501 Lyon Street Ottawa, Ontario K1R 5X6
$1,069,800
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:31145)
Property Details
| MLS® Number | 1405799 |
| Property Type | Multi-family |
| Neigbourhood | Centretown |
| Amenities Near By | Shopping |
| Parking Space Total | 2 |
Building
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1907 |
| Cooling Type | None |
| Exterior Finish | Brick, Siding |
| Fireplace Present | No |
| Flooring Type | Hardwood, Tile |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Open |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 66 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | 33 Ft X 66 Ft |
| Size Total Text | 33 Ft X 66 Ft |
| Zoning Description | R4s[478] |
https://www.realtor.ca/real-estate/27270938/501-lyon-street-ottawa-centretown
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Ottawa Real Estate Board
RE/MAX Hallmark Realty Group
October 22 2024 01:12:51
