$ 700,000
-
$700,000
Price -
7
Bed -
4
Bath -
700
SqFt
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About the Listing 491900 -
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, 2 bathrooms, 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 Highlights for 378 Enfield Ave
Status
Active
Days on Site
13
Property Type
Residential
MLS ®
X12476100
Year Built
Total Square Footage
700
Lot/Acreage
4395
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full
- Other: Auto Garage Door Remote
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Metal
- Others:
- Sewer: Sewer
- Parking Features: Attached
Financial Details
- Tax Amount: $3,767
- Taxes w/Assessments: N/A
- Tax/Property ID: 042480017
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
378 Enfield Ave Vanier and Kingsview Park, ON K1L 7L3
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