For Sale: 378 Enfield Avenue, Ottawa, ON - REW
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$679,000
7 bd • 4 ba • 700 - 1099 sf • House
378 Enfield Avenue
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$679,000
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378 Enfield AvenueOttawa, ON, K1L 7L3

Overbrook - McArthur
  • 7 Bed
  • 4 Bath
  • 700 - 1099 Sqft
  • House

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 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 $5,750, 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 2023-2024, 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! (id:63626)
Listed by: Wang Meng, Salesperson, HOME RUN REALTY INC.

Home facts and features

Price details
List Price
$679,000
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Gross Taxes for 2025
$3,767
Home facts
Bedrooms
7
Full Bathrooms
4
Parking Spaces
5
Parking Details
Garage, Attached Garage
Property Type
House
Depth
88 feet
Frontage
50.0 feet
Title
Freehold
Style
Bungalow
Exterior Finish
Aluminum siding
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Apartment in basement,
Community
Agent details
Primary Agent
Wang Meng
Primary Broker
HOME RUN REALTY INC.
Listing details
Days on REW
24 Days
MLS® Number
X13504376
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
Interest Rate
3.99%

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Property Insights

É Élém C Horizon-Jeunesse
  • Catholic
  • JK - 6
ÉEP Le Trillium
  • Public
  • JK - 6
Répit-Transit
  • Public
  • JK - 12
Assumption Catholic Elementary School
  • Catholic
  • JK - 6
Robert E. Wilson Public School
  • Public
  • JK - 6
St Michael School
  • Catholic
  • K - 6
Ottawa Technical Secondary School
  • Public
  • 9 - 12
ÉEP Trille des Bois
  • Public
  • JK - 8
É Élém C Sainte-Anne
  • Catholic
  • JK - 8
Rideau High School
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Wang Meng
Phone:
(613) 882-7588
Office:
613-518-2008
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.