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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$1,150,000
Available - For Sale
Listing ID: X13773468
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.
Price $1,150,000
Taxes: $9,438.55
Tax Type: Annual
Assessment Year: 2026
Occupancy by: Tenant
Address: 438 Lewis Street , Ottawa Centre, K2P 0T3, Ottawa
Postal Code: K2P 0T3
Province/State: Ottawa
Legal Description: PT LT 8, PL 12 , PART 1 & 2 , 4R9548 , S
Directions/Cross Streets: Lewis St & O'Connor
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 2,500
Total Area Code:  Square Feet
Financial Statement: F
Franchise: F
 Management Expense: 3177
Maintenance: 0
Water Expense: $1826
Expenses Actual/Estimated: $Est
Heat Type: Baseboard
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SUTTON GROUP - OTTAWA REALTY

438 Lewis Street , Ottawa Centre, K2P 0T3, Ottawa

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Stan Khurana
Sales Representative
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6473836000
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905-883-1988

 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
Style:
Lot Size: x 99.00(Feet)
Approximate Age:
Tax: $9,438.55
Maintenance Fee: $0
Beds: 0
Baths: 5
Garage: 0
Fireplace: N
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