267 Michel Circle Ottawa, Ontario K1L 7P4

$769,900

Beautifully renovated duplex with in-law suite in Vanier North offering an incredible investment opportunity with exceptional rental income of $4,960/month, potential cash flow of $1,000+ per month, and a 6.4% cap rate. The lower units (1 bed, 1 bath each) are newly tenanted for a combined $2,900/month, while the upper 3-bed unit is rented at $2,060/month. Tenants pay their own hydro and heat, keeping operating costs low. Located just a couple of blocks from Beechwood, this property provides easy access to groceries, transit, restaurants, shopping, and more, making it a highly desirable rental location. Extensive renovations include the lower level being completely re-plumbed, LVT flooring throughout, updated bathrooms and kitchens in the lower level, motion-activated common area lighting, new or refurbished appliances, upgraded upstairs electrical panel, new high-efficiency heaters in basement apartments and common area, and fresh paint throughout. This turnkey property offers strong cash flow, low maintenance, and excellent long-term value. Financials are available in the attachments. Schedule your viewing today! (id:43934)

Property Details

MLS® Number	X12057410
Property Type	Multi-family
Community Name	3402 - Vanier
Amenities Near By	Public Transit, Park
Parking Space Total	4

Building

Bathroom Total	3
Bedrooms Above Ground	5
Bedrooms Total	5
Exterior Finish	Brick, Stone
Fireplace Present	Yes
Foundation Type	Block
Heating Fuel	Natural Gas
Heating Type	Baseboard Heaters
Stories Total	2
Type	Triplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Public Transit, Park
Sewer	Sanitary Sewer
Size Depth	99 Ft
Size Frontage	47 Ft
Size Irregular	47 X 99 Ft ; 0
Size Total Text	47 X 99 Ft ; 0
Zoning Description	R2l

https://www.realtor.ca/real-estate/28109690/267-michel-circle-ottawa-3402-vanier