501 LYON STREET
Ottawa, Ontario K1R5X6

$1,069,900

ID# 1405799
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:25961)

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General Inquiry
Year Built 1907
Cooling Type None
Flooring Type Hardwood, Tile
Heating Type Forced air
Heating Fuel Natural gas
Stories Total 3
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Address Price Bed Bath SqFt Area Sub Area Brokerage
363 RIVER LANDING AVENUE Ottawa
363 RIVER LANDING AVENUE
 $975,000 4 3 42.93 ft X 81.94 ft Ottawa Half Moon Bay UNRESERVED BROKERAGE
2560 HUNTERS POINT CRESCENT Ottawa
2560 HUNTERS POINT CRESCENT
 $599,900 3 3 31.49 ft X 99.89 ft Ottawa Emerald Woods KELLER WILLIAMS INTEGRITY REALTY
631 EDISON AVENUE Ottawa
631 EDISON AVENUE
 $1,298,000 4 3 65.88 ft X 100 ft Ottawa McKeller/Highland ENGEL & VOLKERS OTTAWA
2744 RICHARDSON SIDE ROAD Ottawa
2744 RICHARDSON SIDE ROAD
 $869,900 5 4 2 ac Ottawa Huntley AVENUE NORTH REALTY INC.
875 CONTOUR STREET UNITB Ottawa
875 CONTOUR STREET UNITB
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317 CATHERINE STREET UNIT4 Ottawa
317 CATHERINE STREET UNIT4
 $795 - - 33 ft X 66 ft Ottawa Centretown ROYAL LEPAGE TEAM REALTY
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