LiveMLS X14034068Buy & hold

303 LACASSE AVENUE · Triplex

Ottawa, ON · Triplex · 3 units

$549,900listed

Price at 5.75% cap

Ottawa market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

Create a free account Sign inGoes to the AssetAvenue team. We reply by email, usually within a business day.View on Realtor.caLast seen on Realtor.ca Oct 21

What this listing is

303 LACASSE AVENUE is a 3-unit triplex in Ottawa, ON, asking $549,900 — $183,300 per door.

That sits below the Ottawa band of $275k - $475k per door. Ottawa cap rates screen 4.3% - 5.6% and average rent runs about $2,250 a door.

At 3 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

The Ottawa desk underwrites vacancy at 3% - 4% and operating expenses at 32% - 42% of gross rent.

Asking price: $549,900
Units: 3 units
Property type: Triplex
Location: Ottawa, ON
Price per door: $183,300
Ottawa cap band: 4.3% - 5.6%
Ottawa average rent: $2,250

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the price at a 5.75% cap — opens with a free account.

MLS®, Multiple Listing Service® and REALTOR® are trademarks of The Canadian Real Estate Association (CREA). AssetAvenue is not affiliated with CREA or Realtor.ca and is not a real estate brokerage. Listing details come from public listings and may be out of date — confirm them with the listing brokerage before relying on them.