48 Bell Street N Ottawa, Ontario K1R 7C7
$699,900
Investors & savvy buyers take NOTICE! Rarely offered 4.82% Cap Rate! Annual Gross Income of $43,200 split between two renovated turnkey, LEGAL separate units. Prime duplex in the heart of ChinaTown, steps to Little Italy, Dows Lake, close to Ottawa's favourite restaurants, parks, and museums. Minutes away from the Rideau Canal, Parliament Hill, Lebreton Flats, LRT and quick access to Hwy 417. Features include 2 separate Hydro meters, new electrical, new Plumbing, Major updates completed in 2017:Roof, windows, furnace. New siding on back of building 2021, newly paved driveway 2022 and MORE. Each unit has its own laundry. This combination ensures a high-yield, low-expense and minimal-maintenance investment with a projected NOI of $33,000 and 23% Annual return on investment! A Renter's dream and well-cared-for. 24Hrs Irrev on all offers. (id:37464)
Property Details
| MLS® Number | 1416638 |
| Property Type | Multi-family |
| Neigbourhood | Centre Town |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
| Features | Balcony |
| Parking Space Total | 2 |
Building
| Basement Development | Unfinished |
| Basement Type | Crawl Space (unfinished) |
| Constructed Date | 1900 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Flooring Type | Hardwood, Laminate, Tile |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 71 Ft ,6 In |
| Size Frontage | 29 Ft ,9 In |
| Size Irregular | 29.75 Ft X 71.5 Ft |
| Size Total Text | 29.75 Ft X 71.5 Ft |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/27555326/48-bell-street-n-ottawa-centre-town
Sales Representative
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October 18 2024 04:12:12
Ottawa Real Estate Board
Exp Realty