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    For Sale - 514 Lyon Street, Ottawa Centre, Ontario

    Est payment $6,603/mo
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    Views   1
    Time on Jump  18 day

    AI Summary *

    • Turn-key 5-unit investment property in desirable Centretown location.
    • Generates $89,760 in annual income with a solid cap rate.
    • Recently upgraded units with new windows, furnace, and hot water tank.
    • Walking distance to downtown, transit, shops, and major employment centres.
    • 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 $89,760 in gross annual income at a 5. 3% 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. An option for a second position vtb is also available; contact the listing agent for details. The property has undergone extensive recent upgrades, including fully renovated units throughout, new windows (2023), and a new furnace and hot water tank (2023). With all major capital improvements completed, 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 includes 3 parking spaces across two driveways. The building is fully tenanted and stabilized, providing reliable, in-place cash flow from day one and a secure, low-risk investment for the new owner. This is an exceptional opportunity to acquire a stabilized multi-residential asset with strong income, attractive financing options, and significant recent improvements in one of ottawa's premier rental neighbourhoods.
    Listing IDX13844228
    Address514 Lyon Street
    CityOttawa Centre, Ontario
    Price$1,375,000
    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
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    Listing Brokerage: 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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