<-- style PDP --> 261-263 Michel Circle, Ottawa - Fourplex for sale for $1,525,000
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261-263 Michel Circle

Ottawa, Ontario, K1L 7P4 - Vanier

$1,525,000

  • Neighbourhood

    Vanier

  • Major Intersection

    Lavergne St. & Michel Cir.

  • Listed Since: 422 day(s)

  • Last update: 390 day(s) ago

Overview

  • Property Type

    Fourplex, 2-Storey

  • Bedrooms

    10

  • Bathrooms

    4

  • Basement

    Apartment + Fin W/O

  • Kitchen

    2

  • Total Parking

    13 (1 Other Garage)

  • Lot Size

    Available Upon Request

  • Taxes

    $11,783.18 (2024)

  • Type

    Freehold

Property Description

Property description for 261-263 Michel Circle, Ottawa

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.

Listed by ENGEL & VOLKERS OTTAWA

  • MLS #

    X12005577

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    n/a

  • Garage

    Other, 1 spaces

  • Total Parking

    13

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    Y

  • Roof

    Flat, Other

  • Foundation

    Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Other

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • MLS #

    X12005577

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    n/a

  • Garage

    Other, 1 spaces

  • Total Parking

    13

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    Y

  • Roof

    Flat, Other

  • Foundation

    Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Other

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Estimated price

Date
Price
Change
2025-03-06
$1,428,278
---

Inventory Graph

10 9 8 7 6 5 4 3 2 1 0 4 Months of inventory SELLER'S Market BALANCED Market BUYER'S Market

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Closing Cost Calculator

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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