29
See all 29 photos
$1,595,000
Est. payment /mo
8 Beds
4 Baths
New
486-488 Lisgar ST Ottawa Centre, ON K1R 5H3
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 4102 - Ottawa Centre
MLS Listing ID X12182254
Style 3-Storey
Bedrooms 8
Annual Tax Amount $10,613
Tax Year 2025
Property Sub-Type Fourplex
Property Description
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 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 $105K (if fully tenanted). Parking for at least 5 vehicles at rear of property, an exceptional asset in an urban setting (enter down lane beside 282 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.
Location
State ON
County Ottawa
Community 4102 - Ottawa Centre
Area Ottawa
Rooms
Family Room No
Basement Partially Finished
Kitchen 4
Interior
Interior Features Carpet Free
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Flat
Lot Frontage 35.5
Lot Depth 112.41
Total Parking Spaces 5
Building
Foundation Stone
Others
Virtual Tour https://unbranded.youriguide.com/488_lisgar_st_ottawa_on/
Listed by ROYAL LEPAGE PERFORMANCE REALTY