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$ 769,900
Est. payment /mo
New
267 MICHEL CIRCLE Ottawa, ON K1L7P4
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision 3402 - Vanier
MLS® Listing ID X12057410
Bedrooms 5
Originating Board Ottawa Real Estate Board
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by ENGEL & VOLKERS OTTAWA