501 LYON ST Active Save Request In-Person Tour Request Virtual Tour
Ottawa Centre,ON K1R 5X6
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9453209
Style Unknown
Annual Tax Amount $5,408
Tax Year 2024
Property Description
Flooring: Tile, 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!, Flooring: Hardwood
Location
Province ON
County Ottawa
Zoning R4S[478]
Rooms
Basement Full,Unfinished
Interior
Interior Features Unknown
Cooling None
Exterior
Garage Unknown
Garage Spaces 1.0
Roof Type Asphalt Shingle
Parking Type Public
Total Parking Spaces 1
Building
Foundation Stone