Flooring: Tile, Triplex alteration 90% complete and prepared so you can produce a 6%+ cap rate!! Rents conservatively based on 3units @2100/unit. Tenants pay gas and hydro. All living space above grade. NO BASEMENT UNIT. This classic Victorian building underwent an overhaul in 2017 including a 3 storey addition, attic conversion, 3 separate gas furnaces, fire escapes and balconies, fully re-wired, plumbed, many windows, and separate laundry. Currently set us 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, and space for the 3rd gas meter when it's time. Tandem parking for 2 cars. Excellent investment in Downtown Ottawa! View slideshow for some extra pics! Maximize Rents and choose your own tenants in Centretown!, Flooring: Hardwood |
Price | $1,069,800 |
Taxes: | $5408.00 |
Address: | 501 LYON St , Ottawa Centre, K1R 5X6, Ontario |
Lot Size: | 33.00 x 66.00 (Feet) |
Directions/Cross Streets: | Lyon at Mcleod st. |
Rooms: | 0 |
Rooms +: | 0 |
Kitchens: | 0 |
Kitchens +: | 0 |
Family Room: | N |
Basement: | Full, Unfinished |
Property Type: | Duplex |
Exterior: | Brick, Metal/Side |
Garage Type: | Public |
Pool: | None |
Property Features: | Major Highwa |
Heat Source: | Gas |
Heat Type: | Forced Air |
Central Air Conditioning: | None |
Sewers: | Sewers |
Water: | Municipal |
Utilities-Gas: | Y |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RE/MAX HALLMARK REALTY GROUP |
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Type: | Freehold - Duplex |
Area: | Ottawa |
Municipality: | Ottawa Centre |
Neighbourhood: | 4103 - Ottawa Centre |
Lot Size: | 33.00 x 66.00(Feet) |
Tax: | $5,408 |
Pool: | None |