438 Lewis Street Ottawa, Ontario K2P 0T3
$1,150,000
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. (id:37072)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X13773468 |
| Property Type | Multi-family |
| Neigbourhood | Golden Triangle |
| Community Name | 4103 - Ottawa Centre |
| ParkingSpaceTotal | 3 |
Building
| BathroomTotal | 5 |
| BedroomsTotal | 5 |
| CoolingType | None |
| HeatingType | Baseboard Heaters |
| SizeInterior | 2500 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 99 Ft |
| SizeFrontage | 33 Ft ,1 In |
| SizeIrregular | 33.1 X 99 Ft |
| SizeTotalText | 33.1 X 99 Ft |
| ZoningDescription | Tbc N4 |
https://www.realtor.ca/real-estate/30267034/438-lewis-street-ottawa-4103-ottawa-centre
Interested?
Contact us for more information
Gershon Thambiah
Salesperson
300 Richmond Rd Unit 400
Ottawa, Ontario K1Z 6X6
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September 11 2026 06:23:34
Ottawa Real Estate Board
Sutton Group - Ottawa Realty