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3 - 315 Lajoie Street, Ottawa, ON — photo 1
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$900,000

Active
3 - 315 Lajoie Street, Ottawa, ON· Vanier
6
Bedrooms
3
Bathrooms
1500-2000
Sq Ft
$450–$600
Per Sq Ft
3
None Parking

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About this Property

Welcome to 315 Lajoie Street where pride of ownership is apparent the moment you set eyes on this building

Long time owner has decided to move on and sell this incredible building

Lovingly maintained and pampered this triplex in Vanier is now priced to sell

Many many recent improvements including: complete upgrade of the plumbing system in 2023, building completely reclad with stucco in 2021, upgraded electrical in 2021, new roof in 2021, apartment 2 completely renovated in 2017, laneway and parking lot paved in 2016 plus new fencing installed, apartment 1 completely renovated in 2015 with new wiring, apartment 3 completely renovated in 2014, building waterproofed in 2013 at the front and along the driveway, windows and front and back door replaced in 2012, high efficiency boiler and hot water tank installed in 2011 and fire rated doors and closures installed in 2007. Nothing to do for the next number of years except collect rents and maintain the property

Excellent tenant mix and potential

All apartments are two bedroom and on month to month leases

Apt. 1 which is the lower level apartment is rented for $1,975 plus hydro; Apt. 2 which is the main floor is rented for $1,266 plus hydro and Apt. 3 the upper floor is rented for $1,567.08 plus hydro

Currently parking and laundry are provided by the Landlord as part of the rent

2025 expenses are: Taxes $67,138.69, Insurance $3,663.36, Gas $1,897.24, Enercare $1,200.00, Water and Sewer $2.068.00 and common hydro of $1,206.04 which leaves a net income of about $40,653.31

Much upside available on turnover by increasing rents and charging for parking and laundry

Ideal owner occupier as each apartment is bright, spacious and well laid out

Excellent location with an easy commute to downtown, Ottawa University and everything Ottawa has to offer

Why not make 315 Lajoie Street your next real estate investment. Showings Tues and Fri from 10-noon and 2-4 and Sat from 1-5 only with 24 hours notice.

Listed by ROYAL LEPAGE TEAM REALTY · MLS# X13721802

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 3 - 315 Lajoie Street, Ottawa, ON

Property TypeTriplex
Style2-Storey
Size1500-2000 sq ft
BasementFinished
Total Parking3

Location

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Mortgage Calculator

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%
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Mortgage Payment$4,421/monthly
Principal54%
Interest46%
Principal Amount$720,000
Interest$606,429
Total Payable$1,326,429
Amortization25 years

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

Cash Flow Analysis

Mortgage payment$4,421
Mortgage + Expenses$4,421
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$
$
$
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Monthly Cash Flow-$4,421

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

5.0 · 70+ Google reviews
+1 (613) 804-9117ak@realtorakash.ca
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

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

$900,000

3 - 315 Lajoie Street, Ottawa, ON