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    For Sale - 438 Lewis Street, Ottawa Centre, Ontario

    Est payment $5,522/mo
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    Time on Jump  28 day

    AI Summary *

    • Fully occupied five-unit apartment building with immediate income potential.
    • Over $300k in improvements made in the last decade.
    • Annual gross income exceeding $79,000 from diverse units.
    • Strategic location with a perfect Walk Score of 100.
    • Potential for redevelopment by combining with neighboring properties.




    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 IDX13773468
    Address438 Lewis Street
    CityOttawa Centre, Ontario
    Price$1,150,000
    Bed / Bath5 / 5 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling BaseboardHeating Fuel Electric

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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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