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267 MICHEL CIRCLE

Ottawa, Ontario K1L7P4

$769,900 for sale



MLS®:
X12057410
Contract Days:
22
Community:
Ownership:
Property Type:
R2L Triplex
Total Size:
47 x 99 FT ; 0
Built Date:
Parking:
4
Bedrooms:
5+
Bathrooms:
3
Interior Features

Construction Style:
Total Stories:
2
Total Bedrooms:
5
Bedrooms Above Ground:
5
Bedrooms Below Ground:
Total Bathrooms:
3
Whole Bathrooms:
3
Half Bathrooms:
Basement Type:
Basement Development:
Appliances:
Exterior Features

Built Date:
Exterior Finish:
Brick, Stone
Foundation Type:
Block
Utitilies

Heating Type:
Baseboard heaters
Heating Fuel:
Natural gas
Cooling Type:
Utility Water:
Municipal water
Sewer:
Sanitary sewer
Total Fireplaces:
Type
Level
Size

Note

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:19004)

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