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48 Louisa Street Ottawa, Ontario K1R 6Y8

None Baseboard Heaters, Forced Air

$989,000

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:39840)

Property Details

MLS® Number 1403335
Property Type Multi-family
Neigbourhood West Centre Town
AmenitiesNearBy Airport, Public Transit, Recreation Nearby, Shopping
ParkingSpaceTotal 5

Building

BasementDevelopment Unfinished
BasementType Common (unfinished)
ConstructionStyleAttachment Attached
CoolingType None
ExteriorFinish Stone, Stucco
FlooringType Hardwood, Laminate, Tile
FoundationType Poured Concrete, Stone
HeatingFuel Electric, Natural Gas
HeatingType Baseboard Heaters, Forced Air
StoriesTotal 2
Type Fourplex
UtilityWater Municipal Water

Parking

Surfaced

Land

Acreage No
CurrentUse Development Residential
LandAmenities Airport, Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
SizeDepth 91 Ft ,6 In
SizeFrontage 50 Ft
SizeIrregular 50 Ft X 91.5 Ft
SizeTotalText 50 Ft X 91.5 Ft
ZoningDescription R4t

https://www.realtor.ca/real-estate/27188895/48-louisa-street-ottawa-west-centre-town

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