501 LYON STREET
Ottawa, Ontario K1R5X6

$1,069,900

ID# 1405799

None Forced air

Virtual Tour

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:25961)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of RE/MAX HALLMARK REALTY GROUP

Listed on: August 08, 2024

On market: 40 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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CONTACT

+1 (613) 355-7078

Brandi Leclerc

Sales Representative

(613) 355-7078 (direct)

(613) 825-7653 (office)

brandil@royallepage.ca

homeswithbrandi.com

3101 Strandherd Drive, Ottawa

BARRHAVEN / NEPEAN

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501 LYON STREET Ottawa, Ontario K1R5X6

None Forced air

YOU MIGHT ALSO LIKE THESE LISTINGS

618 PAUL METIVIER DRIVE Nepean $649,900 Beds: 3 Baths:3 Sq Ft:ArrayBrandi Leclerc | Sales Representative

54 CENTREPARK DRIVE Gloucester $814,900 Beds: 4 Baths:3 Sq Ft:ArrayBrandi Leclerc | Sales Representative

160 GEORGE STREET UNIT1806 Ottawa $2,600 Beds: 2 Baths:2 Sq Ft:ArrayShaunna McIntosh

160 GEORGE STREET UNIT1806 Ottawa $524,900 Beds: 2 Baths:2 Sq Ft:ArrayShaunna McIntosh

1303 HILLY LANE Kemptville $799,000 Beds: 3 Baths:1 Sq Ft:ArrayLinda Williams | Broker

1564 SCOTTANNE STREET Ottawa $1,099,000 Beds: 5 Baths:3 Sq Ft:ArrayChantal Maher

111 CHAMPAGNE AVENUE S UNIT308 Ottawa $389,900 Beds: 1 Baths:1 Sq Ft:ArrayMathieu Hudon

242 STEDMAN STREET Ottawa $649,900 Beds: 3 Baths:3 Sq Ft:ArrayMatt Assaf

6780 PILON POINT ROAD Summerstown $2,590,000 Beds: 7 Baths:8 Sq Ft:ArrayEric Manherz

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

1910 ROSEBELLA AVENUE Ottawa $799,000 Beds: 4 Baths:4 Sq Ft:ArrayHeng Yin

3120 SOUTHMORE DRIVE Ottawa $669,000 Beds: 4 Baths:2 Sq Ft:ArrayJacquie MacDonald

215 CAPRI AVENUE Embrun $930,000 Beds: 3 Baths:3 Sq Ft:ArrayIrene Bilinski

130 IRON BRIDGE PLACE Ottawa $1,800,000 Beds: 4 Baths:3 Sq Ft:ArrayDaniel Hale

79 JOLLIET AVENUE UNITB Ottawa $1,995 Beds: 2 Baths:1 Sq Ft:ArrayRyan Gauthier

320 CENTRUM BOULEVARD UNIT205 Orleans $425,000 Beds: 2 Baths:2 Sq Ft:ArrayPeggy Wilson

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

90 MAIN STREET E Smiths Falls $349,900 Beds: 4 Baths:1 Sq Ft:ArrayChristine Ross

1217 ANOKA STREET Ottawa $695,000 Beds: 3 Baths:1 Sq Ft:ArrayJeffrey Gauthier

8 MORNINGSTAR STREET Petawawa $519,900 Beds: 3 Baths:2 Sq Ft:ArrayDebbie Clark

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

98 RICHMOND ROAD UNIT807 Ottawa $549,900 Beds: 2 Baths:2 Sq Ft:ArrayPeter Twolan

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

PT LT 18 CONC 2 ROAD Gananoque $1,048,000 Beds: 0 Baths: Sq Ft:ArrayArjan Leeuwerke

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