Multi-unit
$669,900
235 Jeanne Mance Street
Vanier, Ottawa
- 4 bd
- 3 ba
- Triplex
1 / 24
$550,000
Vanier, Ottawa, ON K1L7Y8 · MLS® X14095550
Detached homes at this price are hard to find. 137 Genest Street is a freehold front-to-back duplex with over 1,900 square feet above grade. The front unit was built in 1932, and the back section was added decades later. Each unit has its own living and dining space, with five bedrooms and 2.5 bathrooms in total (one full bath in the front, 1.5 in the back). Live in one unit and rent the other to offset your mortgage. Bring the extended family together under one roof. Or hold it as a straight investment. The deep lot has room for gardening, pets, or a quiet afternoon outside. A detached garage adds storage and parking, and there are no condo fees. The same family has owned and cared for the home since the 1960s. Vanier puts you just east of downtown, close to local schools, the independent shops along Beechwood Avenue, and the pathways along the Rideau River. (id:65933)
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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.
Listed by Royal Lepage Performance Realty.
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.