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$649,000
Status: For Sale
A rare investment opportunity! The main floor of this bungalow has 3 bedrooms and a 4pcs bathroom, while the two basement units generate steady rental income. This location is always in demand, so vacancies are rare and most tenants remain long-term. Recent improvements include refinished and new hardwood floors (2015), updated main floor windows (2013), a new owned hot water tank plus a new rental unit (2016), and the replacement of all remaining roof shingles scheduled for completion in 2016. This property can be purchased purely as an investment, or you can live on the main level while the two basement tenants cover a significant share of your expenses.
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X12899450 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :17 Jul, 2026 (19 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Ottawa |
|---|---|
| Postal Code | :
K1L 6X2
|
| Price | : $649,000 |
|---|---|
| Property Taxes | :$5207.93 |
| Tax Year | :2025 |
|---|
| Bedrooms | :3 + 2 |
|---|---|
| No. of Rooms | :7 |
| Heating | :Baseboard |
| Cross Street | :Lafontaine Avenue runs North/South between Montreal Road and MacArthur Avenue in Vanier between the Vanier Parkway and St. Laurent Blvd. |
| Bathrooms | :1 |
|---|---|
| Fuel | :Electric |
| Approx Square Footage | :1100-1500 sqft |
| Fireplace/Stove | :Yes |
| Living Room | :5.48 m x 3.96 m |
|---|---|
| Bedroom 2 | :3.35 m x 2.74 m |
| Bedroom 3 | :4.87 m x 2.13 m |
| Kitchen | :4.26 m x 3.96 m |
|---|---|
| Primary Bedroom | :3.96 m x 3.65 m |
| Exterior Finish | :Brick, Other |
|---|---|
| Parking Space | :5 |
| Basement | :Finished with Walk-Out |
05 Jun, 2026
TREB #X12899450
Price Change
$649000.0
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$649,000
316 Lafontaine Avenue, Ottawa, ON
Listing ID #X12899450
Price drop by $31,000
Price drop by $31,000