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Business For Sale · Multifamily

486-488 LISGAR STREET, Ottawa

486-488 LISGAR STREET, Ottawa, ON K1R5H3

$1.4M total

3,918 SF

Asset Class

Multifamily

Size

3,918 SF

Building class

C

Zoning

RA9 — High Rise

$ / SF

$345

Occupancy

92%

About this property

Don't miss this fantastic Investment Opportunity! All brick side-by-side 3 Storey Fourplex, located in the heart of Centretown. Well-maintained, convenient walkable location attracts high-quality tenants. Severance into two semi-detached duplexes is also an option with separate 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. Income $107k. Parking for 6 vehicles at rear of property means additional parking income.An exceptional asset in an urban setting . 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. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.35M
Down payment30% · $405K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$54K

Annual cash flow

$-20K

Cash-on-cash

-5.06%

DSCR

0.73

Going-in cap

4.02%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics1,139 SF2027-05
Vector Robotics784 SF2027-05
Vector Robotics539 SF2027-05
Vector Robotics1,158 SF2027-05

Area demographics

Trade area within 3 miles of the property.

Population

75,818

Households

28,952

Median income

$80,000

Median age

43

Daytime population

94,607

5-yr growth

3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 486-488 LISGAR STREET, Ottawa.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.