501 LYON STREET
Ottawa, Ontario K1R5X6

$1,069,800

ID# 1405799

None Forced air

Virtual Tour

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:25961)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of RE/MAX HALLMARK REALTY GROUP

Listed on: August 08, 2024

On market: 108 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

665 BATHGATE DRIVE UNIT2108 Ottawa $2,300 Beds: 2 Baths:1 Sq Ft:ArrayDan Seguin

1290 SNOWDON STREET Ottawa $909,000 Beds: 4 Baths:2 Sq Ft:ArrayMike Scerbo

101 ARTHUR ROAD Balderson $1,295,000 Beds: 4 Baths:3 Sq Ft:ArrayJohn Gomes

31 VIEWMOUNT DRIVE Calabogie $649,000 Beds: 4 Baths:3 Sq Ft:ArrayChris Coveny

74 JASPER AVENUE Smiths Falls $359,000 Beds: 2 Baths:1 Sq Ft:ArrayGordon Hicks

6679 FOURTH LINE ROAD North Gower $1,500 Beds: Baths: Sq Ft:750 sqftROB THOMPSON

79 TROTTERS LANE Westport $899,500 Beds: 4 Baths:3 Sq Ft:ArrayJames Benda

3269 YORKS CORNERS ROAD Kenmore $769,000 Beds: 7 Baths:4 Sq Ft:ArrayAndrew Moore | Sales Representative

3765 LOGGERS WAY Ottawa $3,590,000 Beds: Baths: Sq Ft:750 sqftGordon Mott

541 ANGUS CAMPBELL DRIVE Pembroke $469,500 Beds: 4 Baths:2 Sq Ft:ArrayDan Vodenicar

165 QUEEN STREET Eganville $372,000 Beds: 3 Baths:1 Sq Ft:ArrayAl Schutt

723 ODYSSEY WAY Ottawa $941,900 Beds: 4 Baths:3 Sq Ft:ArraySandra Morello

1041 BRANDYWINE COURT Ottawa $2,299,000 Beds: 4 Baths:4 Sq Ft:Christopher Lacharity

1451 WELLINGTON STREET W UNIT302 Ottawa $729,900 Beds: 1 Baths:1 Sq Ft:ArrayAngelo Toscano

314 CENTRAL PARK DRIVE UNIT101 Ottawa $399,900 Beds: 2 Baths:2 Sq Ft:ArrayMike Scerbo

330 TITAN PRIVATE UNIT708 Ottawa $459,900 Beds: 2 Baths:2 Sq Ft:ArrayNancy Chen

7865 MORNINGSIDE AVENUE Ottawa $699,999 Beds: 3 Baths:1 Sq Ft:ArrayWendy Embleton

105 CHAMPAGNE AVENUE S UNIT1911 Ottawa $1,650 Beds: 0 Baths:1 Sq Ft:ArrayHeng Yin

9 DURANT STREET Petawawa $544,900 Beds: 2 Baths:2 Sq Ft:ArrayJessica Brooks

47 HENRY STREET Killaloe $395,900 Beds: 3 Baths:2 Sq Ft:ArrayKayla Nieman

12 SYLVESTER STREET UNITB Ottawa $2,490 Beds: 2 Baths:1 Sq Ft:ArrayAli Abbas

114 WALLEYE PRIVATE Nepean $2,300 Beds: 2 Baths:3 Sq Ft:ArrayHeng Yin

485 BRUGES STREET Embrun $985,900 Beds: 5 Baths:4 Sq Ft:ArrayRodney den Dunnen

65 DENZIL DOYLE COURT UNIT219 Ottawa $507,000 Beds: Baths: Sq Ft:1350 sqftMarc Morin

2243 PAGE ROAD Ottawa $1,290,000 Beds: 6 Baths:5 Sq Ft:ArrayCarol Li