ACTIVE
See all 37 photosACTIVE · 65 days
$1,150,000See Homsy estimate →
438 Lewis StreetOttawa Centre, Ottawa, ON K2P 0T3 · Sale · MLS® X13773320
5Bedrooms
5Bathrooms
2000-2500Sq ft
3Parking
$460–$575Per sq ft
About this home
The homeTaxes$7,817/yr
Price per sq ft$460–$575
PossessionFlexible
All listing details
- 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.
- Property type
- Multiplex
- Style
- 2-Storey
- Heating
- Baseboard
- Air conditioning
- None
- Basement
- Crawl Space
- Garage
- None
- Parking spaces
- 3
- Central vac
- N
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The area
AreaUnavailablewalk to transit
Unavailablegrocery stores within 1 km
Unavailablepublic schools within 1 km
Unavailableparks within 1 km
Price & listing history
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Homsy estimate
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Cost to own
CostKnown monthly carrying costs
$651 / month
Property tax$651
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Sold nearby
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