48 LOUISA STREET, Ottawa

2024-07-18
 

Quick Summary

Location
48 LOUISA STREET, Ottawa, Ontario K1R6Y8
Price
$989,000 CAD
Status:
For Sale
Property Type:
Multi-family
Photo Link:
Video Link:

MLS®#1403335

Property Description

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:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Airport, Public Transit, Recreation Nearby, Shopping

Building

  • Basement Development: Unfinished
  • Basement Type: Common (Unfinished)
  • Construction Style: Attached
  • Cooling Type: None
  • Exterior Finish: Stone, Stucco
  • Fireplace: No
  • Flooring Type: Hardwood, Laminate, Tile
  • Building Type: Fourplex
  • Stories: 2
  • Utility Water: Municipal water

Land

  • Land Size: 50 ft X 91.5 ft
  • Sewer: Municipal sewage system

Zoning

  • Description: r4t

Information entered by ENGEL & VOLKERS OTTAWA
Listing information last updated on: 2024-08-06 17:12:34


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