438 Lewis ST, Ottawa Centre, ON K2P 0T3
438 Lewis ST, Ottawa Centre, ON K2P 0T3
438 Lewis ST, Ottawa Centre, ON K2P 0T3
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Christine Domina

Christine Domina

+1(416) 873-4747
$1,150,000
Est. payment /mo
5 Beds
5 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision 4103 - Ottawa Centre

MLS Listing ID X13773320

Style 2-Storey

Bedrooms 5

Annual Tax Amount $7,817

Tax Year 2026

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room No

Basement Crawl Space

Kitchen 5

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Electric

Exterior

Parking Features Lane

Pool None

Roof Type Asphalt Rolled

Lot Frontage 33.1

Lot Depth 99.0

Total Parking Spaces 3

Building

Foundation Stone, Concrete

Others

ParcelsYN No

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Listed by SUTTON GROUP - OTTAWA REALTY

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor License ID: 9603994

Realtor License ID: 9603994

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