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303 LACASSE AVENUE

Vanier, Ottawa, K1L7A5

Listed by HONESTDOOR INC.

$549,900

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  • 4+2 bedrooms
  • 3 bathrooms
  • 2 parking

Listed 7 days ago · MLS® X14034068

About this home

Click brochure link for more details. DEVELOPMENT & VALUE-ADD OPPORTUNITY on a VACANT 40' x 100' LOT in VANIER SOUTH. Priced for an immediate, hassle-free sale. This purpose-built triplex structure is owner-occupied and will be delivered with guaranteed 100% vacant possession on closing within 2-4 weeks. No tenant relocation or LTB delays allowing you to completely bypass Landlord and Tenant Board delays, tenant relocation costs, or legacy rent controls. PROPERTY HIGHLIGHTS: Features a large triple detached storage shed with a durable metal roof and a fully enclosed yard anchored by a premium 7-foot pressure treated privacy fence. Situated on a highly desirable, quiet stretch of Lacasse Ave populated by long-term owners and tenants and a short 2 minute walk to major bus routes on Montreal Rd. Each of the 3 -- 2 bedroom units has separate electric meters, private laundry hookup & private entrances. The hot water tanks are owned. There are no lease agreements for utilities. DEVELOPMENT POTENTIAL: Capitalize immediately on Ottawa's New Zoning By-law 2026-50 framework. Located in a high-density N-zone transition pocket featuring zero municipal parking minimums, allowing you to maximize the rear footprint for an optimal low-rise 4 to 8-unit multiplex conversion or full clean-slate build. If you'd prefer to renovate the existing triplex, gross rental potential for three 2-bedroom units ranges from $1,800-$2,000/month per unit ($64,800-$72,000 annually) post-renovations. New zoning rules for this district are focused on high density housing & have eliminated the requirement for surface parking. FAST CLOSING TERMS within 30 days/flexible of acceptance. (id:66966)

Details

Type
Triplex
Basement
Finished, Full
Garage
Garage
Property tax
$4,368 (2025)
Neighbourhood
Vanier
Municipality
Ottawa

Interior

Bedrooms
4 above ground + 2 below
Fireplace
Woodstove
Appliances
Water Heater

Heating, cooling and services

Heating
Baseboard heaters, Electric, Wood
Air conditioning
Window air conditioner
Water and sewer
Sanitary sewer

Building and exterior

Foundation
Block
Outdoor
Vinyl siding

Parking

Total parking
2
Driveway and parking
No Garage

Location

Location is approximate. See nearby homes on the map

Listed by HONESTDOOR INC..

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