5 Bedroom
3 Bathroom
Fireplace
Baseboard Heaters
$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:35885)
Property Details
MLS® Number
|
X12057410 |
Property Type
|
Multi-family |
Community Name
|
3402 - Vanier |
AmenitiesNearBy
|
Public Transit, Park |
ParkingSpaceTotal
|
4 |
Building
BathroomTotal
|
3 |
BedroomsAboveGround
|
5 |
BedroomsTotal
|
5 |
ExteriorFinish
|
Brick, Stone |
FireplacePresent
|
Yes |
FoundationType
|
Block |
HeatingFuel
|
Natural Gas |
HeatingType
|
Baseboard Heaters |
StoriesTotal
|
2 |
Type
|
Triplex |
UtilityWater
|
Municipal Water |
Parking
Land
Acreage
|
No |
LandAmenities
|
Public Transit, Park |
Sewer
|
Sanitary Sewer |
SizeDepth
|
99 Ft |
SizeFrontage
|
47 Ft |
SizeIrregular
|
47 X 99 Ft ; 0 |
SizeTotalText
|
47 X 99 Ft ; 0 |
ZoningDescription
|
R2l |
https://www.realtor.ca/real-estate/28109690/267-michel-circle-ottawa-3402-vanier