438 Lewis Street, Ottawa Centre, ON K2P 0T3
Ottawa Centre, ON K2P 0T3
About this property
Turnkey five-unit apartment building in Centretown offering immediate income and longer-term development potential. Over 300k in capital improvements over the last 10 years.The property is fully occupied and consists of three one-bedroom apartments and two bachelor units, with annual gross income of just over $79,000. The property may qualify for attractive CMHC MLI Select financing. Tenants pay their own hydro, while the landlord pays for heat and water. Additional income may be available from the on-site parking. The property sits on a 33' 99' lot and may be assembled with adjoining properties to create a development site of approximately 13,000 square feet. This property has a Walk Score of 100/100! Ideally located within walking distance of downtown, public transit, restaurants, shops and other amenities. A strong opportunity to acquire a stabilized income property with financing, rental and redevelopment upside.
Property facts & features
- Property type
- Multiplex
- MLS® number
- X13773320
- Source status
- New
- Bedrooms
- 5
- Bathrooms
- 5
- Reported interior area
- Not provided
- Neighbourhood
- Not provided
- Postal code
- K2P 0T3
- Parking spaces
- 3
- Garage
- None
- Lot depth (source units)
- 99
- Annual property tax
- 7817
- Basement
- Crawl Space
- Laundry
- Not provided
- Interior features
- None
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $1,150,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Ottawa Centre →Listing brokerage: SUTTON GROUP - OTTAWA REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13773320. Information deemed reliable but not guaranteed.