315 Lajoie Street
3404 - Vanier, Vanier And Kingsview Park, K1L 7H3
FOR SALE
$900,000
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6
BEDROOMS 3
BATHROOMS 3
KITCHENS 15
ROOMS X13721802
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Property Description
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.
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Property Features
Separate Hydro Meter, Available
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Property Details
Address
315 Lajoie Street
Community
Postal Code
K1L 7H3
Property Type
Triplex, Triplex
Lot Size
36' x 100'
Taxes
$6,139 (2025
Basement
Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Royal Lepage Team Realty
PRIME INVESTMENT OPPORTUNITY! Fully tenanted, income-producing triplex generating approximately $68,772 in gross annual rental income, with an estimated NOI of approximately $54,183, in a highly desirable central Ottawa location. This well-maintained property features three spacious 2-bedroom units, each offering the convenience of in-suite laundry and dedicated parking. A fourth parking space provides additional income potential. Designed for efficient ownership, the property includes three separate hydro meters, with Units 2 and 3 paying their own hydro costs. Recent improvements include new rear metal stairs (2025), a new rented furnace (2026), updated interior doors, modernized bathroom finishes, and LED lighting upgrades. The bright and functional units feature hardwood flooring, tiled kitchens and bathrooms, and abundant natural light from all four sides of the building. The desirable 3 x 2-bedroom configuration supports strong rental demand and broad tenant appeal. Ideally located just minutes from Montfort Hospital, downtown Ottawa, Highway 417, public transit, schools, shopping, restaurants, parks, and community amenities. Whether you are looking to expand your investment portfolio or acquire your first multi-unit property, this triplex offers immediate income and long-term growth potential in one of Ottawa's most convenient rental locations. Some interior photos were taken prior to current tenancy.
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Opportunity to own a solid triplex in a well-established Ottawa neighbourhood with strong rental demand! This property features three spacious 2-bedroom, 1-bathroom units, each offering hardwood flooring, ceramic tile in the kitchens and bathrooms, and practical layouts that appeal to tenants. Several updates have been completed over the years, including renovated units, newer windows, and a resurfaced driveway. A detached single-car garage provides additional storage or parking options. Tenants pay their own hydro, helping to keep operating costs down. A great option for investors looking to add to their portfolio or those seeking a multi-unit property with long-term potential.
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Excellent investment opportunity in the heart of vibrant Vanier! Welcome to 208 Montfort Street, a well-maintained triplex offering strong income potential and excellent versatility for investors or owner-occupants alike. Ideally located close to downtown Ottawa, public transit, shopping, restaurants, parks, schools, and everyday amenities, this property provides convenience and accessibility in a rapidly growing neighbourhood. The building features three self-contained units with functional layouts, bright living spaces. Apt #204, Basement, has one bedroom, living room, kitchen & 3 pieces bathroom. Apt #206 & #208 have two bedrooms, living room, kitchen and 3 pieces bathroom each. Large windows throughout allow for plenty of natural light, while the property offers ample parking and outdoor space for tenant enjoyment. A fantastic opportunity to add to your investment portfolio with potential for steady rental income in a centrally located area close to employment hubs, University of Ottawa, and major commuter routes. Whether you are looking to live in one unit while generating rental income from the others or seeking a fully tenanted income property, this triplex offers exceptional value and long-term potential in one of Ottawa's established urban communities.
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