8 Bedrooms

4 Bathrooms

3,500 - 5,000 sqft Interior

6 Parking spaces

35.5 X 112.4 Ft Lot size

1 day ago Listed

Virtual tour None Forced Air Finished basement

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About this home

Don't miss this fantastic Investment Opportunity! All brick side-by-side 3 Storey Fourplex, located in the heart of Centretown. Well-maintainted, convenient walkable location attracts high-quality tenants. Severance into two semi-detached duplexes is also an option with separate hydro, furnaces, and water meters. Each semi has a one-bedroom main floor unit with full basement, laundry & rear deck + a three-bedroom 2nd/3rd floor unit with front porch. Income $107k. Parking for 6 vehicles at rear of property means additional parking income. An exceptional asset in an urban setting . Whether you're looking to expand your investment portfolio, create multi-generational housing, or generate income while living downtown, this property offers tons of versatility. (id:28469)

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Facts & features

Property

MLS® Number: X13875382
Property Type: Multi-family
Neighbourhood: Chinatown
Community Name: 4102 - Ottawa Centre
Equipment Type: Water Heater
Features: Carpet Free
Parking Space Total: 6
Rental Equipment Type: Water Heater

Building

Bathroom Total: 4
Bedrooms Above Ground: 8
Bedrooms Total: 8
Appliances: Dryer, Hood Fan, Stove, Washer, Refrigerator
Basement Development: Partially Finished
Basement Type: N/a (partially Finished)
Cooling Type: None
Exterior Finish: Brick
Foundation Type: Stone
Heating Fuel: Natural Gas
Heating Type: Forced Air
Stories Total: 3
Size Interior: 3,500 - 5,000 Sqft
Type: Fourplex
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 112 Ft ,4 In
Size Frontage: 35 Ft ,6 In
Size Irregular: 35.5 X 112.4 Ft
Size Total Text: 35.5 X 112.4 Ft
Zoning Description: R4t

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $5,978/mo
Ontario land transfer tax: $23,475 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Ottawa Centre market

74 Active listings

$399,900 Median asking price

238% above median This home

37 days Avg. time on market

Browse all Ottawa Centre listings →

Location

486-488 Lisgar Street, Ottawa, Ontario K1R 5H3 · Get directions

486-488 Lisgar Street