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Est. payment /mo
New
438 Lewis ST Ottawa Centre, ON K2P 0T3
5 Baths
2,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Subdivision 4103 - Ottawa Centre
MLS Listing ID X13773468
Annual Tax Amount $9,438
Tax Year 2026
Property Sub-Type Investment
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
Zoning TBC N4
Rooms
Kitchen 5
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 33.1
Lot Depth 99.0
Others
ParcelsYN No
Listed by SUTTON GROUP - OTTAWA REALTY