501 LYON

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Description

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!! (based on 3units @2100/unit) 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:39198)

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Additional media

https://www.londonhousephoto.ca/501-lyon-street-north-ottawa/?ub=true

Property taxes

$5,408.00 per year / $450.67 per month

Basement

Unfinished, Full

Year build

1907

Type

Multi-family

Bedrooms

null

Bathrooms

null

Parking spots

1 Total

Floor

Tile, Hardwood

Balcony

-

Pool

-

External material

Brick | Siding

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Forced air, Natural gas

Fire place(s)

-