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

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