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: 93 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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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

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

47 SHELDRAKE DRIVE Ottawa $569,500 Beds: 3 Baths:2 Sq Ft:ArrayLisa Fitzpatrick | Sales Representative

38 BONNER ROAD Calabogie $1,149,000 Beds: 3 Baths:2 Sq Ft:ArrayLisa Fitzpatrick | Sales Representative

1928 HAWKER PRIVATE Ottawa $589,900 Beds: 3 Baths:3 Sq Ft:ArrayTarek El Attar

27 & 29 THIRD AVENUE Ottawa $1,950,000 Beds: Baths: Sq Ft:ArrayEsther Clark

1932 GORE LINE Westmeath $499,900 Beds: 4 Baths:2 Sq Ft:ArrayNatalie Frodsham

195 HAROLD STREET Smiths Falls $589,900 Beds: 2 Baths:2 Sq Ft:ArrayAmanda Myers

794 FOREST PARK ROAD Pembroke $469,900 Beds: 2 Baths:1 Sq Ft:ArrayJackie Durnford

28 SEABERT DRIVE Arnprior $799,000 Beds: 5 Baths:4 Sq Ft:ArrayAvneet Behl

344 TUCANA WAY Ottawa $899,900 Beds: 4 Baths:3 Sq Ft:ArrayMythini Sundralingam

355 JOSIE LANE Deep River $899,900 Beds: 3 Baths:4 Sq Ft:ArrayRyan Pattinson

500 VAN BUREN STREET Kemptville $11 Beds: Baths: Sq Ft:15000 sqftCharles Bouck | Broker

452 AURORA STREET Embrun $799,900 Beds: 4 Baths:3 Sq Ft:ArrayEric Fournier

50 HILLIARD AVENUE Ottawa $799,999 Beds: 5 Baths:2 Sq Ft:ArrayLeo Rosato

625 ANNE STREET Petawawa $359,900 Beds: 3 Baths:1 Sq Ft:ArrayShawn Mcfarlane

245 YORK STREET Ottawa $725,000 Beds: 3 Baths:1 Sq Ft:ArrayMarc Blais

307 EADIE ROAD Russell $699,900 Beds: 3 Baths:2 Sq Ft:ArrayHussain Hamra

Lot 46 FALCON DRIVE Russell $619,900 Beds: 3 Baths:3 Sq Ft:ArrayEric Fournier

242 RIDEAU STREET UNIT1207 Ottawa $395,000 Beds: 1 Baths:1 Sq Ft:ArrayEugine Wong

1140 WELLINGTON STREET W UNIT707 Ottawa $2,660 Beds: 2 Baths:2 Sq Ft:ArrayAdam Taggart | Sales Representative

324 LAURIER AVENUE W UNIT615 Ottawa $320,000 Beds: 0 Baths:1 Sq Ft:ArrayFederick Yam

38 FALLENGALE CRESCENT Ottawa $529,900 Beds: 2 Baths:3 Sq Ft:ArrayPatrick A. Kelly

3987 PERENNIAL WAY Greely $1,448,800 Beds: 3 Baths:3 Sq Ft:ArrayChristopher Avalos

373 BRANT STREET UNIT1 Ottawa $1,845 Beds: 1 Baths:1 Sq Ft:ArrayFred Jaja | Sales Representative

1940 HAWKER PRIVATE Ottawa $579,900 Beds: 3 Baths:3 Sq Ft:ArrayTarek El Attar