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    For Sale - 55 Ivy Crescent, New Edinburgh - Lindenlea, Ontario

    Est payment $6,242/mo
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    Views   3
    Time on Jump  57 day

    AI Summary *

    • Turnkey triplex with an additional studio for immediate rental income.
    • Strong income potential with a solid 5.4% cap rate and $88,800 gross income.
    • Close to major amenities, including parks, shops, and scenic pathways.
    • Renovated units featuring modern kitchens, hardwood floors, and private laundry.
    • Oversized garage with multi-car driveway and additional storage options.




    Exceptional investment opportunity - turnkey triplex + studio in prestigious new edinburgh/lindenlea. Strong income-producing asset with a 5. 4% cap rate, gross income of $88,800, and noi of $70,856, supporting approximately $1,250,000 in financing at current rates - a true money maker. Unit 1 is leased at $1,850/month + hydro, unit 2 (vacant) offers market rent of approximately $2,500/month, unit 3 is rented at $2,500/month + hydro, and the studio/workshop generates $550/month, providing stable income with upside. Ideally located steps to global affairs, beechwood village, and scenic pathways along the ottawa and rideau rivers, and within walking distance to the byward market and the governor general's residence. This meticulously maintained all-brick purpose-built triplex plus separate studio/workshop within a double detached garage is a turnkey investment. The lower level features a renovated 1-bedroom unit with hardwood floors and a modern 2025 bathroom, the main floor offers a bright 2-bedroom unit with refinished hardwood, renovated bath, large eat-in kitchen, and oversized deck with garden access, while the second floor includes a 2-bedroom + den + solarium unit with hardwood throughout, updated kitchen and bath, and private laundry. The insulated studio/workshop with its own electrical panel is ideal for a gym, office, or added income. Additional features include an enclosed rear staircase, shared laundry (units 1 & 2), gas-fired hot water heating, a/c in the basement unit, tandem multi-car driveway plus garage parking, and professional painting throughout. Extensive upgrades include foundation waterproofing, roof replacement, owned hot water tanks, rebuilt rear stairs and deck, upgraded appliances, added dishwashers, new faucets, renovated bathrooms, and refinished hardwood floors. See last photo for full financial profile.
    Listing IDX12751336
    Address55 Ivy Crescent
    CityNew Edinburgh - Lindenlea, Ontario
    Price$1,300,000
    Bed / Bath5 / 3 Full
    Style2-Storey, Triplex
    ConstructionBrick
    Land Size3500
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Auto Garage Door Remote, Carpet Free, Separate Hydro Meter, Storage, Water Heater Owned, Water MeterOutdoor Features Deck, Paved YardAmenities Wooded/Treed, Public TransitOwnership FreeholdBasement Full, FinishedFoundation ConcreteHeating / Cooling WaterHeating Fuel GasSewer Sewer

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    Listing Agency:  RE/MAX HALLMARK REALTY GROUP

    * 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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    55 Ivy Crescent
    New Edinburgh - Lindenlea , Ontario
    5 3 $1,300,000
    Get more info