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$799,900 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
86%
Rare opportunity in the desirable Kingsview Park area of Vanier! This fully renovated, legal two-unit detached property sits on a generous 50 x 100 foot R2 zoned lot on a quiet cul-de-sac. Ideal for investors or homeowners looking for a legal secondary unit to help offset mortgage costs. Completely renovated in 2020 with professionally completed work, this property features two updated kitchens, two new bathrooms, new flooring, paint and trim, plus an owned gas hot water heater. Ten appliances are included. The main floor offers a spacious family room, modern chef's kitchen with Island and stainless steel appliances, laundry and 3 good sized bedrooms. The bright lower unit features its own kitchen, bathroom and laundry, two bedrooms and large windows for plenty of natural light. Steps to Janville Park and playground and Kiwanis Park. Includes rare oversized parking, detached garage and private PVC fence added in 2024. Attachments include ESA certification and Occupancy Permit. Current tenants are month to month, Projected rents are $2700 and $1500 per month all inclusive. An excellent opportunity in a growing neighborhood !! 24 hours notice for showings. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$24K
Annual cash flow
$-21K
Cash-on-cash
-8.58%
DSCR
0.54
Going-in cap
2.97%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
135,618
Households
64,459
Median income
$107,500
Median age
34
Daytime population
164,539
5-yr growth
2.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 311 RICHARD CIRCLE W, Ottawa.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.