Just Listed
Address
438 Lewis Street, Ottawa Centre, ON
Price
$ 1,150,000
Property Attributes
- ID#X13773468
- TypeCommercial
- Listing Status New
- CityOttawa Centre
- Area4103 - Ottawa Centre
- Neighbourhood4103 - Ottawa Centre
- Postal CodeK2P 0T3
- StyleApts - 2 To 5 Units
- Taxes$ 9438
- Price$ 1,150,000
- Bedrooms5
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage2500
Data Source:
Toronto Real Estate Board (TRREB)
Property 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.
| Price History | |
|---|---|
| 9/11/2026 | Listed $1,150,000 |
General Features
| Cooling | No |
|---|---|
| Utilities | Yes |
| Heater Type | Baseboard |
| Parking Spaces | 3 |
| Expenses | Estimated |
| Property Subtype | Investment |
| Tax Year | 2026 |
| Lot Depth | 99.0 |
| Business Type | Apts - 2 To 5 Units |
| County | Ottawa |
| Insurance Expense | 5733.72 |
| New Construction | No |
| Property Type | Commercial |
| Attached Garage | No |
| Garage Y/N | No |
| Status | New |
| City | Ottawa Centre |
| Senior Community Y/N | No |
| Lot Size Units | Feet |
| Property Attached Y/N | No |
| Tax Annual Amount | 9438.55 |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Legal Description | PT LT 8,PL 12,PART 1 & 2,4R9548,S/S OF LEWIS STREET ; OTTAWA/NEPEAN |
Interior Features
| Heat Source | Electric |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 5 |
| Elevator? | No |
| Total Baths | 5 |
| Bedrooms | 5 |
Exterior Features
| Garage Type | None |
|---|---|
| Spa | No |
| Building Area Total | 2500.0 |
| Lot Size Source | MPAC |
| Waterfront Y/N | No |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in K2P 0T3
Price
Taxes
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating