488 Albert Street

ADDRESS: 488 Albert Street, Ottawa, ON
PROPERTY TYPE: Multi-family
ZONING R5P [248] H(37) S146

Building and Area Highlights

Rarely available downtown walk-up apartment building for sale. Comprised of 13 units, this building was extensively renovated in 2012. Replacements include roof, electrical, fire system, heating system, etc. Prime location along the Ottawa O Train line (LRT) and walking distance to all downtown. Current rent well below market providing Buyers significant upside potential going forward. Given the current zoning the site provides possible redevelopment opportunities when combined with adjacent listing at 467 Slater Street.

Price: $3,250,000.00

Price Per Unit: $250,000/unit

Building Highlights

  • Renovated in 2012 – including the roof, fire system, electrical, and heating system
  • Laundry on-site
  • 13 Units

Area Highlights

  • Prime Centretown location, steps from Lyon O Train Station (LRT)
  • Redevelopment potential in a highly sought-after location
  • Walking distance to all of downtown Ottawa

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