$1,150,000
12.35 BTC
Photos
438 Lewis Street, Ottawa Centre
$1,150,000
PRICE
5
BEDROOMS
5
BATHROOMS
X13773320
MLSID

438 Lewis Street, Ottawa Centre

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.
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Summary

Address
438 Lewis Street
MLSID
X13773320
Property Type
Multiplex
Property Category
Bedrooms
5
Bathrooms
5
Kitchens
5
Taxes (Annual)
$7,817.00
Tax Year
2026
Published
September 11, 2026
Days on Market
2 Days
Possession Type
Flexible
Possession Details
Flexible
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Exclusions

Tenant belongings

Details

Basement
Crawl Space
Interior Features
None
Parking Spaces
3
Parking Total
3
Parking Features
Lane
Architectural Style
2-Storey
Roof
Asphalt Rolled
Construction Materials
Brick
Lot Width
33 Feet
Lot Depth
99 Feet
Water
Municipal
Heat Source
Electric
Heat Type
Baseboard
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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