Ottawa, ON K1R5X6 501 LYON STREET
$1,069,900
25 more
Presented By: RE/MAX HALLMARK REALTY GROUP
Home Details
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:7434)
Presented By: RE/MAX HALLMARK REALTY GROUP
Interior Features for 501 LYON STREET
Other Interior Features
Basement DevelopmentUnfinished
Basement TypeFull (Unfinished)
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air
Flooring TypeHardwood, Tile
General for 501 LYON STREET
Building Cooling TypeNone
Building TypeDuplex
Building.StoriesTotal3
Foundation TypeStone
Lease TypeOther, See Remarks
NeighbourhoodCentretown
Parking Space Total1
Property TypeMulti-family
Zoning DescriptionR4S[478]
Exterior for 501 LYON STREET
Exterior FinishBrick, Siding
SewerMunicipal sewage system
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty