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:28469)
Property Details
| MLS® Number | 1419434 |
| Property Type | Multi-family |
| Neigbourhood | Centre Town |
| AmenitiesNearBy | Public Transit, Recreation Nearby, Shopping |
| Features | Balcony |
| ParkingSpaceTotal | 2 |
Building
| BasementDevelopment | Unfinished |
| BasementType | Crawl Space (unfinished) |
| ConstructedDate | 1900 |
| CoolingType | None |
| ExteriorFinish | Brick |
| FlooringType | Hardwood, Laminate, Tile |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| LandAmenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 71 Ft ,6 In |
| SizeFrontage | 29 Ft ,9 In |
| SizeIrregular | 29.75 Ft X 71.5 Ft |
| SizeTotalText | 29.75 Ft X 71.5 Ft |
| ZoningDescription | Residential |
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November 06 2024 05:11:55
Ottawa Real Estate Board
Exp Realty