37
$1,150,000 Sale
Listed 45 days ago
438 Lewis Street
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Listing History
Buy/Sell/Terminated/Expired listing history for 438 Lewis Street
Key Facts
Key facts for 438 Lewis Street
Property Type
Commercial
Parking
None
MLS #
X13773468
Size
-
Basement
-
Listed on
2026-09-11
Lot size
33 x 99.0
Tax
$9,438.55 /yr
Days on Market
46
Approximate Age
-
Maintenance Fee
-
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.
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Courtesy of: SUTTON GROUP - OTTAWA REALTY