438 Lewis Street
Ottawa Centre, ON
- 5 bed
- 5 bath
- approx. 2000-2500 sqft
- Multiplex
- 12 days on market
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.
Listing Details
- Taxes (2026)
- $7,817
- Listed
- September 6, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Rolled
- Foundation
- Stone, Concrete
- Interior
- None
- Lot Size
- 33.1 x 99 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Lewis St & O'Connor
- Parcel Number
- 041190104
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- Tenant belongings
- Rental Items
- None
Schools
Elementary
- Elgin Street Public School0.4 km
Public · Ottawa-Carleton DSB · 370 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 84% met the provincial standard
- Glashan Public School0.5 km
Public · Ottawa-Carleton DSB · 315 students
- Richard Pfaff Intermediate School0.9 km
Public · Ottawa-Carleton DSB
Secondary
- Lisgar Collegiate Institute0.8 km
Public · Ottawa-Carleton DSB · 960 students
Grade 10 literacy: 91% met the provincial standard
- Richard Pfaff Secondary Alternate Site0.9 km
Public · Ottawa-Carleton DSB · 225 students
- Immaculata High School1.1 km
Catholic · Ottawa CSB · 855 students
Grade 10 literacy: 87% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K2P
- Population
- 18,825
- Private dwellings
- 14,113
- Median age
- 34.4
- Average household size
- 1.5
- Median household income
- $66,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Ottawa Centre · last 12 months
- Median sold price
- $442,500
- Homes sold
- 375
- Median days on market
- 33
- Sale-to-list price
- 97.1%
Based on 375 recorded sales of residential freehold properties in Ottawa Centre over the last 12 months.
Listed by
SUTTON GROUP - OTTAWA REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$230,000
Estimated Monthly Payment
$5,650
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,650/mo (20% down, 5.5%)
Taxes: $651/mo · Insurance: $288/mo
Estimates only. Consult a financial advisor.
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