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48 LOUISA STREET
Ottawa, Ontario K1R6Y8

$1,059,900

ID# 1391804

ABOUT THIS PROPERTY


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:43993)

PROPERTY DETAILS


Cooling Type None
Flooring Type Hardwood, Laminate, Tile
Heating Type Baseboard heaters, Forced air
Heating Fuel Electric, Natural gas
Stories Total 2

Property Type


Multi-family
Courtesy of ENGEL & VOLKERS OTTAWA
Listed on: May 15, 2024

On market: 5 days

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