For Sale
$315,000
18 Nepean Street 701
1 bd
1 ba
Owner
Ottawa Centre
For Sale
1 of 20
Photo 1
$1,150,000
438 Lewis Street
438 Lewis Street
5 beds
5 baths
Tenant
Property facts
- Property type
- Tenant
- Bedrooms
- 5
- Bathrooms
- 5
- Parking
- lane
- Taxes (as supplied)
- 2026
Only details supplied with this listing are shown. Ask the listing contact to confirm measurements, taxes and costs.
About this home
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.
Location
Map coordinates have not been supplied for this listing.
Search the supplied address in mapsListing information
- Original source
- ottawa-centre.listing.ca
- Added to Mirror
Added and updated dates describe the Mirror record. Source publication and verification dates are shown separately when known; none establishes time on market. Confirm current price and availability with the listing contact.
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