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$2,288,000
556 - 562 Gladstone Avenue, Ottawa, ON K1R 5P3
8 Beds
8 Baths
n/a sqft

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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:5764)
  • Price:
  • $2,288,000
  • Bedrooms:
  • 8
  • Full Baths:
  • 8
  • Year Built:
  • 1908
  • Listing ID #:
  • 1253381
  • Street Address:
  • 556 - 562 Gladstone Avenue
  • City:
  • Ottawa
  • Province:
  • Ontario
  • Postal Code:
  • K1R 5P3
  • Subdivision:
  • Centre Town
  • Listing Status:
  • Active
  • Listing Type:
  • House
  • Flooring:
  • Hardwood, Laminate, Tile
  • Stories:
  • 2
  • Year Built:
  • 1908
  • Road Frontage:
  • 60 Ft
  • Community Features:
  • Adult Oriented
  • Originating Mls:
  • Ottawa Real Estate Board
  • Subdivision:
  • Centre Town
  • Bedroom Description:
  • Bedroom
  • Has Central Air Conditioning:
  • Yes
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Municipal Sewage System
  • Listing Provided By Sutton Group - Ottawa Realty

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