48 Louisa Street Ottawa, Ontario K1R 6Y8
$989,000
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 | 1403335 |
| Property Type | Multi-family |
| Neigbourhood | West Centre Town |
| Amenities Near By | Airport, Public Transit, Recreation Nearby, Shopping |
| Parking Space Total | 5 |
Building
| 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 |
Parking
| Surfaced |
Land
| 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 |
https://www.realtor.ca/real-estate/27188895/48-louisa-street-ottawa-west-centre-town
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Ottawa Real Estate Board
Engel & Volkers Ottawa
August 06 2024 05:12:34
