438 LEWIS STREET
Ottawa, Ontario
MLS® X13773468
$1,150,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13773468
- Bedrooms
- 5
- Bathrooms
- 5
- Year built
- —
1 / 37Listing 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.
Property summary
- MLS® number
- X13773468
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 2,500 sq ft
- Land size
- 33.1 x 99 FT
- Annual property taxes
- $9,438.55
- Parking
- 3 spaces
- Days on market
- 6 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- None
What would this home cost you?
Based on the $1,150,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of SUTTON GROUP - OTTAWA REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.