Room 1
Level not provided
438 Lewis St
Ottawa Centre, Ottawa, Ontario K2P 0T3
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13773320
- Board
- TRREB MLS®
- Days on market
- Tax
- $7,817
- Size
- 2000-2500 sqft
- Lot
- 33.1 × 99 Feet
- Parking
- None, 3 Parking
Listing History
Buy/Sell history for 438 Lewis St, Ottawa, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $1,150,000 | N/A | For Sale | X13773320 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Multiplex
- Style
- 2-Storey
- Community
- Ottawa Centre
- Municipality
- Ottawa
Inside
- Bedrooms
- 5
- Bathrooms
- 5
- Bathroom Detail
- 5, 3pc
- Basement Type
- Crawl Space
- Kitchens
- 5
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Baseboard
Building
- Size
- 2000-2500 sqft
- Construction
- Brick
Parking
- Driveway
- Lane
- Garage Type
- None
- Add. Parking
- 3
- Total Parking
- 3
Land
- Sewer
- Sewers
- Lot Size
- 33.1 × 99 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Stone, Concrete
- Roof
- Asphalt Rolled
- Fireplace
- N
- Pool
- None
- Den
- N
- Family room
- N
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$5,272
- Down payment$230,000
- Mortgage amount$920,000
- Total interest$661,600
- Total cost$1,811,600
Cash flow analysis
$5,272
Total monthly payment
$5,923
Break-even down payment
100%
Cash flow-$5,923
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
04 / Local performanceMarket detailsNeighbourhood price and activity trends
Expand Market details to load neighbourhood price and activity trends.
$1,150,000
$1,150,000
CAD
Estimated market value
Inquire about this listing
Connect directly with Sasha Vella.
Similar active listings
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.