438 Lewis Street
Ottawa Centre, ON
- 5 bed
- 5 bath
- 2,500 sqft
- Investment
- 8 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)
- $9,439
- Listed
- September 11, 2026
Price History
Listing history
Sign in to view
Property
- Lot Size
- 33.1 x 99 Feet
Parking
- Garage
- None
Utilities
- Heat Source
- Electric
Location & Legal
- Cross Street
- Lewis St & O'Connor
- Zoning
- TBC N4
- Parcel Number
- 041190104
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
Included
- Exclusions
- Tenant belongings
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
Commercial in Ottawa Centre · last 12 months
- Median sold price
- $442,500
- Homes sold
- 379
- Median days on market
- 32
- Sale-to-list price
- 97.1%
Based on 379 recorded sales of commercial 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
Commercial figures
- Building area
- 2,500 sq ft
- Price per sq ft
- $460.00
- Annual property tax
- $9,439
- Tax per sq ft
- $3.78
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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