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Listed price in listed location currency (CAD).
$1,150,000

553

MLS® X13773468

Overview

Key Facts

Type 
Levels Commercial Sale
Size -
Garage None
Taxes $9,439
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13773468

Property Address: 438 Lewis St, Ottawa, ON, K2P0T3

Average square foot calculated using Size range provided by listing agent.

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. Contact the listing agent for further details regarding the potential land assembly, the rent roll & operating expenses.
MLS® NumberX13773468
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
HeatElectric, Baseboard
A/CNo

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $1,150,000

For Sale · 0 days

$1,150,000

MLS® X13773468

3 hours ago

Not Sold Yet

September 2026, For Sale for $1,150,000

For Sale · 0 days

$1,150,000

MLS® X13773468

3 hours ago

Not Sold Yet

November 2024, Withdrawn for $1,175,000

Withdrawn · 128 days

$1,175,000

MLS® X9516252

2 years ago

Canceled on Nov 30, 2024

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