501 Lyon Street Ottawa, ON K1R 5X6
Listing Courtesy of:  CREA / Re/Max Hallmark Realty Group

  501 Lyon Street Ottawa, ON K1R 5X6

Active (74 Days)

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:41440)

MLS®:
1405799
Type
Multifamily
Year Built
1907
County
Ottawa

Listed By

Michael Finnerty, Re/Max Hallmark Realty Group
Source
CREA
Last checked Oct 22 2024 at 9:00 AM GMT+0500
Bathroom Details
Property Features
  • Foundation: Stone
Heating and Cooling
  • Natural Gas
  • Forced Air
  • None
Basement Information
  • Full
  • Unfinished
Flooring
  • Hardwood
  • Tile
Exterior Features
  • Siding
  • Brick
Utility Information
  • Sewer: Municipal Sewage System
Parking
  • Total: 1
  • Open
Stories
  • 3
Location
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