48 Louisa Street

Introducing an exceptional investment opportunity: a Multi-Family Home for sale in Ottawa , located at 48 Louisa Street, Ottawa. This remarkable multiplex, set within the vibrant community of 4205 - West Centre Town, is ideally positioned on an oversized lot measuring 50 feet by 92 feet. The property boasts a rich history, being over 100 years old, yet it has been well-maintained and offers significant potential for both current and future returns.

This Multi-Family Home for sale in Ottawa features a well-structured two-storey building that houses a total of four units, making it an attractive option for investors seeking to capitalise on the thriving rental market in this area. The building is clad in durable vinyl siding, ensuring both aesthetic appeal and low maintenance. With a total of ten rooms, including four kitchens, this property is designed to accommodate multiple families comfortably.

As you explore the units within this Multi-Family Home for sale in Ottawa, you will discover a variety of layouts that cater to different lifestyles. The first apartment is particularly impressive, featuring two spacious bedrooms, an oversized family room, and a modern bathroom. This unit also includes a charming front yard patio area, making it an inviting space for tenants. Currently rented at £2,300 per month, with all utilities such as electricity, heat, and water included, this unit represents a solid income stream.

The second apartment is a bachelor suite that offers convenient balcony access and a well-appointed bathroom. This unit is currently rented for £1,350 per month, also inclusive of utilities, making it an attractive option for single professionals or couples looking for a compact living space.

The third apartment is a one-bedroom unit that includes a den, perfect for those who require a home office or additional storage space. This unit is rented at £1,486 per month, with a scheduled increase to £1,523 on January 1st, 2025, again with all utilities covered. This demonstrates the strong rental demand in the area and the potential for continued growth in rental income.

The fourth apartment features two bedrooms and one bathroom, along with a private exclusive yard, offering tenants a sense of privacy and outdoor space. Currently rented at £1,194 per month, with hydro costs covered by the tenant, this unit adds to the overall appeal of the property.

In addition to the rental units, the property includes shared pay-per-use laundry facilities in the partially finished basement, which contribute approximately £800 in yearly income. The property also offers parking for up to four vehicles, ensuring convenience for tenants in this bustling neighbourhood.

While this Multi-Family Home for sale in Ottawa does not include a pool, fireplace, or central vacuum system, it does feature central air conditioning, ensuring comfort during the warmer months. The property is unfurnished, allowing new owners to personalise the space according to their preferences.

The location of 48 Louisa Street, Ottawa, is another significant advantage. Situated within walking distance of Little Italy, residents can enjoy a vibrant community filled with restaurants, cafes, and shops, appealing to young professionals and families alike. The property is also connected to municipal water and sewer services, further enhancing its desirability.

In summary, this Multi-Family Home for sale in Ottawa at 48 Louisa Street, Ottawa, presents a unique opportunity for savvy investors. With its well-maintained units, strong rental history, and prime location, this property is poised for both immediate income and long-term appreciation. Do not miss your chance to explore this outstanding investment—book your private showing today!

West Centre Town, located in the heart of Ottawa, is a vibrant and diverse neighbourhood that offers a unique blend of urban living and community charm. Characterised by its tree-lined streets and a mix of historic and modern architecture, this area is conveniently situated near the bustling downtown core, providing easy access to a wealth of amenities, including shops, cafes, and cultural attractions. Residents can enjoy leisurely strolls to nearby parks or along the scenic Rideau Canal, especially popular during the warmer months. With a strong sense of community spirit and a variety of housing options, West Centre Town is an inviting place for those seeking a dynamic urban lifestyle while still feeling connected to nature and local culture.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Just 0.4 km away is R.H. Murray Public School, which serves grades K to 8 under the Rainbow District School Board. For secondary education, Glebe Collegiate Institute is only 0.9 km from the property, offering grades 9 to 12 with a commendable school rating of 7.7. Additionally, Devonshire Community Public School, also 0.9 km away, provides French language instruction for grades JK to 6 and boasts an impressive rating of 8.5. St. Anthony School, a Catholic institution located a mere 0.2 km from the property, caters to JK to 6 students and has a solid rating of 7.5. Fisher Park Public School, located 2.1 km away, offers French instruction for grades 7 to 8 but currently has no rating available. Lastly, Immaculata High School, situated 2.2 km from the property, serves grades 7 to 12 under the Ottawa Catholic School Board with a rating of 5.8. Overall, this area offers a diverse range of schooling options, ensuring quality education for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 404 residents, with an average household size of 1.9. The community is relatively young, with an average age of 38 years. The average household income stands at $77,000, though 17% of the population is classified as low-income. The real estate market reflects a high average property price of $760,000, which may indicate a competitive housing environment. A significant portion of the population, 56.94%, is single, while 27.78% of households include children. The demographic makeup includes a notable immigrant presence, accounting for 29.58% of residents. Renters dominate the housing landscape, comprising 71.05% of the population, and there are no condos available in the area. Educational attainment is high, with 63.33% of residents holding a college or university degree. However, 25% of the population is not in the labor force, which may reflect varying levels of employment opportunities or personal circumstances. Overall, this demographic snapshot reveals a diverse and educated community with a mix of single individuals and families, alongside a predominance of renters in a relatively affluent neighborhood.