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48 Bell St N

Bell St N, Old City, Ottawa, ON, K1R 7C7

-
Beds
-
Baths
$699,900
List Price
Details
Photos
22
Comparables
History
48 Bell St N, Ottawa, ON - 1 of 3
48 Bell St N, Ottawa, ON - 2 of 3
48 Bell St N, Ottawa, ON - 3 of 3
New
3 days on market

Quick Summary

  • Rare 4.82% cap rate investment property
  • Annual gross income of $43,200 from 2 units
  • Prime duplex location in ChinaTown, near amenities
  • Newly renovated turnkey units with separate utilities
  • Projected NOI of $33,000 and 23% annual return
  • Recent major updates including roof, windows, furnace
  • Newly paved driveway and siding in 2021-2022
  • Minimal maintenance investment opportunity

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... Show More

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:54626)

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Property Details

Parking

2 Parking Spaces
Surfaced

Lot

Size
357′0″ * 857′12″
Acres
-

Build

Year Built
1900
Model Name
-
Basement
Unfinished
Exterior
Brick
Foundation
-
Builder Name
-
Stories
2
Flooring
Hardwood, Laminate, Tile
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Source

Listing Brokerage

MLS® Listing
1418003
Last Updated
October 25, 2024
Brokerage
EXP REALTY
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Call us 800-591-0566

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