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48 Louisa St

Louisa St, Old City, Ottawa, ON, K1R 6Y8

-
Beds
-
Baths
$1,059,900
List Price
Details
Photos
30
Comparables
History
48 Louisa St, Ottawa, ON - 1 of 3
48 Louisa St, Ottawa, ON - 2 of 3
48 Louisa St, Ottawa, ON - 3 of 3
New
17 days on market

Quick Summary

  • Spacious fourplex property in desirable West Centretown
  • Steps to amenities like Little Italy and Dows Lake
  • Attractive 5% CAP rate for strong cash flow
  • Includes a large renovated 2-bedroom unit
  • Separate bungalow with additional 2-bedroom unit
  • Ample parking for 5 vehicles on double lot
  • Fully occupied with quality long-term tenants
  • Shared laundry facility adds supplemental income

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... Show More

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:54626)

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Property Details

Parking

5 Parking Spaces
Surfaced

Lot

Size
600′0″ * 1097′11″
Acres
-

Build

Year Built
-
Model Name
-
Basement
Unfinished
Exterior
Stone, Stucco
Foundation
Poured Concrete, Stone
Builder Name
-
Stories
2
Flooring
Hardwood, Laminate, Tile
Roof
-

Heating & Cooling

Heating
Baseboard heaters, Forced air
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Source

Listing Brokerage

MLS® Listing
1391804
Last Updated
May 15, 2024
Brokerage
ENGEL & VOLKERS OTTAWA
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