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    For Sale - 514 Lyon Street, Ottawa Centre, Ontario

    Est payment $6,483/mo
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    Views   2
    Time on Jump  23 day

    AI Summary *

    • Turn-key 5-unit investment property in desirable Centretown location.
    • Generates $97,740 in gross annual income with a solid cap rate.
    • Recent upgrades include renovated units, new windows, furnace, and hot water tank.
    • Walking distance to downtown, transit, and major amenities.
    • Includes 3 parking spaces, enhancing rental appeal and convenience.




    Welcome to 514 lyon st, a turn-key 5-unit investment property ideally located in the heart of centretown, one of ottawa's most desirable and consistently strong rental markets. Generating $97,740 in gross annual income at a 5. 8% cap rate, this well-maintained asset offers investors a rare opportunity to assume approximately $1. 049m in existing financing at an attractive 4. 25% interest rate with a 40-year amortization until june 1, 2030, providing a significant financing advantage in today's market. The property has undergone extensive recent upgrades, including fully renovated units throughout, new windows installed in 2023, and a new furnace and hot water tank installed in 2023. With all major capital improvements completed and the remaining building components in good condition, this is a true turn-key investment requiring minimal near-term capital expenditure. Located within walking distance of downtown ottawa, transit, shops, restaurants, government offices, and major employment centres, 514 lyon st benefits from strong rental demand and an unbeatable urban location. The property also comes with 3 parking spaces across the two driveways on site. This is an exceptional opportunity to acquire a stabilized multi-residential asset with strong income, attractive assumable financing, and significant recent improvements in one of ottawa's premier rental neighbourhoods. Unit b, d, and e are currently vacant (rent is projected based on prior leases) - these units can be leased prior to closing or held vacant for the purchaser.
    Listing IDX13235238
    Address514 Lyon Street
    CityOttawa Centre, Ontario
    Price$1,350,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major Highway, Public TransitHeating / Cooling Gas Forced Air Closed

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    Listing Agency:  EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    514 Lyon Street
    Ottawa Centre , Ontario
    $1,350,000
    Get more info