$ 699.900

48 Bell Street N, Ottawa

  • Added: 17 days ago
  • Updated: 16 days ago
  • Last Checked: 19 hours ago
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:1945)
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Property DetailsKey information about 48 Bell Street N

  • Cooling: None
  • Heating: Forced air, Natural gas
  • Stories: 2
  • Year Built: 1900
  • Structure Type: Duplex
  • Exterior Features: Brick
  • Type: Duplex
  • Cap Rate: 4.82%
  • Annual Gross Income: $43,200
  • Net Operating Income NOI: $33,000
  • Annual Return On Investment: 23%
  • Legal Units: 2 separate units

Interior FeaturesDiscover the interior design and amenities

  • Basement: Unfinished, Crawl space
  • Flooring: Tile, Hardwood, Laminate
  • Renovated: true
  • Turnkey: true
  • Units Have Their Own Laundry: true

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 48 Bell Street N

  • Lot Features: Balcony
  • Water Source: Municipal water
  • Parking Total: 2
  • Parking Features: Surfaced
  • Lot Size Dimensions: 29.75 ft X 71.5 ft
  • Location: Heart of ChinaTown
  • Siding: New siding on back of building 2021
  • Driveway: Newly paved driveway 2022

Location & CommunityUnderstand the neighborhood and community

  • Street Dir Suffix: North
  • Proximity To Attractions: Steps to Little Italy, Close to Ottawa's favourite restaurants, Parks, Museums, Minutes away from the Rideau Canal, Parliament Hill, Lebreton Flats, LRT, Quick access to Hwy 417

Business & Leasing InformationCheck business and leasing options available at 48 Bell Street N

  • Existing Lease Type: Gross
  • High Yield: true
  • Low Expense: true
  • Minimal Maintenance: true

Utilities & SystemsReview utilities and system installations

  • Sewer: Municipal sewage system
  • Separate Hydro Meters: true
  • New Electrical: true
  • New Plumbing: true
  • Major Updates Completed: Roof: 2017, Windows: 2017, Furnace: 2017

Tax & Legal InformationGet tax and legal details applicable to 48 Bell Street N

  • Tax Year: 2024
  • Parcel Number: 041090258
  • Tax Annual Amount: 3971
  • Zoning Description: Residential
  • Legal Description: Legal separate units

Additional FeaturesExplore extra features and benefits

  • Number Of Units Total: 2
  • Well Cared For: true
  • 24 Hrs Irrevocable On All Offers: true
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More Details?
  • Andrea Olivieri Valdes
  • EXP REALTY
  • 613-282-9898

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