Deanna Parisi direct 613-859-7704 | David Parisi direct 613-859-4047

267 MICHEL CIRCLE
Ottawa, Ontario K1L7P4


  • 267 MICHEL CIRCLE Ottawa
  • 267 MICHEL CIRCLE Ottawa
  • 267 MICHEL CIRCLE Ottawa
  • 267 MICHEL CIRCLE Ottawa
  • 267 MICHEL CIRCLE Ottawa
  • 267 MICHEL CIRCLE Ottawa
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  • 267 MICHEL CIRCLE Ottawa
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  • 267 MICHEL CIRCLE Ottawa
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$769,900

ID# X12057410

5 Bedroom 3 Bathroom

Baseboard heaters

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:25961)
Courtesy of ENGEL & VOLKERS OTTAWA
Listed on: April 02, 2025

On market: 6 days
Bathroom Total 3
Bedrooms Total 5
Heating Type Baseboard heaters
Heating Fuel Natural gas
Stories Total 2
Schools

8 public & 7 Catholic schools serve this home. Of these, 10 have catchments. There are 3 private schools nearby.

Parks & Rec

3 playgrounds, 2 rinks and 8 other facilities are within a 20 min walk of this home.

Transit

Street transit stop less than a 5 min walk away. Rail transit stop less than 3 km away.

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Deanna Parisi

Realtor®

Direct: 613-859-7704

Deanna@theParisiGroup.ca

David Parisi

Realtor®

Direct: 613-859-4047

David@theParisiGroup.ca

376 Churchill Ave. N,

Unit 101

Ottawa, Ontario

613-755-2278


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