2 bathrooms, a spacious kitchen, laundry room, and a bright living area. The basement includes 3 additional bedrooms, and a full kitchen, ideal for flexible rental arrangements. Completely renovated in 2023, 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!
    Listing IDX12476100
    Address378 Enfield Avenue
    CityVanier and Kingsview Park, Ontario
    Price$700,000
    Bed / Bath7 / 4 Full
    StyleBungalow, Detached
    ConstructionAluminum Siding, Brick
    Land Size4395
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Auto Garage Door RemoteOwnership FreeholdBasement Finished, FullFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 5.00
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    Listing Agency:  HOME RUN REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    378 Enfield Avenue
    Vanier and Kingsview Park , Ontario
    7 4 $700,000
    Get more info