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48 LOUISA STREET

Ottawa, Ontario K1R6Y8

$989,000 for sale



MLS®:
1403335
Contract Days:
92
Community:
West Centre Town
Ownership:
Property Type:
r4t Fourplex , Attached
Total Size:
50 ft X 91.5 ft
Built Date:
Parking:
5
Bedrooms:
+
Bathrooms:
Interior Features

Construction Style:
Attached
Total Stories:
2
Total Bedrooms:
Bedrooms Above Ground:
Bedrooms Below Ground:
Total Bathrooms:
Whole Bathrooms:
0
Half Bathrooms:
Basement Type:
Common (Unfinished)
Basement Development:
Unfinished
Appliances:
Exterior Features

Built Date:
Exterior Finish:
Stone, Stucco
Foundation Type:
Poured Concrete, Stone
Utitilies

Heating Type:
Baseboard heaters, Forced air
Heating Fuel:
Electric, Natural gas
Cooling Type:
None
Utility Water:
Municipal water
Sewer:
Municipal sewage system
Total Fireplaces:
Type
Level
Size

Note

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:19004)

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