263 Michel Circle

Welcome to 263 Michel Circle, Ottawa, a fantastic Multi-Family Home for sale in Ottawa that is perfect for investors looking to tap into the vibrant rental market. Nestled in the heart of Vanier, this 2-storey multiplex is just a stone's throw away from Beechwood, one of Ottawa's most rapidly developing neighbourhoods. The property boasts an attractive combination of brick and vinyl siding, giving it a classic yet contemporary appeal.

This Multi-Family Home for sale in Ottawa is currently tenanted, providing an immediate income-generating opportunity for savvy investors. The upper unit is spacious and features three generously sized bedrooms along with a well-appointed 3-piece bathroom. Meanwhile, the lower unit is equally inviting, offering two comfortable bedrooms and its own 3-piece bath. With a total of 11 rooms, including two kitchens, this property is designed to accommodate the needs of tenants, making it a highly sought-after rental option.

One of the standout features of this property is its ample parking space, with room for up to four vehicles, ensuring that tenants have convenient access to their cars. Although there is no garage or central vacuum system, the lack of these features does not detract from the overall appeal of this Multi-Family Home for sale in Ottawa. The property is unfurnished, allowing new owners the flexibility to personalise the space to their liking.

The living areas in both units are bright and airy, thanks to large windows that let in plenty of natural light. The family room in the upper unit is a lovely space for relaxation and entertainment, while the presence of a fireplace adds a cosy touch, perfect for those chilly Ottawa evenings. Although there is no air conditioning, the property's design and layout make it easy to maintain a comfortable atmosphere throughout the year.

The kitchen facilities are another highlight of this Multi-Family Home for sale in Ottawa. With two kitchens available, tenants can enjoy the convenience of preparing meals in their own space. This feature is particularly appealing for families or groups sharing the property, as it allows for independent living while still being part of a community.

Speaking of community, the area surrounding 263 Michel Circle, Ottawa, is thriving. Vanier is known for its strong tenant demand, thanks to its proximity to downtown Ottawa and a wealth of amenities. Residents can easily access public transport, parks, schools, shopping centres, and a variety of top-rated restaurants. The ongoing redevelopment in the area promises to enhance the local landscape further, making this an excellent investment opportunity.

The property sits on a generous lot measuring 50 x 100 feet, providing ample outdoor space for tenants to enjoy. While there is no pool, the spacious yard offers potential for landscaping or outdoor activities. The municipal water and sewer systems are an added convenience, ensuring that essential services are readily available.

For those considering this Multi-Family Home for sale in Ottawa, it’s worth noting that the basement has been converted into an apartment, adding even more value to this already impressive property. This additional living space can be utilised for extra rental income or as a guest suite, further enhancing the property's appeal.

In summary, 263 Michel Circle, Ottawa, is a remarkable opportunity for anyone looking to invest in a Multi-Family Home for sale in Ottawa. With its prime location in a growing community, spacious living arrangements, and the potential for significant returns, this property is not to be missed. Whether you're an experienced investor or new to the market, this duplex offers a promising avenue for income generation and growth in a dynamic area. Don’t hesitate to reach out for more information or to schedule a viewing!

Vanier, located just east of downtown Ottawa, is a vibrant and diverse neighbourhood that offers a unique blend of urban living and community spirit. Known for its rich cultural tapestry, Vanier features an array of shops, restaurants, and parks that cater to a variety of tastes and lifestyles. The area is characterised by its charming residential streets, many of which are lined with mature trees and quaint homes. With excellent public transport links, residents enjoy easy access to the city's core and beyond. Vanier also boasts a strong sense of community, where local events and initiatives foster connections among residents, making it an inviting place to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an excellent choice for families. Within a 1.1 km radius, you'll find Manor Park Public School, offering both English and French instruction for grades JK to 6, with a solid school rating of 6. St. Brigid School, just 0.9 km away, is a Catholic elementary school with a rating of 5.5, catering to students from JK to 6. Queen Elizabeth Public School, located 1.9 km from the property, provides education for grades JK to 8 and has a rating of 3.9. For secondary education, Lisgar Collegiate Institute is 3.1 km away, offering grades 9 to 12 with a commendable rating of 7.9. Additionally, Immaculata High School, a Catholic institution for grades 7 to 12, is situated 3.9 km from the property and has a rating of 5.8. With a variety of educational options nearby, parents will appreciate the accessibility and quality of schools available to their children, ensuring a well-rounded education in a vibrant community.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 646 residents, with an average household size of 2.1. The demographic profile reveals an average age of 50.2 years, indicating a mature community. The average household income stands at $78,000, although 17.2% of the population is classified as low-income. The real estate market reflects an average property price of $660,000, with a significant portion of the population being renters at 68.75%. Single individuals make up 61.21% of the community, while households with children represent 28%. Additionally, 15.29% of residents are immigrants, contributing to the area's diversity. Educational attainment is notable, with 48.72% of the population holding a college or university degree. However, a substantial 47.44% of residents are not in the labor force, which may impact local economic dynamics. The presence of condominiums is limited, accounting for only 10.42% of housing options. Overall, this demographic snapshot highlights a community characterized by a mix of age, income levels, and educational backgrounds, set within a predominantly rental housing market.