Salehian.com 647-325-5000

438 Lewis Street

4103 - Ottawa Centre, Ottawa Centre, K2P 0T3

$1,150,000

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  • 5 bedrooms
  • 5 bathrooms

Listed 39 days ago · MLS® X13773468

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 the rent roll & operating expenses.

Details

Type
Investment
Lot
33.1 × 99 ft
Garage
None
Kitchens
5
Property tax
$9,439 (2026)
Neighbourhood
4103 - Ottawa Centre
Municipality
Ottawa Centre

Interior

Bathrooms
5 × bathroom

Heating, cooling and services

Heating
Baseboard, Electric
Utilities
Yes

Building and exterior

Building area
2,500 Square Feet

More

Possession
Flexible
Cross street
Lewis St & O'Connor
Business type
Apts - 2 To 5 Units

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Parliament LRT14 min walk
  • 🚇 Lyon LRT16 min walk

Within a 10-minute walk: 7 grocery stores, 191 cafés and restaurants, 15 parks, 13 pharmacies. Nearest grocery: Herb & Spice (150 m). Nearest park: Jack Purcell Park (300 m).

Schools nearby

Elementary

  • Elgin Street Public School
    EQAO: Gr 6 reading 96%, math 84%    4 min walk
  • Centennial Public School
    EQAO: Gr 6 reading 79%, math 32%    15 min walk
  • Nouvelle école élémentaire catholique au coeur d'Ottawa French
    EQAO: Gr 6 reading 100%, math 100%    17 min walk
  • First Avenue Public School
    EQAO: Gr 6 reading 93%, math 67%    17 min walk

Secondary

  • Glashan Public School9 min walk
  • St. Patrick's Adult School Catholic10 min walk
  • Lisgar Collegiate Institute
    EQAO: Gr 9 math 73%, literacy test 91%    13 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K2P

Owners / renters
19% / 81%
Median household income
$66,500
Average age
40
Children under 15
5%
Homes
2% detached, 71% high-rise
Commute by transit
15%
Population
18,825

Languages spoken most at home besides English: Mandarin 1.2%, Spanish 1%, Arabic 0.9%, Yue (Cantonese) 0.4%.

Safety

Crime Severity Index for Ottawa police: 52 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Ottawa: 1 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by SUTTON GROUP - OTTAWA REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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