50
See all 50 photos
$769,900
Est. payment /mo
5 Beds
3 Baths
New
267 MICHEL CIR Vanier And Kingsview Park, ON K1L 7P4
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision 3402 - Vanier
MLS Listing ID X12057410
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,827
Tax Year 2024
Property Sub-Type Triplex
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!
Location
Province ON
County Ottawa
Community 3402 - Vanier
Area Ottawa
Rooms
Family Room No
Basement None
Kitchen 3
Interior
Interior Features Other
Cooling None
Fireplace Yes
Heat Source Gas
Exterior
Pool None
Roof Type Other
Lot Frontage 47.0
Lot Depth 99.0
Total Parking Spaces 4
Building
Unit Features Public Transit,Park
Foundation Block
Listed by ENGEL & VOLKERS OTTAWA