$1,300,000
Available - For Sale
Listing ID: X12751336
55 Ivy Crescent , New Edinburgh - Lindenlea, K1M 1Y1, Ottawa
| Exceptional Investment Opportunity - Purpose-Built Triplex + Studio in Prestigious New Edinburgh/Lindenlea Rarely offered, this meticulously maintained all-brick purpose-built triplex plus separate studio/workshop (could be a great GYM) is part of a double detached garage. Truly turnkey property offering strong income, Property Overview - Unit 1 (Lower Level): 1 bedroom, leased at $1,850/month + hydro. Hardwood floors, spacious kitchen, and fully renovated modern bathroom (2025).Unit 2 (Main Floor - Vacant): 2 bedrooms, market rent $2,500/month. Refinished hardwood floors, renovated bathroom, large eat-in kitchen, oversized deck, and garden access. Unit 3 (Second Floor): 2 bedrooms + den and an Solarium, rented at $2,500/month + hydro. Hardwood throughout, renovated kitchen and bath, private laundry. Studio/Workshop (Vacant): Insulated with separate electrical panel, market rent $500/month. Ideal for studio, office, or GYM or simply added income. Detached Garage with expansion potential. Additional Features Enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, window A/C unit in basement apartment Multi-car driveway (tandem)plus garage parking, professionally painted throughout, and excellent long-term tenants in Units 1 & 3.Recent Upgrades - Foundation waterproofing, new flooring, owned hot water tanks, roof replacement, restructured rear stairs and deck, upgraded appliances, new faucets, dishwashers added, renovated bathrooms, and refinished hardwood floors. Location Steps to Global Affairs, Beechwood Village, leisure pathways along the Ottawa & Rideau rivers, walking distance to the Byward Market and Governor General's Residence. A truly special property offering flexibility, character, and premium rental income. Full financials available on agent website. 5.4% Cap. NOI $70,256 Covers $1,250,000 in mortgage at current rates a true money maker! |
| Price | $1,300,000 |
| Taxes: | $9294.00 |
| Occupancy: | Tenant |
| Address: | 55 Ivy Crescent , New Edinburgh - Lindenlea, K1M 1Y1, Ottawa |
| Directions/Cross Streets: | Beechwood to MacKay |
| Rooms: | 13 |
| Rooms +: | 5 |
| Bedrooms: | 5 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Full, Finished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 12.17 | 15.65 | |
| Room 2 | Main | Kitchen | 12.99 | 11.32 | Combined w/Dining |
| Room 3 | Main | Bedroom | 11.38 | 11.28 | Closet, Double Closet |
| Room 4 | Main | Bedroom | 11.35 | 11.28 | Double Closet |
| Room 5 | Main | Bathroom | 4.92 | 7.35 | 4 Pc Bath |
| Room 6 | Second | Living Ro | 12.17 | 15.78 | |
| Room 7 | Second | Kitchen | 12.96 | 11.38 | Combined w/Dining |
| Room 8 | Second | Bedroom | 11.28 | 11.41 | |
| Room 9 | Second | Primary B | 11.38 | 11.41 | Double Closet |
| Room 10 | Second | Bathroom | 4.92 | 7.35 | 4 Pc Bath |
| Room 11 | Second | Mud Room | 6 | 7.54 | Combined w/Laundry |
| Room 12 | Second | Solarium | 15.68 | 7.58 | |
| Room 13 | Lower | Living Ro | 11.68 | 15.25 | |
| Room 14 | Lower | Kitchen | 12.82 | 10.99 | |
| Room 15 | Lower | Bedroom | 12.86 | 10.92 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | |
| Washroom Type 2 | 4 | |
| Washroom Type 3 | 4 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | |
| Washroom Type 7 | 4 | |
| Washroom Type 8 | 4 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | |
| Washroom Type 12 | 4 | |
| Washroom Type 13 | 4 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | |
| Washroom Type 17 | 4 | |
| Washroom Type 18 | 4 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 4 | |
| Washroom Type 22 | 4 | |
| Washroom Type 23 | 4 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 4 | |
| Washroom Type 27 | 4 | |
| Washroom Type 28 | 4 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 4 | |
| Washroom Type 32 | 4 | |
| Washroom Type 33 | 4 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 | |
| Washroom Type 36 | 4 | |
| Washroom Type 37 | 4 | |
| Washroom Type 38 | 4 | |
| Washroom Type 39 | 0 | |
| Washroom Type 40 | 0 | |
| Washroom Type 41 | 4 | |
| Washroom Type 42 | 4 | |
| Washroom Type 43 | 4 | |
| Washroom Type 44 | 0 | |
| Washroom Type 45 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | Detached |
| (Parking/)Drive: | Available |
| Drive Parking Spaces: | 1 |
| Park #1 | |
| Parking Type: | Available |
| Park #2 | |
| Parking Type: | Available |
| Pool: | None |
| Other Structures: | Workshop, Addi |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Wooded/Treed, Public Transit |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Water |
| Central Air Conditioning: | Window Unit |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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| RE/MAX HALLMARK REALTY GROUP |
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Ottawa |
| Municipality: | New Edinburgh - Lindenlea |
| Neighbourhood: | 3302 - Lindenlea |
| Style: | 2-Storey |
| Approximate Age: | 51-99 |
| Tax: | $9,294 |
| Beds: | 5 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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