-
514 LYON STREET N in 4103 - Ottawa Centre
514 LYON STREET N Ottawa K1R 5X9 
$1,375,000Multi-family- Status:
- Active
- MLS® Num:
- X13843756
- Floor Area:
- 3,000 sq. ft.
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; contact the listing agent for details. 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. (id:2493) More detailsListed by EXP REALTY
- SUSAN CHELL
- RE/MAX HALLMARK
- 1 (613) 8297484
- Contact by Email
-
514 LYON STREET N in 4103 - Ottawa Centre
514 LYON STREET N Ottawa K1R 5X9
$1,375,000Multi-family- Status:
- Active
- MLS® Num:
- X13844228
- Bedrooms:
- 6
- Bathrooms:
- 5
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; contact the listing agent for details. 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. (id:2493) More detailsListed by EXP REALTY - SUSAN CHELL
- RE/MAX HALLMARK
- 1 (613) 8297484
- Contact by Email
-
124-126 IRVING AVENUE in 4203 - Hintonburg
124-126 IRVING AVENUE Ottawa K1Y 1Z4
$1,779,900Multi-family- Status:
- Active
- MLS® Num:
- X13838414
- Bedrooms:
- 10
- Bathrooms:
- 6
Offered for the first time in nearly 50 years, this impressive three-storey, red-brick six-unit building presents a rare investment opportunity in the heart of Hintonburg. Lovingly maintained and thoughtfully updated, the property combines classic character, and significant improvements to major building systems. Unit features include hardwood floors, high ceilings, fireplaces, generous sized principal rooms, enclosed sunrooms, large west-facing rear patios providing valuable outdoor living space, and absolutely fantastic tenants. Extensive updates over the years include a complete electrical upgrade (2014-2022), all modern plumbing including stacks (mostly 2022), windows (mostly 2019+), architectural style roofing (2017-2019) and heating systems (2022), offering an excellent foundation for continued ownership. Ideally positioned just steps from Hintonburg's shops, restaurants, cafés and transit, the property benefits from an exceptional central location and strong tenant appeal. Gross income of $120,240, and expenses of $26,923, gives 124-126 Irving Avenue a strong CAP rate of 5.24% with room to increase. This is a rare opportunity to acquire a substantial multi-residential property in one of Ottawa's most desirable urban neighbourhoods. 2026 Fire Code Compliance Certificate will be made available to the buyer on or before closing. (id:2493) More detailsListed by RE/MAX HALLMARK REALTY GROUP - SUSAN CHELL
- RE/MAX HALLMARK
- 1 (613) 8297484
- Contact by Email
Data was last updated October 1, 2026 at 07:15 AM (UTC)
powered by myRealPage.com
