Mirna Botros

613-600-2626

438 Lewis Street - $1,150,000

438 Lewis Street - $1,150,000

438 Lewis Street

$1,150,000

4103 - Ottawa Centre

Ottawa, OntarioK2P0T3

5 beds

5 baths

3 parking

MLS#: X13773468Listed: about 2 hours agoUpdated:about 2 hours ago

Description

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:58075)

Details

Details for 438 Lewis Street, Ottawa, Ontario

Property Type: Multi Family
Building Type: Multi Family
Storeys: -
Neighborhood: 4103 - Ottawa Centre
Land Size: 33.1 x 99 FT
Year Built: -
Annual Property Taxes: $9,439
Parking Type: -

Inside

Appliances: -
Rooms: -
Bedrooms: 5
Bathrooms: 5
Fireplace: -
Fireplace Total: -
Basement: -

Building

Architecture Style: -
Direction: Cross Streets: Lewis St & O'Connor. ** Directions: From O' Connor to Lewis St.
Type of Dwelling: multi_family
Roof: -
Exterior: -
Foundation: -
Flooring: -

Land

Sewer: -
Lot Size: 33.1 x 99 FT
Zoning: -
Zoning Description: TBC N4

Parking

Features: -
Total Parking: 3

Utilities

Cooling: None
Heating: Baseboard heaters
Water: Municipal water

Feature Highlights

Community: -
Lot Features: -
Security: -
Pool: -
Waterfront: -

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