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501 Lyon St N

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

-
Beds
-
Baths
$1,069,800
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
105 days on market

Quick Summary

  • Triplex alteration 90% complete with 6%+ cap rate
  • Conservatively rented at $2,100 per unit with no vacancies
  • Fully renovated in 2017 with 3-storey addition and attic conversion
  • Separate gas furnaces, fire escapes, balconies, and laundry
  • Opportunity to easily convert to 3 legal units with 3rd kitchen
  • Tandem parking for 2 cars in downtown Ottawa location
  • Separate hydro meters and space for 3rd gas meter
  • Excellent investment opportunity to maximize rents

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... Show More

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:54626)

Additional Media

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Property Details

Parking

2 Parking Spaces
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
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Source

Listing Brokerage

MLS® Listing
1405799
Last Updated
October 22, 2024
Brokerage
RE/MAX HALLMARK REALTY GROUP
Powered by: REALTOR.ca
Call us 800-591-0566

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