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:4069)
| Address |
501 LYON STREET |
| List Price |
$1,069,900 |
| Property Type |
Multi-family |
| Type of Dwelling |
Duplex |
| Area |
Ontario |
| Sub-Area |
Ottawa |
| Lot Size |
33 ft X 66 ft Sq. Ft. |
| Year Built |
1907 |
| MLS® Number |
1405799 |
| Listing Brokerage |
RE/MAX HALLMARK REALTY GROUP
|
| Basement Area |
Full (Unfinished) |
| Postal Code |
K1R5X6 |
| Zoning |
R4S[478] |
