$1,595,000
10.19 BTC
Photos
486-488 Lisgar Street, Ottawa Centre
$1,595,000
PRICE
8
BEDROOMS
4
BATHROOMS
X12182254
MLSID

486-488 Lisgar Street, Ottawa Centre

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.
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Summary

Address
486-488 Lisgar Street
MLSID
X12182254
Property Type
Fourplex
Property Category
Bedrooms
8
Bathrooms
4
Kitchens
4
Zoning
R4T
Taxes (Annual)
$10,613.00
Tax Year
2025
Published
May 29, 2025
Days on Market
65 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Fridge x 4, Stove x 4, washer x 2, dryer x 2, hood fan x 2

Exclusions

Tenant's possessions

Details

Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Second Level
Parking Spaces
5
Parking Total
5
Parking Features
Private
Architectural Style
3-Storey
Roof
Flat
Construction Materials
Brick
Lot Size
3,991
Lot Width
36 Feet
Lot Depth
112 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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