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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
5 Bed, 5 Bath Commercial Property in Ottawa
About 438 Lewis Street
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, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this investment fits your budget and timing.
Inside 438 Lewis St
Every detail from the listing, in one place.
Type
Investment
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Investment
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® X13773468$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.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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 8-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 listings241Homes 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.
Questions About 438 Lewis St
How much is 438 Lewis St listed for?
438 Lewis St is listed at $1,150,000 (MLS® X13773468). Summitly updates the price as soon as the MLS® record changes.
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. It is a commercial property in Ottawa.
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?
53 days — 438 Lewis St was listed on September 11, 2026.
What is the land transfer tax on 438 Lewis St?
About $19,475 in Ontario land transfer tax at the asking price of $1,150,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 438 Lewis St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 438 Lewis St?
The listing for 438 Lewis St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Ottawa.
When was 438 Lewis St built?
The listing for 438 Lewis St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.