$1,069,900
FOR SALE

Duplex

Lot: 33 x 66 ft

501 Lyon Street
Ottawa, ON K1R 5X6 | Centretown

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:47421)
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Listed By RE/MAX HALLMARK REALTY GROUP
Data Provided By Ottawa Real Estate Board
MLS® Listing Number 1405799
Last Updated Sep 16, 2024
Property Summary
Property Type Duplex

More like this:
Neighbourhood Centretown
Price History

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Detailed Information
Lot 33 x 66 ft
Lease Type Other, See Remarks
Listing Contract Date 2024-08-08
Municipal ID 041220095
# of Parking Spaces 1
Property Type Multi-family
Transaction Type For sale
Zoning Description R4S[478]
Building
Basement Development Unfinished
Basement Type Full (Unfinished)
Constructed Date 1907
Cooling Type None
Exterior Finish Brick, Siding
Flooring Type Hardwood, Tile
Foundation Type Stone
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 3
Type Duplex
Utility Water Municipal water
Parking Spaces
Name Spaces
Open
Land
Total Size 33 ft X 66 ft
Access Type Highway access
Sewer Municipal sewage system
Size of Irregular Land 33 ft X 66 ft

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