514 Lyon Street North
Ottawa Centre, Ottawa, ON K1R5X9
$1,375,000
About this property
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:67282)
Property details
- MLS® number
- X13844228
- Property type
- Multi-Family
- Building style
- Other
- Lot size
- 66 x 33 FT
- Parking
- No Garage · 3 spaces
- Annual taxes
- $8,688
- Neighbourhood
- Ottawa Centre
- Listed
- Sep 30, 2026
Highlights
- Basement: Apartment in basement, N/A
- Heating: Baseboard heaters, Forced air, Natural gas
- Central air conditioning
- Separate Electricity Meters
Location
Listed by eXp Realty. Information deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and REALTOR® are trademarks of The Canadian Real Estate Association (CREA). View this listing on REALTOR.ca