556 - 562 Gladstone Avenue Ottawa, Ontario K1R 5P3
$2,288,000
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:38825)
Property Details
| MLS® Number | 1243712 |
| Property Type | Multi-family |
| Neigbourhood | Centre Town |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping, Water Nearby |
| Community Features | Adult Oriented |
| Features | Private Setting, Balcony, Recreational |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1908 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Brick, Siding |
| Fire Protection | Smoke Detectors |
| Flooring Type | Hardwood, Laminate, Tile |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Street Permit |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation Nearby, Shopping, Water Nearby |
| Sewer | Municipal Sewage System |
| Size Depth | 81 Ft |
| Size Frontage | 60 Ft |
| Size Irregular | 60.01 Ft X 81 Ft |
| Size Total Text | 60.01 Ft X 81 Ft |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/23287184/556-562-gladstone-avenue-ottawa-centre-town
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June 16 2021 09:11:39
Ottawa Real Estate Board
Sutton Group - Ottawa Realty