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:55689)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13773468 |
| Property Type | Multi-family |
| Neigbourhood | Golden Triangle |
| Community Name | 4103 - Ottawa Centre |
| Parking Space Total | 3 |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 5 |
| Cooling Type | None |
| Heating Type | Baseboard Heaters |
| Size Interior | 2,500 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 99 Ft |
| Size Frontage | 33 Ft ,1 In |
| Size Irregular | 33.1 X 99 Ft |
| Size Total Text | 33.1 X 99 Ft |
| Zoning Description | Tbc N4 |
https://www.realtor.ca/real-estate/30267034/438-lewis-street-ottawa-4103-ottawa-centre
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September 11 2026 06:23:34
Ottawa Real Estate Board
Sutton Group - Ottawa Realty