Don't miss this fantastic Investment Opportunity! All brick side-by-side 3 Storey Fourplex, located in the heart of Centretown. Well-maintainted, 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.
8 bedrooms, 4 bathrooms, about 3,500 sq ft, works out to roughly $386 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.Ask Zara a follow-up
Inside 486-488 Lisgar St
Every detail from the listing, in one place.
Type
Fourplex
Style
3-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
6 spaces
Basement
Partially Finished
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Partially Finished
Lot & land
Lot size (sqft)
3972
Listing & possession
Property style
3-Storey
Property class
Fourplex
486-488 Lisgar St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13875382$1,350,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 486-488 Lisgar St Compares to the Ottawa Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$6,632
/mo
based on the purchase price of $1,350,000
$270,000 cash
$1,080,000 financed
$909,643 total interest
Principal54%$1,080,000
Interest46%$909,643
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from PropTx or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from PropTx or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from PropTx, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 486-488 Lisgar St
Homes for sale in Ottawa
Every active Ottawa MLS® listing, updated all day.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings252Homes for sale here right now.
Median vs prior 90 days+6.3%Compared with Apr 11 – Jul 10, 2026: prices up.
Based on 150 sales from Jul 10 – Oct 8, 2026 (98 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
486-488 Lisgar St is listed at $1,350,000 (MLS® X13875382). Summitly updates the price as soon as the MLS® record changes.
Is $1,350,000 a good price for 486-488 Lisgar St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Ottawa. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 486-488 Lisgar St changed?
No — 486-488 Lisgar St is still listed at its original asking price of $1,350,000.
How many bedrooms and bathrooms does 486-488 Lisgar St have?
486-488 Lisgar St has 8 bedrooms and 4 bathrooms, with about 3,500–5,000 square feet of living space. It is a fourplex in Ottawa.
Is 486-488 Lisgar St close to transit?
The nearest rapid-transit station is UOttawa Station (O-Train Line 1), about 330 m (about a 4-minute walk) in a straight line. Rideau Station is about 690 m (about a 9-minute walk), and Parliament Station is about 990 m (about a 12-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 486-488 Lisgar St?
About $6,632 a month — principal and interest on $1,350,000 with 20% down ($270,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 486-488 Lisgar St compare with other homes in Ottawa?
Its asking price of $1,350,000 is about 192% above the median sold price in Ottawa over the last 90 days, $462,500, across 150 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 486-488 Lisgar St been sold before?
Summitly has no earlier MLS® sale or lease of 486-488 Lisgar St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 486-488 Lisgar St?
486-488 Lisgar St is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 486-488 Lisgar St been on the market?
486-488 Lisgar St was listed today (October 8, 2026).
What is the price per square foot of 486-488 Lisgar St?
About $270 to $386 per square foot: the asking price of $1,350,000 over the 3,500–5,000 sq ft the listing gives as its size range.
