Active
48 LOUISA STREET
Ottawa Ontario, K1R6Y8
$989,000
Active
Residential
Courtesy of ENGEL & VOLKERS OTTAWA
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:41202)
1403335
MLSⓇ ID
August 23, 2024
Updated
Map
48 LOUISA STREET
Ottawa Ontario, K1R6Y8
Interior Features
Total Stories
2
Floor Description
Hardwood, Laminate, Tile
Fireplace
No
Cooling
Yes
Cooling Description
None
Heating
Yes
Heating Description
Baseboard heaters, Forced air, Electric, Natural gas
Exterior/Building Features
Sewer
Municipal sewage system
Other Property Details
Association Amenities
Airport, Public Transit, Recreation Nearby, Shopping
Garage
No
Parking Total
5
View
No
Pool
No
Courtesy of ENGEL & VOLKERS OTTAWA
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