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501 LYON STREET
Centretown
Ottawa
K1R 5X6
$1,069,900
Multi-family
built: 1907
- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- 1405799
- Year Built:
- 1907
- Photos (30)
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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:2493)
- Property Type:
- Multi-family
- Property Attached:
- Yes
- Lease Type:
- Other, See Remarks
- Zoning:
- R4S[478]
- Taxes:
- $5,408 / 2024
- Community:
- Centretown
- Exterior Features:
- Brick, Siding
- Structure Type:
- Duplex
- Cooling:
- None
- Fireplace:
- No
- Floor finish:
- Tile, Hardwood
- Foundation:
- Stone
- Heating:
- Forced air, Natural gas
- # Storeys:
- 3.0
- Water:
- Municipal water
- Sewer:
- Municipal sewage system
- Basement:
- Unfinished, Full
- Lot Details:
- 33 ft X 66 ft
- Parking:
- Open
- Total Parking Spaces:
- 1
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Photo 2 of 30
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Photo 3 of 30
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Unit 1
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Unit 1
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Unit 1
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Unit 1
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Unit 1
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Unit 1
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unit 1
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Unit 1
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Unit1
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Unit 1
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Unit 2
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Unit 2
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Unit 2
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Unit 2
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Unit 2
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Unit 2 bath 1
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Unit 2 bath 2
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Unit 2
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Stairs to Potential 3rd
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Potential 3rd (Plumbed and wired spot for kitchen here)
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Potential 3rd
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Potential 3rd
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Potential 3rd unit Bed 1
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Potential 3rd
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Potential 3rd unit bed 2
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Photo 29 of 30
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Photo 30 of 30
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Listed by RE/MAX HALLMARK REALTY GROUP
Data was last updated October 22, 2024 at 08:15 AM (UTC)
- JACQUIE MACDONALD
- RE/MAX Hallmark Realty Group
- (613) 795-2678
- mail@jacquiemacdonald.com
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