556 - 562 Gladstone Avenue Ottawa, Ontario K1R 5P3

None Forced Air


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


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


Street Permit


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



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