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:4069)
| Address |
48 LOUISA STREET |
| List Price |
$989,000 |
| Property Type |
Multi-family |
| Type of Dwelling |
Fourplex |
| Area |
Ontario |
| Sub-Area |
Ottawa |
| Lot Size |
50 ft X 91.5 ft Sq. Ft. |
| MLS® Number |
1403335 |
| Listing Brokerage |
ENGEL & VOLKERS OTTAWA
|
| Basement Area |
Common (Unfinished) |
| Postal Code |
K1R6Y8 |
| Zoning |
r4t |
| Site Influences |
Airport, Public Transit, Recreation Nearby, Shopping |
