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501 Lyon Street Ottawa, Ontario K1R 5X6

None Forced Air

$1,069,900

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:53341)

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Property Details

MLS® Number 1405799
Property Type Multi-family
Neigbourhood Centretown
ParkingSpaceTotal 1

Building

BasementDevelopment Unfinished
BasementType Full (unfinished)
ConstructedDate 1907
CoolingType None
ExteriorFinish Brick, Siding
FlooringType Hardwood, Tile
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 3
Type Duplex
UtilityWater Municipal Water

Parking

Open

Land

AccessType Highway Access
Acreage No
Sewer Municipal Sewage System
SizeDepth 66 Ft
SizeFrontage 33 Ft
SizeIrregular 33 Ft X 66 Ft
SizeTotalText 33 Ft X 66 Ft
ZoningDescription R4s[478]
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September 16 2024 02:12:36

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