Exceptional investment opportunity in the heart of Centretown! This well-maintained and recently renovated LEGAL duplex offers the perfect combination of strong cash flow, owner-occupancy flexibility, and long-term value in one of Ottawa's most desirable urban neighbourhoods. Featuring two spacious 2-bedroom units, each with its own private entrance, separate hydro meter, and in-unit laundry, this turnkey property is ideal for investors and homeowners alike. Numerous updates include renovated kitchens and bathrooms, updated plumbing and electrical, fire escapes brought up to code, fresh paint throughout, updated flooring, fencing improvements, and countless other upgrades that contribute to the property's excellent condition and tenant appeal. A rare bonus for Centretown, the property includes 3 parking spaces, a highly sought-after feature for both tenants and owners. Investors will appreciate the potential for a return exceeding 7.0%, while owner-occupants can live in one unit and rent the other to significantly offset mortgage costs. Landlord pays heat and water, while tenants pay their own hydro through separate meters. Ideally located steps from Bank Street, Chinatown, Little Italy, public transit, parks, cafés, restaurants, shopping, entertainment, government offices, and some of Ottawa's most vibrant urban amenities. Residents enjoy easy access to Dow's Lake, the Rideau Canal, LeBreton Flats, Carleton University, the University of Ottawa, and downtown employment hubs. With strong rental demand, exceptional walkability, and major updates already completed, this is a rare opportunity to acquire a quality income property in one of Ottawa's most established and sought-after neighbourhoods.
Address
45 Bell Street N
List Price
$719,900
MLS® Status
Extension
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
2-Storey
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4205 - West Centre Town
Region
Ottawa
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
13
Bathrooms
2
Floor Area
2000-2500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
75
Lot Size Units
Feet
Lot Width
33
Parcel Number
041090086
Parcel of Tied Land
No
Occupant Type
Owner+Tenant
Cross Street
Eccles St and Bell Street N
MLS® Number
X13583114
Listing Brokerage
TRU REALTY
Basement Area
Unfinished, Partial Basement, Exposed Rock
Postal Code
K1R 7C5
Posession Details
Flexible
Parking
Lane
Parking Places (Total)
3
Parking Spaces
3
Tax Amount
$5,142.00
Tax Year
2025
Interior Features
Separate Heating Controls
Cable
No
Central Vacuum
No
Family Room
No
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Vinyl Siding
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Flat, Unknown
Tax Legal Description
PT LT 128, PL 3459 , E BELL ST, AS IN N557690 ; OTTAWA/NEPEAN
Waterfront
No
Sewer
Sewer