48 LOUISA

Home Details

Description

Great cash-flow fourplex in West Centretown zoned R4T. Steps to Little Italy, Government Buildings & Dows lake, with a CAP rate approaching 5%. Features a large home that houses 3 units & separate bungalow, four units in total. One spacious renovated two bedroom, one bachelor, updated one bedroom & a large separate free standing 2 bedroom unit w/ private entry & yard. Huge lot size allowing for 5 parking spaces on this double lot in a thriving neighborhood perfect for young professionals. Copy of survey and fire retrofit (2011) available. Largest apartment completely renovated in 2011. Great current & future value in this property. 3 tenants are on month to month - upside for higher rents as all units are under market value. Quality tenants- there has never been a vacancy in over 10 years. Shared pay per use laundry in basement adding income to property. 24 hr on offers as there are two owners. All units tenant occupied, notice to show needed scheduled days and times in rep remarks. (id:39198)

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Additional media

https://listings.nextdoorphotos.com/48louisastreet

Property taxes

$6,353.00 per year / $529.42 per month

Basement

Unfinished, Common

Year build

-

Type

Multi-family

Bedrooms

null

Bathrooms

null

Parking spots

5 Total

Floor

Tile, Hardwood, Laminate

Balcony

-

Pool

-

External material

Stone | Stucco

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Baseboard heaters, Forced air, Electric, Natural gas

Fire place(s)

-