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438 Lewis Street, Ottawa, ON — photo 1
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$1,150,000

Active
438 Lewis Street, Ottawa, ON· Ottawa Centre
5
Bedrooms
5
Bathrooms
2000-2500
Sq Ft
$460–$575
Per Sq Ft
3
None Parking

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About this Property

  • Additional income may be available from the on-site parking

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.

Listed by SUTTON GROUP - OTTAWA REALTY · MLS# X13773320

Features & Details

Property details of 438 Lewis Street, Ottawa, ON

Property TypeMultiplex
Style2-Storey
Size2000-2500 sq ft
BasementCrawl Space
Total Parking3

Location

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Mortgage Calculator

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%
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Mortgage Payment$5,650/monthly
Principal54%
Interest46%
Principal Amount$920,000
Interest$774,881
Total Payable$1,694,881
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$5,650
Mortgage + Expenses$5,650
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$
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Monthly Cash Flow-$5,650

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
+1 (613) 804-9117ak@realtorakash.ca
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

$1,150,000

438 Lewis Street, Ottawa, ON