501 LYON STREET Active Save Request In-Person Tour Request Virtual Tour
Ottawa,ON K1R5X6
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Centretown
MLS Listing ID 1405799
Originating Board Ottawa Real Estate Board
Year Built 1907
Property Description
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! (id:24570)
Location
State ON
Interior
Heating Forced air
Cooling None
Flooring Hardwood,Tile
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 3
Sewer Municipal sewage system