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
- Investment
- MLS® number
- X13773468
- Source status
- New
- Bedrooms
- 5
- Bathrooms
- 5
- Reported interior area
- 2500
- Neighbourhood
- Not provided
- Postal code
- K2P 0T3
- Garage
- None
- Lot depth (source units)
- 99
- Annual property tax
- 9438.55
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- 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.
Sign in to request eligible VOW access →Plan your monthly ownership costs
Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.
Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Location & neighbourhood
A verified map location is not yet available for this listing.
Transit stops, schools and commute information are unavailable until verified sources are connected. Optional overlays remain off.
Explore active properties in Ottawa Centre →Listing brokerage: SUTTON GROUP - OTTAWA REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13773468. Information deemed reliable but not guaranteed.