$1,150,000
( $460.00Per Sq Foot )
 $6,173 est/mo Sourced by Back At You

438 Lewis Street,Ottawa Centre, ON K2P 0T3

Ottawa Centre, ON K2P 0T3

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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.

Details

MLS #X13773468
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site49
Listing Provided BySUTTON GROUP - OTTAWA REALTY | X13773468 507803

Features

Bed(s)5
Bath(s)5
SQ Feet2,500
Acreage0.06

Interior

CoolingNo
Heat SourceElectric

Utilities

UtilitiesYes

Taxes

Tax Annual Amount9438.55
Tax TypeAnnual
Tax Legal DescriptionPT LT 8, PL 12 , PART 1 & 2 , 4R9548 , S/S OF LEWIS STREET ; OTTAWA/NEPEAN
Tax Year2026

Area Information

ProvinceON
CountyOttawa
CityOttawa Centre
Postal CodeK2P 0T3
Area4103 Ottawa Centre
Listing VS Median (in K2P 0T3)
Price:
$1,150,000
low | high
Med:
$1,150,000
50% of Average
sqft:
2,500
low | high
Med:
2,500
50% of Average
$ / sqft:
$460
low | high
Med:
$460
50% of Average
On site:
49
low | high
Med:
49
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

SUSAN THEMELKOS

SUSAN THEMELKOS

Coldwell Banker The Real Estate Centre

 (416) 456-2167sthemelkos@me.com
ProvinceON
CountyOttawa
CityOttawa Centre
Postal CodeK2P 0T3
Area4103 Ottawa Centre
Listing VS Median (in K2P 0T3)
Price:
$1,150,000
low | high
Med:
$1,150,000
50% of Average
sqft:
2,500
low | high
Med:
2,500
50% of Average
$ / sqft:
$460
low | high
Med:
$460
50% of Average
On site:
49
low | high
Med:
49
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $862K - $1.437M
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
304 O'Connor Street Property Photo 1
$975,000
304 O'connor Street
Ottawa Centre, ON K2P 1V7
Listing Updated: October 26, 2026 at 5:02:32 PM PDT

SUSAN THEMELKOS - Coldwell Banker The Real Estate Centre