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556 - 562 Gladstone Avenue Ottawa, Ontario K1R 5P3

8 Bedroom 8 Bathroom
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:15865)

Property Details

MLS® Number 1253381
Property Type Single Family
Neigbourhood Centre Town
Amenities Near By Public Transit, Recreation Nearby, Shopping, Water Nearby
Community Features Adult Oriented
Features Private Setting, Balcony, Recreational


Bathroom Total 8
Bedrooms Above Ground 4
Bedrooms Below Ground 4
Bedrooms Total 8
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1908
Construction Style Attachment Semi-detached
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 House
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


Level Type Dimensions
Second Level Bedroom 16 ft x 13 ft
Second Level Bedroom 9 ft x 9 ft
Second Level Bedroom 10 ft x 9 ft
Basement 4pc Bathroom Measurements not available
Basement Bedroom 12 ft x 16 ft
Basement Laundry Room Measurements not available
Basement Recreation Room Measurements not available
Basement 4pc Bathroom Measurements not available
Main Level Foyer Measurements not available
Main Level Family Room 12 ft x 12 ft
Main Level Kitchen 14 ft x 10 ft
Main Level Den 12 ft x 10 ft



Contact us for more information

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Sonja M. Payette

(613) 218-9382

Sutton Group - Ottawa Realty
4 - 1130 Wellington St West
Ottawa, Ontario K1Y 2Z3

(613) 744-5000
(613) 744-5001

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