501 LYON STREET
Ottawa, Ontario K1R5X6

$1,069,800

ID# 1405799

None Forced air

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! (id:25961)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of RE/MAX HALLMARK REALTY GROUP

Listed on: August 08, 2024

On market: 76 days

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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Cheryl Jones, Sales Representative - Direct: 613.265.7566 – Office: 613.692.2555 – cheryljones@royallepage.ca

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501 LYON STREET Ottawa, Ontario K1R5X6

None Forced air

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215 CAPRI AVENUE Embrun $899,000 Beds: 3 Baths:3 Sq Ft:ArrayIrene Bilinski

739 PRINCIPALE STREET UNIT3 Casselman $1,775 Beds: 2 Baths:1 Sq Ft:ArrayAnthony Donnelly

1725 CARA CRESCENT Orleans $765,000 Beds: 4 Baths:3 Sq Ft:ArrayMichelle Donaldson-Rouleau

875 CONTOUR STREET UNITB Ottawa $877,880 Beds: 4 Baths:4 Sq Ft:ArraySorin Vaduva

55 LAKE AVENUE E Carleton Place $749,000 Beds: Baths: Sq Ft:ArrayRamsay Ferguson

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100 TAY STREET Ottawa $1,099,000 Beds: 2 Baths:3 Sq Ft:ArrayDebra Cherry

320 CENTRUM BOULEVARD UNIT205 Orleans $410,000 Beds: 2 Baths:2 Sq Ft:ArrayPeggy Wilson

109 NORTH CHANNEL ROAD Johnstown $249,000 Beds: 2 Baths:1 Sq Ft:ArrayNatalie Sobhie

647 PARKVIEW TERRACE Russell $1,029,000 Beds: 4 Baths:4 Sq Ft:ArrayRonna Sheldrick

401 COUNTY RD 2 ROAD Cardinal $849,000 Beds: 3 Baths:2 Sq Ft:ArrayDEBRA LYNN CURRIER | Broker

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295 JULIEN STREET Pembroke $299,900 Beds: 2 Baths:1 Sq Ft:ArrayTanya Avery

14 MAPLE STAND WAY Ottawa $899,900 Beds: 4 Baths:4 Sq Ft:ArrayMiguel Vidal

66 METROPOLE PRIVATE Ottawa $849,900 Beds: 3 Baths:3 Sq Ft:ArrayMaureen Yates

1051 BUTLER BOULEVARD Petawawa $589,900 Beds: 4 Baths:2 Sq Ft:ArrayKim Habraken

201 METCALFE STREET Ottawa $10,995,000 Beds: Baths: Sq Ft:ArrayNick Ricciuto

1140 WELLINGTON STREET W UNIT1201 Ottawa $2,025 Beds: 1 Baths:1 Sq Ft:ArrayAdam Taggart | Sales Representative

242 RIDEAU STREET UNIT405 Ottawa $349,900 Beds: 1 Baths:1 Sq Ft:ArrayJason Pilon

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