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$655,000
Ottawa
378 Enfield Avenue, Ottawa, Ontario, K1L7L3
This 7-bedroom, 4-bathroom home in Ottawa is for sale. Listed at $655,000, it is attractively priced about 13% below the $749,900 median asking price in Ottawa.
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! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 129 days on market, against an average age of 62 days across the listings currently for sale in this city
This 7-bed single family in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $655,000, about 10.4× the local median household income of $63,200.
Carrying it typically needs a household income of about $127,944 (20% down, 25-yr amortization, stress-tested) — roughly 102% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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