438 Lewis Street, Ottawa Centre, ON K2P 0T3
Ottawa Centre, ON, K2P 0T3 · 4103 - Ottawa Centre
About this property
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.
Features & Amenities
- Basement: Crawl Space
- Garage: None
- Cooling: None
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 5 |
| Bathrooms | 5 |
| Basement | Crawl Space |
| Garage | None |
| Parking Spaces | 3 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $7,817 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Stone, Concrete
- Roof
- Asphalt Rolled
- Basement
- Crawl Space
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 3
- Parking Total
- 3.00
- Parking Features
- Lane
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 99.00
- Lot Width
- 33.10
Financial & Tax
- Tax Annual Amount
- $7,817
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 9
- Kitchens Above Grade
- 5
- Kitchens Total
- 5
- Bedrooms Above Grade
- 5
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Ottawa
- Cross Street
- Lewis St & O'Connor
- Directions
- From O' Connor, turn onto Lewis
- Special Designation
- Heritage
- Showing Requirements
- Showing System
Location
438 Lewis Street, Ottawa Centre, ON K2P 0T3, Ottawa Centre, ON, K2P 0T3