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$1,150,000

438 LEWIS STREET, Ottawa

5 Beds • 5.0 Baths • 2,500 Sq Ft • Multi-Family
MLS# X13773468
Listed by SUTTON GROUP - OTTAWA REALTY
  • Multi-Family
  • Spacious 5-bedroom layout
  • Ottawa location
613-369-5199

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About This Property

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:66401)

Property Details

Bedrooms 5
Bathrooms 5.0
Living Area 2,500 sq ft
Property Type Multi-Family

Location

438 LEWIS STREET, Ottawa, Ontario, K2P0T3

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Regarding: 5 Bed, 5 Bath Multi-Family for Sale in Ottawa – 438 LEWIS STREET, Ottawa – MLS# X13773468

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