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.
For sale
C$1,595,000
488 Lisgar St #486, Ottawa, ON K1R 5H3
8beds
4baths
Quadruplex
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Laundry and rear deck
- 73 days
- on Zillow |
- 41 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: June 18, 2025 at 01:11pm
Listed by:
ROYAL LEPAGE PERFORMANCE REALTY
Source: TRREB,MLS®#: X12182254
Originating MLS®#: Ottawa Real Estate Board

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Gas
Cooling
- None
Features
- Flooring: Carpet Free
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Living area range: 3500-5000 null
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: Private
Features
- Stories: 3
- Pool features: None
Lot
- Size: 3,990.55 Square Feet
Details
- Parcel number: 041140156
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick
- Foundation: Stone
- Roof: Flat
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Ottawa
Financial & listing details
- Annual tax amount: C$10,613
- Date on market: 5/29/2025
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