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Price Change$679,000

378 Enfield Avenue

3404 - Vanier, Vanier and Kingsview Park

$655,000

Detached|Bungalow
4 | 4 | 5
About this home

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!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,767
Lot Size50 ft x 88 ft
mls© NumberX13504376
Listed ByHOME RUN REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,353
Property tax
$314
Heat allowance
$150
Housing costs
$3,817 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $131,000
25-yr amortization

Income needed

$117,000

gross annual household income

Payment at 4%
$2,756 / mo
Cash down
$131,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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