$655,000 list price. Neighbourhood benchmark for this home type is being prepared.
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 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 professional property manager that has been handling all day-to-day operations smoothly - zero hassles for the owner. 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!
Property details
Listed on
June 30, 2026
Days on market
30 days
Property tax
$3,767 (2025)
Lot
50 × 88 Feet
Style
Bungalow
Heating
Forced Air
Cooling
Central Air
MLS®
X13504376
Full details
Parking
GarageAttached
Total parking5
Parking featuresAvailable
Property & sold history
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See this home's sale & listing history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
This price requires at least 6.2% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$9,575
Legal · title · inspection$2,800
Closing costs$12,375
Down payment$131,000
Total cash to close$143,375
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
Comparables
Homes near 378 Enfield Avenue, Vanier and Kingsview Park, ON K1L 7L3