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. (id:67947)
| MLS® Number | X13773320 |
| Property Type | Multi-family |
| Neigbourhood | Golden Triangle |
| Community Name | 4103 - Ottawa Centre |
| Features | Lane |
| Parking Space Total | 3 |
| Bathroom Total | 5 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Basement Type | Crawl Space |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Stone, Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 2,000 - 2,500 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 99 Ft |
| Size Frontage | 33 Ft ,1 In |
| Size Irregular | 33.1 X 99 Ft |
| Size Total Text | 33.1 X 99 Ft |
https://www.realtor.ca/real-estate/30267026/438-lewis-street-ottawa-4103-ottawa-centre
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Nicolas SigounisREALTOR® · EXIT Realty Matrix, BrokerageBook a private showing or ask anything about this home. Nicolas will get back to you quickly.
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