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303 LACASSE AVENUE, Ottawa — listed at $549,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Click brochure link for more details. DEVELOPMENT & VALUE-ADD OPPORTUNITY on a VACANT 40' x 100' LOT in VANIER SOUTH. Priced for an immediate, hassle-free sale. This purpose-built triplex structure is owner-occupied and will be delivered with guaranteed 100% vacant possession on closing within 2-4 weeks. No tenant relocation or LTB delays allowing you to completely bypass Landlord and Tenant Board delays, tenant relocation costs, or legacy rent controls. PROPERTY HIGHLIGHTS: Features a large triple detached storage shed with a durable metal roof and a fully enclosed yard anchored by a premium 7-foot pressure treated privacy fence. Situated on a highly desirable, quiet stretch of Lacasse Ave populated by long-term owners and tenants and a short 2 minute walk to major bus routes on Montreal Rd. Each of the 3 -- 2 bedroom units has separate electric meters, private laundry hookup & private entrances. The hot water tanks are owned. There are no lease agreements for utilities. DEVELOPMENT POTENTIAL: Capitalize immediately on Ottawa's New Zoning By-law 2026-50 framework. Located in a high-density N-zone transition pocket featuring zero municipal parking minimums, allowing you to maximize the rear footprint for an optimal low-rise 4 to 8-unit multiplex conversion or full clean-slate build. If you'd prefer to renovate the existing triplex, gross rental potential for three 2-bedroom units ranges from $1,800-$2,000/month per unit ($64,800-$72,000 annually) post-renovations. New zoning rules for this district are focused on high density housing & have eliminated the requirement for surface parking. FAST CLOSING TERMS within 30 days/flexible of acceptance. (id:60164)
Does it have a basement, and is it finished?+
Yes — Finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
Is 303 LACASSE AVENUE a good fit for a growing family?+
With 6 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
How is the home heated? Is it efficient?+
Heating is baseboard heaters, electric, wood, other. Electric heating can mean higher winter bills — ask for past utility statements.
What's the parking situation?+
This property includes 2 spaces — No Garage.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 6 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is this a good starter home?+
At $549,900, this is priced in starter-home territory for Ottawa. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
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