Office: 613.592.6400

Direct: 613.324.5472

501 LYON STREET
Ottawa, Ontario K1R5X6

$1,069,800

ID# 1405799

None Forced air

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:25961)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of RE/MAX HALLMARK REALTY GROUP

Listed on: August 08, 2024

On market: 105 days

Year Built	1907
Cooling Type	None
Flooring Type	Hardwood, Tile
Heating Type	Forced air
Heating Fuel	Natural gas
Stories Total	3

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LOOKING FOR SOMETHING SPECIFIC? LET ME KNOW AND I'LL FIND IT FOR YOU

CONTACT LISA TODAY

Get In Touch

Lisa Fitzpatrick ABR, SRS

Sales Representative

Office: 613.592.6400

Direct: 613.324.5472

info@lisafitzpatrick.ca

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501 LYON STREET Ottawa, Ontario K1R5X6

None Forced air

YOU MIGHT ALSO LIKE THESE LISTINGS

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1133 NORMANDY CRESCENT Ottawa $749,900 Beds: 3 Baths:2 Sq Ft:ArrayLisa Fitzpatrick | Sales Representative

129A CARTIER STREET Ottawa $1,495,000 Beds: 3 Baths:4 Sq Ft:ArrayJeff Hooper

204 ANTLER COURT Almonte $945,000 Beds: 4 Baths:4 Sq Ft:ArraySarah Mann

115 SIROCCO CRESCENT Ottawa $889,900 Beds: 4 Baths:4 Sq Ft:ArraySunny Arora

242 RIDEAU STREET UNIT802 Ottawa $469,900 Beds: 2 Baths:2 Sq Ft:ArrayJenniffer Alvarenga

72 WILLIAM STREET E Smiths Falls $250,000 Beds: Baths: Sq Ft:ArrayYetta (Jette) Dekker

560 RIDEAU STREET UNIT511 Ottawa $1,870 Beds: 0 Baths:1 Sq Ft:ArrayKiana Darvish-Mansoori

1356 MEADOWLANDS DRIVE E UNIT501 Ottawa $294,500 Beds: 2 Baths:1 Sq Ft:ArrayTom Bastien

366 GEORGE STREET Prescott $424,900 Beds: 5 Baths:3 Sq Ft:ArrayJEFF LISTON

1100 AMBLESIDE DRIVE UNIT607 Ottawa $319,900 Beds: 2 Baths:1 Sq Ft:ArrayAyn MacDonald

325 HASKINS ROAD Merrickville $1,200,000 Beds: 3 Baths:2 Sq Ft:ArrayRyan Wichers

87 GILBERTE STREET Rockland $549,900 Beds: 3 Baths:3 Sq Ft:ArrayPaul Rushforth

361 WHITBY AVENUE UNITA1 Ottawa $3,850 Beds: 3 Baths:3 Sq Ft:ArrayAlie Mansour

1695 OLD MONTREAL ROAD Ottawa $1,099,900 Beds: 4 Baths:5 Sq Ft:ArraySam Mezher

301 GOTHAM PRIVATE Ottawa $524,900 Beds: 2 Baths:2 Sq Ft:ArrayMike Scerbo

412 MONTREAL ROAD Ottawa $999,990 Beds: 3 Baths:2 Sq Ft:ArrayMarnie Bennett

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26 KING STREET Smiths Falls $649,900 Beds: 5 Baths:2 Sq Ft:ArrayLisa Anne Brennan-Trudel

795 MELFA CRESCENT Ottawa $3,699,000 Beds: 5 Baths:6 Sq Ft:ArrayChristopher Lacharity

3293 PADEN ROAD North Gower $989,900 Beds: 4 Baths:3 Sq Ft:ArrayErin Carmichael

360 MCLEOD STREET UNIT708 Ottawa $309,000 Beds: 1 Baths:1 Sq Ft:ArrayJurgen Fretschner

8 LAKESIDE AVENUE Ottawa $1,469,000 Beds: 4 Baths:4 Sq Ft:ArrayAlex Oneid

916 FLETCHER CIRCLE Ottawa $789,000 Beds: 4 Baths:4 Sq Ft:ArrayScott Arial | Broker

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