48 Louisa Street Ottawa, Ontario K1R 6Y8

None Baseboard Heaters, Forced Air


Great cash-flow fourplex in West Centretown zoned R4T. Steps to Little Italy, Government Buildings & Dows lake, with a CAP rate approaching 5%. Features a large home that houses 3 units & separate bungalow, four units in total. One spacious renovated two bedroom, one bachelor, updated one bedroom & a large separate free standing 2 bedroom unit w/ private entry & yard. Huge lot size allowing for 5 parking spaces on this double lot in a thriving neighborhood perfect for young professionals. Copy of survey and fire retrofit (2011) available. Largest apartment completely renovated in 2011. Great current & future value in this property. 3 tenants are on month to month - upside for higher rents as all units are under market value. Quality tenants- there has never been a vacancy in over 10 years. Shared pay per use laundry in basement adding income to property. 24 hr on offers as there are two owners. All units tenant occupied, notice to show needed scheduled days and times in rep remarks. (id:35531)

Property Details

MLS® Number 1391804
Property Type Multi-family
Neigbourhood West Centre Town
Amenities Near By Airport, Public Transit, Recreation Nearby, Shopping
Parking Space Total 5


Basement Development Unfinished
Basement Type Common (unfinished)
Construction Style Attachment Attached
Cooling Type None
Exterior Finish Stone, Stucco
Fireplace Present No
Flooring Type Hardwood, Laminate, Tile
Foundation Type Poured Concrete, Stone
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Type Fourplex
Utility Water Municipal Water




Acreage No
Current Use Development Residential
Land Amenities Airport, Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
Size Depth 91 Ft ,6 In
Size Frontage 50 Ft
Size Irregular 50 Ft X 91.5 Ft
Size Total Text 50 Ft X 91.5 Ft
Zoning Description R4t


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