311 Richard Circle W, Ottawa, photo 1 1 / 24

$799,900

311 Richard Circle W

Vanier, Ottawa, ON K1L6W1 · MLS® X14162104

  • 5Bedrooms
  • 2Bathrooms
  • 2Parking

About this property

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:65933)

Type
Duplex
Category
Multi-family
Annual taxes
$5,000
Updated
Nov 10, 2026

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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 Team Realty.

Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.

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