501 Lyon Street Ottawa, Ontario K1R 5X6
$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:37553)
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] |
https://www.realtor.ca/real-estate/27270938/501-lyon-street-ottawa-centretown
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