ON > Ottawa Centre
Ottawa Centre, ON K1R 5X6,501 LYON ST
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Ottawa Centre, ON K1R 5X6,501 LYON ST
Ottawa Centre, ON K1R 5X6,501 LYON ST
Ottawa Centre, ON K1R 5X6,501 LYON ST
Ottawa Centre, ON K1R 5X6,501 LYON ST
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 1,069,800
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501 LYON ST Ottawa Centre, ON K1R 5X6

UPDATED:

11/21/2024 03:58 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID X9518677

Style Unknown

Annual Tax Amount $5,408

Tax Year 2024

Property 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

Location

Province ON

County Ottawa

Area 4103 - Ottawa Centre

Rooms

Family Room No

Basement Full, Unfinished

Interior

Interior Features Unknown

Cooling None

Heat Source Gas

Exterior

Garage Unknown

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 2

Building

Story 3

Unit Features Major Highway

Foundation Stone

Others

Security Features Unknown

Pets Description Unknown

Listed by RE/MAX HALLMARK REALTY GROUP
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501 LYON ST