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Maha Shahbazian

maha@ottawarealestate.com +1(613) 862-6242

$ 1,300,000

Est. payment | -/mo

5 Beds

3 Baths

1,500 SqFt

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$ 1,300,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

1,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $866

Subdivision 3302 - Lindenlea

MLS® Listing ID X12751336

Bedrooms 5

Property Description

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. (id:24570)

Location

State ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 1.83 m X 2.3 m Mud room

Extra Room 2 Second level 4.78 m X 2.31 m Solarium

Extra Room 3 Second level 3.71 m X 4.81 m Living room

Extra Room 4 Second level 3.95 m X 3.47 m Kitchen

Extra Room 5 Second level 3.44 m X 3.48 m Bedroom

Extra Room 6 Second level 3.47 m X 3.48 m Primary Bedroom

Interior

Cooling Window air conditioner

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Total Parking Spaces 1

Garage Yes

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Virtual Tour https://nancybenson.com/wp-content/uploads/sites/351/2026/03/Feature-Sheet-55-Ivy-Cres-2.pdf

Listed by RE/MAX HALLMARK REALTY GROUP

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+1(613) 862-6242

maha@ottawarealestate.com

55 IVY CRESCENT Ottawa, ON K1M1Y1

Maha Shahbazian

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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55 IVY CRESCENT