List Price: $1,595,000

486-488 Lisgar Street, Ottawa Centre, K1R 5H3

Name: 486-488 Lisgar Ottawa Centre K1R 5H3
Brand: ROYAL LEPAGE PERFORMANCE REALTY
Price: 1595000 CAD
Rating: 4 (20 reviews)

- By ROYAL LEPAGE PERFORMANCE REALTY

Fourplex|MLS - #X12182254|New

8 Bed

4 Bath

3500-5000 Sqft.

Lot Size: 35.5 x 112.41 Feet

None Garage

Price comparison with similar homes in Ottawa Centre

Compared to 1 similar home

10.9% Higher↑

Market Avg. of (1 similar homes)

$1,438,000

Note * The price comparison provided is based on publicly available listings of similar properties within the same area. While we strive to ensure accuracy, these figures are intended for general reference only and may not reflect current market conditions, specific property features, or recent sales. For a precise and up-to-date evaluation tailored to your situation, we strongly recommend consulting a licensed real estate professional.

Room Information

Room Type	Dimension (length x width)	Level
Living Room 3.75 x 4.01 m	3.75 x 4.01 m	Main
Kitchen 2.05 x 4.74 m	2.05 x 4.74 m	Main
Dining Room 1.51 x 2.78 m	1.51 x 2.78 m	Main
Bedroom 3.44 x 4.39 m	3.44 x 4.39 m	Main
Living Room 3.8 x 3.97 m	3.8 x 3.97 m	Main
Kitchen 3.55 x 4.77 m	3.55 x 4.77 m	Main
Bedroom 3.46 x 4.36 m	3.46 x 4.36 m	Main
Kitchen 3.56 x 2.64 m	3.56 x 2.64 m	Second

Client Remarks

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.

Property Description