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.
5 bedrooms, 5 bathrooms, about 2,000 sq ft, works out to roughly $575 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 438 Lewis St
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
3 spaces
Basement
Crawl Space
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Multiplex
438 Lewis St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13773320$1,150,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 438 Lewis St Compares to the Ottawa Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$5,650
/mo
based on the purchase price of $1,150,000
$230,000 cash
$920,000 financed
$774,881 total interest
Principal54%$920,000
Interest46%$774,881
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Ottawa
Other 6-bed homes for sale in Ottawa around $1.1M.
Average days on market42Homes sold in about 42 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings247Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with May 7 – Aug 5, 2026: prices up.
Based on 130 sales from Aug 5 – Nov 3, 2026 (112 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
438 Lewis St is listed at $1,150,000 (MLS® X13773320). Summitly updates the price as soon as the MLS® record changes.
Is $1,150,000 a good price for 438 Lewis St?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Ottawa. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 438 Lewis St changed?
No — 438 Lewis St is still listed at its original asking price of $1,150,000.
How many bedrooms and bathrooms does 438 Lewis St have?
438 Lewis St has 5 bedrooms and 5 bathrooms, with about 2,000–2,500 square feet of living space. It is a multiplex in Ottawa.
Is 438 Lewis St close to transit?
The nearest rapid-transit station is Parliament Station (O-Train Line 1), about 910 m (about a 11-minute walk) in a straight line. Lyon Station is about 1.0 km (about a 13-minute walk), and UOttawa Station is about 1.1 km (about a 14-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 438 Lewis St?
About $5,650 a month — principal and interest on $1,150,000 with 20% down ($230,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 438 Lewis St compare with other homes in Ottawa?
Its asking price of $1,150,000 is about 161% above the median sold price in Ottawa over the last 90 days, $441,000, across 130 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 438 Lewis St been sold before?
Summitly has no earlier MLS® sale or lease of 438 Lewis St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 438 Lewis St?
438 Lewis St is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 438 Lewis St been on the market?
58 days — 438 Lewis St was listed on September 6, 2026.
What is the price per square foot of 438 Lewis St?
About $460 to $575 per square foot: the asking price of $1,150,000 over the 2,000–2,500 sq ft the listing gives as its size range.
