501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa

501 LYON STREET, Ottawa, Ontario

$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:56241)

  • Listing ID: 1405799
  • Property Type: Multi-family
  • Year Built: 1907
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Details

  • Amenities Nearby: Shopping
  • Parking Spaces: 2
  • Transaction: For sale
  • Zoning Description: R4S[478]

Building

  • BasementType: Full (Unfinished)
  • Basement Development: Unfinished
  • Constructed Date: 1907
  • Cooling: None
  • Exterior Finish: Brick, Siding
  • Fireplace Present: False
  • Flooring: Hardwood, Tile
  • Foundation: Stone
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Stories Total: 3
  • Type: Duplex
  • Utility Water: Municipal water

Land

  • Access Type: Highway access
  • Amenities: Shopping
  • Sewer: Municipal sewage system
  • Size Frontage: 33 ft
  • Size Irregular: 33 ft X 66 ft
MLS®

Listing provided by RE/MAX HALLMARK REALTY GROUP
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 501 LYON STREET in Ottawa Ontario. It was last modified on August 8th, 2024. Contact us to schedule a viewing or to discover other Ottawa real estate for sale.

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