Address
438 Lewis Street, Ottawa, ON
Price
$ 1,150,000

Your Agent

Casey McGowan

Team Leader - Sales Representative

613-704-3063


Listing provided by Casey McGowan, Team Leader - Sales Representative, REMAX Hallmark Realty Group

Property Attributes
  • ID#X13773320
  • TypeMulti-Family
  • Listing Status Active
  • MunicipalityOttawa
  • CityOttawa
  • Area4103 - Ottawa Centre
  • Neighbourhood4103 - Ottawa Centre
  • Postal CodeK2P 0T3
  • Style
  • Price$ 1,150,000
  • Bedrooms5
  • Bathrooms5
  • Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
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. (id:7434)

General Features

Features Lane
Property Type Multi-family
CommunityName 4103 - Ottawa Centre
Building Cooling Type None
Location Description Cross Streets: Lewis St & O'Connor. ** Directions: From O' Connor, turn onto Lewis.
Parking Space Total 3
Foundation Type Stone, Concrete
Building Type Other
Building.StoriesTotal 2

Interior Features

Building Fireplace Present False
Building Heating Type Baseboard heaters
Building Heating Fuel Electric
Basement Type Crawl space
Living Area Range 2000
Bedrooms 5

Exterior Features

Sewer Sanitary sewer
Exterior Finish Brick

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 Multi-Family Average in K2P 0T3

Price
AVG $1.15M
$1.15M

Your Agent

Casey McGowan

Team Leader - Sales Representative

613-704-3063


Listing provided by Casey McGowan, Team Leader - Sales Representative, REMAX Hallmark Realty Group

Listed By
SUTTON GROUP - OTTAWA REALTY

Areas We Cover