501 LYON STREET

Multi-family For Sale in 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:4069)
Address 501 LYON STREET
List Price $1,069,800
Property Type Multi-family
Type of Dwelling Duplex
Area Ontario
Sub-Area Ottawa
Lot Size 33 ft X 66 ft Sq. Ft.
Year Built 1907
MLS® Number 1405799
Listing Brokerage RE/MAX HALLMARK REALTY GROUP
Basement Area Full (Unfinished)
Postal Code K1R5X6
Zoning R4S[478]
Site Influences Shopping

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YOW Home Team

Innovation Realty

102-659 Sue Holloway Drive Nepean On K2J 5G3

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