378 ENFIELD AVENUE, Ottawa

2025-10-22
 

Quick Summary

Location
378 ENFIELD AVENUE, Ottawa, Ontario K1L7L3
Price
$700,000 CAD
Status:
For Sale
Property Type:
Single Family
Area:
700 - 1100 sqft
Bedrooms:
4 bed +3
Bathrooms:
4

MLS®#X12476100

Property Description

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! (id:32467)

Property Features

Building

  • Appliances: Garage door opener remote(s), Water meter
  • Architectural Style: Bungalow
  • Basement Development: Finished
  • Basement Type: Full (Finished)
  • Construction Style: Detached
  • Cooling Type: Central air conditioning
  • Exterior Finish: Aluminum siding, Brick
  • Fireplace: No
  • Interior Size: 700 - 1100 sqft
  • Building Type: House
  • Stories: 1
  • Utility Water: Municipal water

Land

  • Land Size: 50 x 88 FT
  • Sewer: Sanitary sewer

Ownership

  • Type: Freehold

Information entered by HOME RUN REALTY INC.
Listing information last updated on: 2025-11-03 12:57:18


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