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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.
Fridge x 4, Stove x 4, washer x 2, dryer x 2, hood fan x 2
City: Ottawa
Neighborhood: Ottawa Centre
Purchase Price | $1595000 |
Down Payment | $319000 |
Mortgage Insurance | $0 |
Total Mortgage | $1276000 |
Mortgage Payment | $7863 |
Property Taxes | $884 |
Maintenance Fees | $0 |
Monthly Payment | $8747 |
Located at 486-488 Lisgar St , this Ottawa house is available for sale. This property was listed for $1,595,000 on Thu May 29 2025. This house's size is 3500-5000 Sqft. It has 8 bedrooms and 4 bathrooms. The property includes the following rooms: Living, Kitchen, Dining, Br, Living, Kitchen, Br, Office, Kitchen, Br, Living, Kitchen, Br, Living, Br, Br, Br, Br. This property comes with 5 parking spots. 486-488 Lisgar St, Ottawa is situated in the Ottawa Centre neighbourhood.
MLS#: X12182254 · $1,595,000 · 8 bedroom house in Ottawa Centre, Ottawa