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$1,375,000
Est. payment /mo
6 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 4103 - Ottawa Centre
MLS Listing ID X13844228
Style 2-Storey
Bedrooms 6
Annual Tax Amount $8,688
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Welcome to 514 Lyon St, a turn-key 5-unit investment property ideally located in the heart of Centretown, one of Ottawa's most desirable and consistently strong rental markets. Generating $89,760 in gross annual income at a 5.3% cap rate, this well-maintained asset offers investors a rare opportunity to assume approximately $1.049M in existing financing at an attractive 4.25% interest rate with a 40-year amortization until June 1, 2030, providing a significant financing advantage in today's market. An option for a second position VTB is also available. The property has undergone extensive recent upgrades, including fully renovated units throughout, new windows (2023), and a new furnace and hot water tank (2023). With all major capital improvements completed, this is a true turn-key investment requiring minimal near-term capital expenditure. Located within walking distance of downtown Ottawa, transit, shops, restaurants, government offices, and major employment centres, 514 Lyon St benefits from strong rental demand and an unbeatable urban location. The property also includes 3 parking spaces across two driveways. The building is fully tenanted and stabilized, providing reliable, in-place cash flow from day one and a secure, low-risk investment for the new owner. This is an exceptional opportunity to acquire a stabilized multi-residential asset with strong income, attractive financing options, and significant recent improvements in one of Ottawa's premier rental neighbourhoods.
Location
Province ON
County Ottawa
Area Ottawa
Zoning R4S[478], Unassigned
Rooms
Basement Apartment
Kitchen 5
Interior
Interior Features Separate Hydro Meter
Cooling Central Air
Exterior
Parking Features None
Pool None
Roof Type Shingles
Total Parking Spaces 3
Building
Foundation Concrete
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Lited by EXP REALTY
Nearby Locations
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