486-488 Lisgar St - Apartments FOR SALE


Ottawa, ON K1R 5H3- Downtown
$1,595,000 CAD
613-238-2801
486-488 Lisgar St, Ottawa, ON for Sale
$1,595,000 CAD
Apartments - FOR SALE
1/28
null | 5.4% Cap Rate

486-488 Lisgar St
Ottawa, ON K1R 5H3
Downtown


OVERVIEW

Exceptional Investment Opportunity in the heart of Centretown. This brick side-by-side 3 Storey Fourplex has owner-occupier potential, with a currently vacant 3 bedroom unit, or set your own rent and choose your own tenant. Severance into two semi-detached duplexes is another excellent option with seperate 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. This well-maintained property has stable, long-term tenants, due to the convenient location with walkable access to all the amenities. Income $109K (if fully tenanted). Parking for 6 vehicles at rear of property, an exceptional asset in an urban setting (enter down lane beside 482 Lisgar). 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. (40568417)

FOR SALE DETAILS

PRICE

$1,595,000 CAD

PRICE/SF

$319 CAD /SF

# OF UNITS

4

PRICE/UNIT

$398,750

CAP RATE

5.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R4T

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris CovenyRoyal LePage Performance RealtyMore Info
613-238-2801

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Chris CovenyRoyal LePage Performance RealtyMore Info
613-238-2801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.