514 Lyon Street N,Ottawa Centre, ON K1R 5X9
Ottawa Centre, ON K1R 5X9
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.
Details
| MLS # | X13843756 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 29 |
| Listing Provided By | EXP REALTY | X13843756 488706 |
Features
| SQ Feet | 3,000 |
|---|---|
| Acreage | 0.07 |
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Major Highway, Public Transit |
|---|
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 8688 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Ottawa Centre |
| Postal Code | K1R 5X9 |
| Area | 4103 Ottawa Centre |
| Listing VS Median (in K1R 5X9) | |
Price: $1,375,000 low | high Med: $1,375,000 sqft: 3,000 low | high Med: 3,000 $ / sqft: $458 low | high Med: $458 On site: 29 low | high Med: 29 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Ottawa Centre |
| Postal Code | K1R 5X9 |
| Area | 4103 Ottawa Centre |
| Listing VS Median (in K1R 5X9) | |
Price: $1,375,000 low | high Med: $1,375,000 sqft: 3,000 low | high Med: 3,000 $ / sqft: $458 low | high Med: $458 On site: 29 low | high Med: 29 | |
