261-263 Michel Circ

Vanier and Kingsview Park | 3402 - Vanier | K1L 7P4
  • 10
  • 4
  • 0

$1,525,000

Est. Mtg $5,171 /mo
  • Days on market

    32

  • Status

    New

Listing Broker ENGEL & VOLKERS OTTAWA
Since listed: 0 views

Home details

MLS #:

X12005577

Property type:
Fourplex
Style:
2-Storey
Taxes:
$11,783
Possession:
TBD
Lot Front:
0.0   Feet
Lot Depth:
0.0   Feet
Basement:
Apartment | Fin W/O
Driveway Pkg:
12
Heat:
Gas | Other

Description


261-263 Michel Circ, , Vanier and Kingsview Park, Ontario is a Fourplex property in Vanier and Kingsview Park and in the 3402 - Vanier community in the K1L 7P4 postal code


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..

Extras

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History

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List Date End Date List Price End Price Status MLS #
2025-03 2025-03 $1,525,000 $1,525,000 New X12005577

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Vanier and Kingsview Park :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 261-263 Michel Circ

Based on available 3rd party data

$6287

Approximate costs per month

Mortgage
$5171 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$981 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker ENGEL & VOLKERS OTTAWA
Data Source: TRREB

Payment calculator

$6152 monthly. In association with: TD Bank
%
  • Principal and Interest
    5171 /mo
  • Property Taxes
    $981 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Raymond Chin, Realtor

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