More Photos

×

    For Sale - 514 Lyon Street, Ottawa Centre, Ontario

    Est payment $6,483/mo
    Get pre-qualified
    Views   3
    Time on Jump  34 day

    AI Summary *

    • Turn-key 5-unit property with strong rental income in Centretown.
    • Attractive assumable financing with low interest rate until 2030.
    • Extensively upgraded units with new windows, furnace, and hot water tank.
    • Walking distance to downtown, transit, shops, and restaurants.
    • Includes 3 parking spaces across two driveways for 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 IDX13236514
    Address514 Lyon Street
    CityOttawa Centre, Ontario
    Price$1,350,000
    Bed / Bath6 / 5 Full
    Style2-Storey, Multiplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Separate Hydro MeterOwnership FreeholdBasement ApartmentFoundation ConcreteHeating / Cooling BaseboardHeating Fuel GasSewer Sewer

    Parking 3.00
    ASAP

    Thu

    9

    Jul

    Fri

    10

    Jul

    Sat

    11

    Jul

    Sun

    12

    Jul

    Mon

    13

    Jul

    Tue

    14

    Jul

    Wed

    15

    Jul

    Thu

    16

    Jul

    Fri

    17

    Jul

    Sat

    18

    Jul

    Sun

    19

    Jul

    Mon

    20

    Jul

    Tue

    21

    Jul

    Wed

    22

    Jul

    Thu

    23

    Jul

    Fri

    24

    Jul

    Sat

    25

    Jul

    Sun

    26

    Jul

    Mon

    27

    Jul

    Tue

    28

    Jul

    Wed

    29

    Jul

    Thu

    30

    Jul

    Fri

    31

    Jul

    Sat

    1

    Aug

    Sun

    2

    Aug

    Mon

    3

    Aug

    Tue

    4

    Aug

    Wed

    5

    Aug

    Thu

    6

    Aug

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    2189 Dundas Street Unit# 59
    London East, Ontario.
    2 Beds | 1 Baths
    $209,900
    263 John Bowser Crescent
    Newmarket, Ontario.
    4 Beds | 3 Baths
    $1,188,000
    153 Shepton Way
    Toronto, Ontario.
    4 Beds | 3 Baths
    $1,198,000
    584 Chelton Road
    London South, Ontario.
    7 Beds | 5 Baths
    $1,099,000
    881 Antonio Farley Street
    Orleans - Cumberland And Ar…
    3 Beds | 3 Baths
    $714,900
    41 Blackburn Drive
    Cornwall, Ontario.
    3 Beds | 2 Baths
    $424,900
    76 Fortune Crescent
    Richmond Hill, Ontario.
    4 Beds | 4 Baths
    $1,349,000
    3074 Turner Crescent
    London South, Ontario.
    3 Beds | 3 Baths
    $799,900
    83 Fisherville Road
    Toronto, Ontario.
    8 Beds | 4 Baths
    $1,599,000
    Loading...
    514 Lyon Street
    Ottawa Centre , Ontario
    6 5 $1,350,000
    Get more info