$ 1,150,000
-
$1,150,000
Price -
5
Bed -
5
Bath -
2,000
SqFt -
0.08
Acre
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About the Listing 507803 -
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. Contact the listing agent for further details regarding the potential land assembly, the rent roll & operating expenses.
Listing Highlights for 438 Lewis St
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Electric
- Fireplaces:
- Floor:
- Basement: Crawl Space
- Other: 5 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Rolled
- Others:
- Sewer: Sewer
- Parking Features: Lane,No Garage
Financial Details
- Tax Amount: $7,817
- Taxes w/Assessments: N/A
- Tax/Property ID: 041190104
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
438 Lewis St Ottawa Centre, ON K2P 0T3
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