Property Description

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:29236)

Address: 556 - 562 GLADSTONE AVENUE
City: Ottawa
State/Province: Ontario
Zip: K1R5P3
Country: Canada
Days On Market: 435 days
Mls Number: 1253381
Property Type: Single Family
Price: $ 2,288,000
Building Type: House
Stories: 2
Ownership Type: Freehold
Parking Space: 0
Zoning Description: Residential
Land Size: 60.01 ft X 81 ft
Transaction Type: For sale
Neigborhood: Centre Town
Half Bathroom (Bathroom Partial): 0
Foundation Type: Stone
Rooms: 12
Bedrooms: 8
Bathrooms: 8
Year Built: 1908
Basement: Full (Finished)
Features: Private setting, Balcony, Recreational
Foundation Type: Stone
Fire Protection: Smoke Detectors
Flooring: Hardwood, Laminate, Tile
Basement Development: Finished
Basement Type: Full (Finished)
Exterior Finish: Brick, Siding
Cooling: None
Fireplace: Not Available
Utility Sewer: Municipal sewage system
Water: Municipal water
Community Features: Adult Oriented
Amenities Nearby: Public Transit, Recreation Nearby, Shopping, Water Nearby
Parking Type: Street Permit
Land Acreage: false
Room Level Rooms Size
Second level Bedroom 16 ft x 13 ft
Second level Bedroom 9 ft x 9 ft
Second level Bedroom 10 ft x 9 ft
Basement 4pc Bathroom Measurements not available
Basement Bedroom 12 ft x 16 ft
Basement Laundry room Measurements not available
Basement Recreation room Measurements not available
Basement 4pc Bathroom Measurements not available
Main level Foyer Measurements not available
Main level Family room 12 ft x 12 ft
Main level Kitchen 14 ft x 10 ft
Main level Den 12 ft x 10 ft
Date Status Price MLS Number URL
September 14, 2021 Unavailable  $2,288,000 1243712 View Listing
August 17, 2021 Active  $2,288,000 1253381
July 04, 2021 Active  $2,288,000 1243712 View Listing


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