LOADING

501 Lyon Street Ottawa, Ontario K1R 5X6

None Forced Air

$1,069,800

Triplex alteration 90% complete and prepared so you can produce a 6%+ cap rate!! Rents conservatively based on 3units @2100/unit. Tenants pay gas and hydro. All living space above grade. NO BASEMENT UNIT. This classic Victorian building underwent an overhaul in 2017 including a 3 storey addition, attic conversion, 3 separate gas furnaces, fire escapes and balconies, fully re-wired, plumbed, many windows, and separate laundry. Currently set us as legal duplex with one large 4 bedroom 3 BATH unit (2 storey) , and another 2 bedroom unit. Opportunity is there (including 3rd kitchen rough-in and meters) to easily convert to three units. Never a vacancy. 3 hydro meters, and space for the 3rd gas meter when it's time. Tandem parking for 2 cars. Excellent investment in Downtown Ottawa! View slideshow for some extra pics! Maximize Rents and choose your own tenants in Centretown! (id:28469)

Virtual Tour

Property Details

MLS® Number 1405799
Property Type Multi-family
Neigbourhood Centretown
AmenitiesNearBy Shopping
ParkingSpaceTotal 2

Building

BasementDevelopment Unfinished
BasementType Full (unfinished)
ConstructedDate 1907
CoolingType None
ExteriorFinish Brick, Siding
FlooringType Hardwood, Tile
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 3
Type Duplex
UtilityWater Municipal Water

Parking

Open

Land

AccessType Highway Access
Acreage No
LandAmenities Shopping
Sewer Municipal Sewage System
SizeDepth 66 Ft
SizeFrontage 33 Ft
SizeIrregular 33 Ft X 66 Ft
SizeTotalText 33 Ft X 66 Ft
ZoningDescription R4s[478]
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association

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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)


October 22 2024 01:12:51

Ottawa Real Estate Board

RE/MAX Hallmark Realty Group