501 Lyon St Ottawa Centre, ON K1R 5X6
Listing Courtesy of: TORONTO IDX / Re/Max Hallmark Realty Group

  501 Lyon St Ottawa Centre, ON K1R 5X6

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Description

Flooring: Tile, 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!, Flooring: Hardwood

MLS®:
X9518677
Taxes
$5,408(2024)
Type
Multifamily
County
Ottawa
Community
4103 - Ottawa Centre

Listed By

Re/Max Hallmark Realty Group
Source
TORONTO IDX
Last checked Nov 21 2024 at 11:56 AM MST
Bathroom Details
Heating and Cooling
  • Forced Air
  • None
Basement Information
  • Unfinished
  • Full
Exterior Features
  • Metal/Side
  • Brick
Utility Information
  • Sewer: Sewers
  • Fuel: Gas
Garage
  • Public
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Disclaimer: Copyright 2024 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/21/24 03:56

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