501 LYON STREET Active Save Request In-Person Tour Request Virtual Tour
Ottawa,ON K1R5X6
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Centretown
MLS Listing ID 1405799
Originating Board Ottawa Real Estate Board
Year Built 1907
Property Description
View slideshow for some extra pics! Maximize Rents and choose your own tenants in Centretown! With a slight alteration this property can produce a 6%+ cap rate!! (based on 3units @2100/unit) Location ++ walking distance to trendy Bank St, Parliament hill, the Glebe, Lansdowne and close to both Universities. This classic Victorian building underwent an overhaul in 2017 including a 3 storey addition making for open living spaces, and good sized bedrooms. Easy to rent! Also in 2017, fully re-wired, plumbed, many windows, etc. Each unit has it’s own balcony and laundry too. Currently used 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, 3 heating systems (2017), and space for the 3rd gas meter when it's time. Excellent investment in Downtown Ottawa! (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling None
Flooring Hardwood,Tile
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 1
Private Pool No
Building
Story 3
Sewer Municipal sewage system