Welcome to 48 Louisa. Investment opportunity; four plex in West Centre town zoned R4T. Located on an oversize lot (49.93ft x 91.84ft) in a thriving neighbourhood perfect for young professionals. Walking distance to Little Italy. Large home that houses 3 units & separate bungalow, four units in total. APT. 1 - Featuring 2 bedrooms, oversized family room, modern bathroom & front yard patio area -> Rented at $2,200/monthly (12 month lease converting month to month Dec. 1st 2025 / electricity, heat, water included). APT. 2 - Bachelor with convenient balcony access & bathroom -> Rented at $1,148/monthly (Rent going up to 1,177 June 1st, 2025 / electricity, heat, water included). APT. 3 - Featuring 1 bedroom + den/office & 1 bathroom -> Rented at $1,486/monthly (Rent going up to $1,523 Jan. 1st, 2025 / electricity, heat, water included). APT. 4 - Featuring 2 bedrooms, 1 bathroom & private exclusive yard -> Rented at $1,164/monthly (Rent going up to $1,193 Nov. 1st, 2025 / hydro paid by tenant). Shared pay per use laundry in the basement adding approx. $800 in yearly income. 5 surface outdoor parking. Great current & future value. BOOK YOUR PRIVATE SHOWING TODAY!!! (id:4069)
Address
48 LOUISA STREET
List Price
$989,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Area
Ontario
Sub-Area
Ottawa
Bedrooms
6
Bathrooms
4
Floor Area
15,002,000 Sq. Ft.
Lot Size
50 x 91.5 FT ; 0 Sq. Ft.
MLS® Number
X12104946
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Basement Area
N/A (Unfinished)
Postal Code
K1R6Y8
Zoning
r4t
