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$ 899,900
Est. payment /mo
Active
29 MARCEL STREET Russell, ON K0A1W0
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision 602 - Embrun
MLS® Listing ID X11922144
Bedrooms 5
Half Baths 1
Originating Board Ottawa Real Estate Board
Property Description
Fantastic Investment Opportunity in Embrun! This recently built duplex offers excellent income potential and long-term security, with both units rented on five-year leases until April 1st, 2029. Conveniently located in a desirable neighborhood, this property is well-maintained and fully tenanted, making it a hassle-free addition to any portfolio. The upper unit features a bright, open-concept kitchen and dining area with a patio door leading to a large deck. The spacious living room is filled with natural light from its large windows. This unit includes three bedrooms, two and a half bathrooms, and an oversized laundry room on the 2nd floor. The lower unit has its own private side entrance with large foyer and offers two bedrooms plus a den, a full bathroom with seperate laundry, and an open-concept kitchen, dining, and living area. Despite being a lower unit, it feels bright and welcoming thanks to large windows that bring in plenty of natural light. The property includes separate utilities for each unit, with two furnaces, two HRVs, two rented hot water tanks, and individual gas and hydro meters. Tenants are responsible for their own heating and hydro, while the landlord covers water expenses up to $100 per month. The upper unit, located at 29 Marcel, is currently rented for $2,850 per month, while the lower unit, 29A Marcel, rents for $2,200 per month. Both units are in excellent condition and are well cared for by reliable tenants, providing peace of mind for the next owner. With secure leases in place, modern finishes throughout, and a prime location in a growing community, this duplex is a smart investment with strong cash flow potential. Dont miss out on this incredible opportunity! (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Central air conditioning, Air exchanger
Fireplaces Number 2
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://my.matterport.com/show/?m=yHXuAdNweYh&play=1
Listed by LOCKE REAL ESTATE INC.
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