48 Bell Street N Ottawa, Ontario K1R 7C7

$699,900

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:43934)

Property Details

MLS® Number	1419434
Property Type	Multi-family
Neigbourhood	Centre Town
AmenitiesNearBy	Public Transit, Recreation Nearby, Shopping
Features	Balcony
ParkingSpaceTotal	2

Building

BasementDevelopment	Unfinished
BasementType	Crawl Space (unfinished)
ConstructedDate	1900
CoolingType	None
ExteriorFinish	Brick
FlooringType	Hardwood, Laminate, Tile
HeatingFuel	Natural Gas
HeatingType	Forced Air
StoriesTotal	2
Type	Duplex
UtilityWater	Municipal Water

Parking

Surfaced

Land

Acreage	No
LandAmenities	Public Transit, Recreation Nearby, Shopping
Sewer	Municipal Sewage System
SizeDepth	71 Ft ,6 In
SizeFrontage	29 Ft ,9 In
SizeIrregular	29.75 Ft X 71.5 Ft
SizeTotalText	29.75 Ft X 71.5 Ft
ZoningDescription	Residential

https://www.realtor.ca/real-estate/27622328/48-bell-street-n-ottawa-centre-town