None
Forced Air
$1,069,900
View slideshow for some extra pics! Maximize Rents and choose your own tenants in Centretown! With a slight alteration this property can produce a 6%+ cap rate!! Location ++ walking distance to trendy Bank St, Parliament hill, the Glebe, Lansdowne and close to both Universities. This classic Victorian building underwent an overhaul in 2017 including a 3 storey addition making for open living spaces, and good sized bedrooms. Easy to rent! Also in 2017, fully re-wired, plumbed, many windows, etc. Each unit has it’s own balcony and laundry too. Currently used 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, 3 heating systems (2017), and space for the 3rd gas meter when it's time. Excellent investment in Downtown Ottawa! (id:35885)
Property Details
MLS® Number
|
1405799 |
Property Type
|
Multi-family |
Neigbourhood
|
Centretown |
Parking Space Total
|
1 |
Building
Basement Development
|
Unfinished |
Basement Type
|
Full (unfinished) |
Constructed Date
|
1907 |
Cooling Type
|
None |
Exterior Finish
|
Brick, Siding |
Flooring Type
|
Hardwood, Tile |
Foundation Type
|
Stone |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Stories Total
|
3 |
Type
|
Duplex |
Utility Water
|
Municipal Water |
Parking
Land
Access Type
|
Highway Access |
Acreage
|
No |
Sewer
|
Municipal Sewage System |
Size Depth
|
66 Ft |
Size Frontage
|
33 Ft |
Size Irregular
|
33 Ft X 66 Ft |
Size Total Text
|
33 Ft X 66 Ft |
Zoning Description
|
R4s[478] |
https://www.realtor.ca/real-estate/27270938/501-lyon-street-ottawa-centretown