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:4069)
Address
267 MICHEL CIRCLE
List Price
$769,900
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
Ottawa
Bedrooms
5
Bathrooms
3
Lot Size
47 x 99 FT ; 0 Sq. Ft.
MLS® Number
X12057410
Listing Brokerage
ENGEL & VOLKERS OTTAWA
Postal Code
K1L7P4
Zoning
R2L
Site Influences
Public Transit, Park
