$ 1,069,800
501 LYON ST Ottawa Centre, ON K1R 5X6
Save 
Share Schedule a Tour
REQUEST A TOUR
In-PersonVirtual Tour
REQUEST A TOUR
In-PersonVirtual Tour
$ 1,069,800
Est. payment | /mo
$ 1,069,800
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9518677
Style Unknown
Annual Tax Amount $5,408
Tax Year 2024
Property Description
Flooring: Tile, 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!, Flooring: Hardwood
Location
Province ON
County Ottawa
Area 4103 - Ottawa Centre
Rooms
Family Room No
Basement Full, Unfinished
Interior
Interior Features Unknown
Cooling None
Heat Source Gas
Exterior
Garage Unknown
Pool None
Roof Type Asphalt Shingle
Parking Type Public
Total Parking Spaces 2
Building
Story 3
Unit Features Major Highway
Foundation Stone
Others
Security Features Unknown
Pets Description Unknown
Listed by RE/MAX HALLMARK REALTY GROUP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "