map icon

501 Lyon St N

Lyon St N, Old City, Ottawa, ON, K1R 5X6

-
Beds
-
Baths
$1,069,900
List Price
Details
Photos
30
Comparables
History
501 Lyon St N, Ottawa, ON - 1 of 3
501 Lyon St N, Ottawa, ON - 2 of 3
501 Lyon St N, Ottawa, ON - 3 of 3
42 days on market

Quick Summary

  • Excellent investment property in downtown Ottawa
  • Potential for high rental income with 6%+ cap rate
  • Convenient location near trendy Bank St and universities
  • Fully renovated in 2017 with new wiring, plumbing, windows
  • Spacious open living spaces and good-sized bedrooms
  • Opportunity to easily convert to three separate units
  • Each unit has its own balcony and laundry
  • Never had a vacancy as a legal duplex

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 2100/unit) Location ++ walking distance to trendy Bank St, Parliament hill, the Glebe, Lansdowne and close to both Universities. This classic Victorian building... Show More

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 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:54626)

Additional Media

View Additional Media

Property Details

Parking

1 Parking Space
Open

Lot

Size
396′0″ * 792′0″
Acres
-

Build

Year Built
1907
Model Name
-
Basement
Unfinished
Exterior
Brick, Siding
Foundation
Stone
Builder Name
-
Stories
3
Flooring
Hardwood, Tile
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
SHOW LESS

Source

Listing Brokerage

MLS® Listing
1405799
Last Updated
September 10, 2024
Brokerage
RE/MAX HALLMARK REALTY GROUP
Powered by: REALTOR.ca
Call us 800-591-0566

Book A Private Showing

For Sale Nearby

458 McLeod St, Ottawa, ON
458 McLeod St
$869,900
Ottawa, ON, K1R 5P6
  • 3
  • 3
552 Bay St, Ottawa, ON
552 Bay St
$675,000
Ottawa, ON, K1R 6B7
  • 4
  • 3
439 Kent St, Ottawa, ON
439 Kent St
$669,900
Ottawa, ON, K2P 2B4
  • 2
  • 1
103-105 Florence Street, Ottawa, ON
103-105 Florence Street
$1,295,000
Ottawa, ON, K1R 5N1
    219 - 429 Kent St, Ottawa, ON
    219-429 Kent St
    $400,000
    Ottawa, ON, K2P 0W7
    • 1
    • 1
    116 - 429 Kent St, Ottawa, ON
    116-429 Kent St
    $349,900
    Ottawa, ON, K2P 0W7
    • 1
    • 1
    215 - 429 Kent St, Ottawa, ON
    215-429 Kent St
    $559,900
    Ottawa, ON, K2P 1B5
    • 950 Sq. Ft.
    • 2
    • 2
    77 Florence St, Ottawa, ON
    77 Florence St
    $1,695,000
    Ottawa, ON, K1R 5N1

      Sold Nearby

      165 Flora St, Ottawa, ON
      Sold Listing
      Get verified. Local real estate boards require email verification.
      165 Flora St
      $XXX,XXX
      Ottawa, ON, K1R 5R4
      • 3
      • 3
      163 Flora St, Ottawa, ON
      Sold Listing
      Get verified. Local real estate boards require email verification.
      163 Flora St
      $XXX,XXX
      Ottawa, ON, K1R 5R4
      • 3
      • 1
      464 McLeod St, Ottawa, ON
      Sold Listing
      Get verified. Local real estate boards require email verification.
      464 McLeod St
      $XXX,XXX
      Ottawa, ON, K1R 5P6
      • 2
      • 2
      502 Lyon St N, Ottawa, ON
      Sold Listing
      Get verified. Local real estate boards require email verification.
      502 Lyon St N
      $XXX,XXX
      Ottawa, ON, K1R 5X7
      • 3
      • 2
      462 McLeod St, Ottawa, ON
      Sold Listing
      Get verified. Local real estate boards require email verification.
      462 McLeod St
      $XXX,XXX
      Ottawa, ON, K1R 5P6
      • 2
      • 2
      478 McLeod St, Ottawa, ON
      Sold Listing
      Get verified. Local real estate boards require email verification.
      478 McLeod St
      $XXX,XXX
      Ottawa, ON, K1R 5P8
      • 3
      • 2
      403 - 457 McLeod St, Ottawa, ON
      Sold Listing
      Get verified. Local real estate boards require email verification.
      403-457 McLeod St
      $XXX,XXX
      Ottawa, ON, K1R 5P5
      • 2
      • 1
      308 - 457 McLeod St, Ottawa, ON
      Sold Listing
      Get verified. Local real estate boards require email verification.
      308-457 McLeod St
      $XXX,XXX
      Ottawa, ON, K1R 5P5
      • 565 Sq. Ft.
      • 1

      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 CREA and identify the quality of services provided by real estate professionals who are members of CREA.