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    For Sale - 438 Lewis Street, Ottawa Centre, Ontario

    Est payment $5,522/mo
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    Time on Jump  17 day

    AI Summary *

    • Turnkey five-unit apartment building offering immediate income and investment potential.
    • Fully occupied with three one-bedroom and two bachelor apartments.
    • Annual gross income exceeds $79,000, with tenants covering hydro costs.
    • Located on a prime 33' x 99' lot with a Walk Score of 100.
    • Potential for development with adjoining properties for a larger site.




    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 IDX13773320
    Address438 Lewis Street
    CityOttawa Centre, Ontario
    Price$1,150,000
    Bed / Bath5 / 5 Full
    Style2-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdBasement Crawl SpaceFoundation Stone, ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 3.00
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    Listing Brokerage: SUTTON GROUP - OTTAWA REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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