261-263 Michel Circle, Ottawa, Ontario K1L 7P4

Listed for:
$1,525,000
10 beds
4 baths
Listed 25 days ago
Fourplex for rent: 261-263 Michel Circle, Ottawa, Ontario K1L 7P4

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Learn more about this property
Listing provided by:
ENGEL & VOLKERS OTTAWA
MLS® number:
X12005577
Agent:
Quinn Goodwin
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About

Lavergne St. & Michel Cir. Welcome to 263 Michel Circle and 73 Lavergne Street, two turnkey duplexes located steps from Beechwood, one of Ottawa's fastest-growing neighbourhoods. These two properties are side by side with 100 ft of frontage on Lavergne and 100 ft of frontage on Michel. The zoning is R2 which allows for good development potential. These well-maintained, income-generating properties are ideal for investors looking to expand their portfolios in a high-demand area. At 73 Lavergne Street, the upper unit features three spacious bedrooms and a 3-piece bath, while the lower unit offers two bedrooms and a 3-piece bath, with its own separate entrance for added tenant privacy. At 263 Michel Circle, the upper unit features three bedrooms and a 3-piece bath, while the lower unit offers 2 bedrooms and a 3-piece bath, providing comfortable living spaces. Both properties are tenanted, with established tenants already in place, ensuring immediate rental income. Both properties are located just minutes from downtown Ottawa, in the vibrant and evolving Vanier neighbourhood, which offers strong tenant demand and access to public transit, parks, schools, shopping, and top-rated restaurants. With ongoing redevelopment and appreciation in the area, this is a rare opportunity to own two duplexes in a high-growth market. Don't miss out on this exceptional investment opportunity. Contact us today, and see the attached financials for more details on these properties. (id:27476)

Property Highlights

MLS® Number
X12005577
Type
Multi-family
Community Name
3402 - Vanier
Land Size
2 Lots
Parking Space Total
13

Building

Building Type
Fourplex
Storeys
2.00
Square Footage
2749.9767 - 2998.9751 sqft
Bathrooms Total
4
Bedrooms Above Ground
10
Bedrooms Total
10
Exterior Finish
Brick, Vinyl siding
Fireplace Present
Yes
Basement Type
N/A (Finished)
Basement Features
Apartment in basement, Walk out
Building Heating Type
Other
Heating Fuel
Natural gas
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location