$1,300,000
FOR SALE

Triplex 2-Storey

Bedrooms: 5Bathrooms: 3Lot: 35 x 100 ft
2025 Taxes: $9,294

55 Ivy Cres
New Edinburgh - Lindenlea, ON K1M 1Y1 | 3302 - Lindenlea | Ottawa

Exceptional Investment Opportunity - Turnkey Triplex + Studio in Prestigious New Edinburgh/Lindenlea. Strong income-producing asset with a 5.4% cap rate, gross income of $88,800, and NOI of $70,856, supporting approximately $1,250,000 in financing at current rates - a true money maker. Unit 1 is leased at $1,850/month + hydro, Unit 2 (vacant) offers market rent of approximately $2,500/month, Unit 3 is rented at $2,500/month + hydro, and the studio/workshop generates $550/month, providing stable income with upside. Ideally located steps to Global Affairs, Beechwood Village, and scenic pathways along the Ottawa and Rideau Rivers, and within walking distance to the ByWard Market and the Governor General's Residence. This meticulously maintained all-brick purpose-built triplex plus separate studio/workshop within a double detached garage is a turnkey investment. The lower level features a renovated 1-bedroom unit with hardwood floors and a modern 2025 bathroom, the main floor offers a bright 2-bedroom unit with refinished hardwood, renovated bath, large eat-in kitchen, and oversized deck with garden access, while the second floor includes a 2-bedroom + den + solarium unit with hardwood throughout, updated kitchen and bath, and private laundry. The insulated studio/workshop with its own electrical panel is ideal for a gym, office, or added income. Additional features include an enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, A/C in the basement unit, tandem multi-car driveway plus garage parking, and professional painting throughout. Extensive upgrades include foundation waterproofing, roof replacement, owned hot water tanks, rebuilt rear stairs and deck, upgraded appliances, added dishwashers, new faucets, renovated bathrooms, and refinished hardwood floors. SEE LAST PHOTO FOR FULL FINANCIAL PROFILE.
Extras
Auto Garage Door Remote, Carpet Free, Separate Hydro Meter, Storage, Water Heater Owned, Water Meter
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Listed By RE/MAX HALLMARK REALTY GROUP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12751336
Last Updated Apr 23, 2026
Property Summary
Property Type Triplex

More like this:
PIN 042210129
Legal Description PT LTS 35 & 36, PL 68 , AS IN N724810 ; OTTAWA/GLOUCESTER
Possession Date TBA
Taxes (2025) $9,294
Directions/Cross Streets Beechwood to MacKay
Neighbourhood 3302 - Lindenlea
Area Ottawa
Price History

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Detailed Information
Fronting On North
Special Designations Unknown
Included Cable TV
Bedrooms 5
Bathrooms 3
Lot 35 x 100 ft
Exterior Brick
Air Conditioning Window Unit(s)
Basement Full, Finished
Garage Type Detached
Garage/Park Spaces Y
Parking Spaces 1
Heat Source Gas
Heat Type Water
Sewers Sewer

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