Active
501 LYON STREET
Ottawa Ontario, K1R5X6
C$1,069,800
Active
Residential
Built in 1907
Courtesy of RE/MAX HALLMARK REALTY GROUP
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:41202)
1405799
MLSⓇ ID
October 23, 2024
Updated
Map
501 LYON STREET
Ottawa Ontario, K1R5X6
Interior Features
Total Stories
3
Floor Description
Hardwood, Tile
Fireplace
No
Cooling
Yes
Cooling Description
None
Heating
Yes
Heating Description
Forced air, Natural gas
Exterior/Building Features
Sewer
Municipal sewage system
Other Property Details
Association Amenities
Shopping
Garage
No
Parking Total
2
View
No
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/22/2024 | Price change | $1,069,800 -1% |
Courtesy of RE/MAX HALLMARK REALTY GROUP
The trademarks MLS®, REALTOR®, and the associated logos are owned or controlled by The Canadian Real Estate Association. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association
©2024 Canadian Real Estate Association. All rights reserved.