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$1,350,000
Ottawa
486-488 Lisgar Street, Ottawa, Ontario, K1R5H3
This multi-family property in Ottawa is for sale offering roughly 3,918 sq ft of space. It has been on the market 20 days, fresher than the Ottawa average of 63 days.
Don't miss this fantastic Investment Opportunity! All brick side-by-side 3 Storey Fourplex, located in the heart of Centretown. Well-maintained, 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:66096)
Features and services as supplied by the listing brokerage.
Active: 20 days on market, against an average age of 63 days across the listings currently for sale in this city
This 8-bed multi-family in Ottawa has been listed for 20 days, which is 43 days fresher than the city average of 63. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,350,000, about 18.2× the local median household income of $74,000.
Carrying it typically needs a household income of about $263,702 (20% down, 25-yr amortization, stress-tested) — roughly 256% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1R)
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Loading rates, 30-yr amortization
Cash Needed to Close
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