Exceptional Opportunity for Investors, Multi-Generational Families, or Owner-Occupants! This formerly triplex property offers a rare chance to secure immediate vacant possession, set market rents, and choose your own tenants. Ideal for investors, extended families, or buyers seeking long-term upside, income potential, and future redevelopment opportunities. Located on a 47' x 113' lot and zoned R4, the property provides strong development and value-add potential in a highly desirable Ottawa location. The layout includes a 3-bedroom upper unit, a 2-bedroom main floor unit, and a 1-bedroom basement unit, all finished with carpet-free flooring for durability and low maintenance. Built in 1956 and lovingly held as a family home since April 1965, the property combines solid construction with timeless character. It is ready to be enjoyed as-is or thoughtfully modernized to suit your vision. A standout feature is the abundant storage throughout, offering rare and practical functionality across all levels. The basement unit provides added income potential and flexibility, making it well-suited for multi-generational living or investors aiming to maximize returns. An attached garage offers versatile space, ideal for storage or a very small vehicle. Conveniently located just minutes from downtown Ottawa, the property benefits from strong rental demand with close proximity to transit, parks, schools, and amenities. Recent updates include PVC windows and a newer roof, helping reduce near-term maintenance costs. Three hydro meters are already in place for efficient utility management. With vacant possession, strong location fundamentals, and multiple future pathways, this property presents a compelling combination of immediate income potential, long-term appreciation, and redevelopment opportunity in one complete package. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|
Details
- Amenities Nearby: Hospital, Public Transit, Schools
- Community Features: Community Centre, School Bus
- Features: Carpet Free, Guest Suite, In-Law Suite
- Ownership: Freehold
- Parking Spaces: 4
- Structure: Deck, Patio(s), Shed
- Transaction: For sale
Building
- Amenities: Fireplace(s), Separate Electricity Meters
- Appliances: Water Heater, Garage door opener remote(s), Cooktop, Dishwasher, Refrigerator
- BasementType: Full (Partially finished)
- Basement Development: Partially finished
- Bedrooms Main Level: 5
- Bedrooms Lower Level: 1
- Construction Style Attachment: Detached
- Cooling: Central air conditioning
- Exterior Finish: Brick, Aluminum siding
- Fireplace Present: True
- Fire Protection: Smoke Detectors
- Foundation: Block
- Bathrooms (Half): 1
- Bathrooms (Total): 3
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 2000 - 2500 sqft
- Stories Total: 2
- Type: House
- Utility Water: Municipal water
Land
- Amenities: Hospital, Public Transit, Schools
- Fence: Fully Fenced, Fenced yard
- Landscape Features: Landscaped
- Sewer: Sanitary sewer
- Size Frontage: 46 ft
- Size Irregular: 46 x 108 FT
Listing provided by RE/MAX DELTA REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 352 LACASSE AVENUE in Ottawa Ontario. It was last modified on June 5th, 2026. Contact the Nancy Wright Team to schedule a viewing or to discover other Ottawa homes for sale.