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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.

Public records · not part of the MLS® listing

Before you offer: public records for this address

Looking up flood, heritage, permits and planning records…