Multiplex · For sale
438 Lewis Street, Ottawa Centre
$1,150,000
Listing brokerage: SUTTON GROUP - OTTAWA REALTY · MLS® X13773320
Property report for this address · zoning, second units, flood, schools (public records)
- Listing brokerage
- SUTTON GROUP - OTTAWA REALTY
- Type
- Multiplex
- Deal
- For sale
- Category
- Residential · Multi-unit homes
- Bedrooms
- 5
- Bathrooms
- 5
- Size
- 2000-2500 sq ft
- Lot
- 33.1 x 99 ft
- Area
- 4103 - Ottawa Centre
- MLS® number
- X13773320
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.
The information provided herein is deemed reliable but is not guaranteed accurate by PROPTX.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
Public records · not part of the MLS® listing
Before you offer: public records for this address
Looking up flood, heritage, permits and planning records…
