$ 1,069,900
501 LYON STREET Ottawa, ON K1R5X6
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,069,900
Est. payment /mo
Active
501 LYON STREET Ottawa, ON K1R5X6
UPDATED:
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
Listed by RE/MAX HALLMARK REALTY GROUP