Listings

556 - 562 GLADSTONE AVENUE, Ottawa, Ontario, K1R5P3
Bathrooms8 Bedrooms8
Property TypeSingle Family Built in1908

Calling all investors!!! These 4 door, highly profitable townhouses are situated in a vibrant downtown location near cafes, parks, transit, restaurants, shopping and universities! All units are leased to great tenants for $ 2750 + all utilities until May 1/2022. Very easy to manage and always easy to rent. Gross annual income is $132000 and net $110566. Cap rate 4.8%. Each door has 5 bedrms with 2 full baths, main floor addition and a finished basement. All mechanical systems, 3 kitchens recently renovated, roof 2020 (Soprema bitumen membrane consisting of Colphene base sheet and Sopraply stick traffic cap sheet), Exterior painted in 2021. This is a turn key operation. The rents are very competitive and the property is in above average condition. Taxes $12,198 Insurance $9,116 Grosse income 11000 per month =$132,000 Net income =$110,556 (id:43048)


Details
Amenities NearbyPublic Transit, Recreation Nearby, Shopping, Water Nearby Community FeaturesAdult Oriented
FeaturesPrivate setting, Balcony, Recreational OwnershipFreehold
Parking Spaces0 TransactionFor sale
Zoning DescriptionResidential
Building
Bedrooms Main level4 Bedrooms Lower level4
Basement DevelopmentFinished BasementFull (Finished)
Constructed Date1908 Construction Style AttachmentSemi-detached
CoolingNone Exterior FinishBrick, Siding
Fire ProtectionSmoke Detectors FlooringHardwood, Laminate, Tile
FoundationStone Bathrooms (Half)0
Bathrooms (Total)8 Heating FuelNatural gas
HeatingForced air Storeys Total2
TypeHouse Utility WaterMunicipal water
Land
Size Frontage60 ft AmenitiesPublic Transit, Recreation Nearby, Shopping, Water Nearby
SewerMunicipal sewage system Size Depth81 ft
Size Irregular60.01 ft X 81 ft
Level Type Dimensions
Second levelBedroom16 ft x 13 ft
Second levelBedroom9 ft x 9 ft
Second levelBedroom10 ft x 9 ft
Basement4pc BathroomMeasurements not available
BasementBedroom12 ft x 16 ft
BasementLaundry roomMeasurements not available
BasementRecreation roomMeasurements not available
Basement4pc BathroomMeasurements not available
Main levelFoyerMeasurements not available
Main levelFamily room12 ft x 12 ft
Main levelKitchen14 ft x 10 ft
Main levelDen12 ft x 10 ft

Listing Office: SUTTON GROUP - OTTAWA REALTY

Data Provided by Ottawa Real Estate Board

Last Modified :02/09/2021 11:11:55 AM

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