5 Days on Market

48 LOUISA St, Ottawa, Ontario K1R 6Y8

$1,059,900
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Townhouse
-
-
- sqft

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Highlights

Estimated Value$671,000*

Price/Sqft-

Days On Market5 days

Est. Mortgage$4,552/mth

Tax Amount (2023)$6,353/yr

*Last updated on: 24/05/15

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.


Property Details

Style4 Plex
View-
Age of property-
SqFt-
Lot Size425 SqFt(27.89 x 15.24)
Parking Spaces5
MLS ®Number1391804
Community NameWest Centertown
Board NameOREB

Features

Heating: Baseboard,Forced Air
Basement: Common, Unfinished

Features

Lot size: 425 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 5


Property History

Now
Listed for$1,059,900
5 days on market
history photo preview30
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Property listed by ENGEL & VOLKERS OTTAWA, Brokerage
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