501 Lyon Street
Ottawa (Ottawa Centre), ON K1R 5X6
- —Bedrooms
- —Bathrooms
- 2Parking
- —Sq Ft
- $5,408Tax
- 33×66 ftLot Size
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About 501 Lyon Street, Ottawa, Ottawa Centre
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
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $5,408
- Land Transfer Tax Fee
- $17,871
Rental Items
- Rental Equipment
- none
- Basement Type
- Full, Unfinished
Interior Features
- Interior Extras
- Unknown
- Security Features
- Unknown
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Major Highway
Building
- Building Type
- Multiplex
- Building Style
- Unknown
Construction
- Exterior Finish
- Brick, Metal/Steel Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Stone
- Special Designation
- Unknown
Lot
- Lot Front
- 33.00 ft
- Lot Depth
- 66.00 ft
Parking & Garages
- Garage Type
- Public
- Garage Spaces
- 2
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 2
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Yes
- Municipality
- Ottawa
- Neighbourhood
- Ottawa Centre
- Main cross streets
- Lyon at Mcleod st.
- Zoning
- R4S[478]
- Directions
- Lyon at Mcleod st.
- MLS® number
- X9518677
- Data source
- oreb
- Status change
- 2024-11-30
- Listed on
- 2024-08-08
- Days on market
- 114 days
- Possession type
- Immediately
- Co-op commission
- 2
- Seller
- Listed by
- RE/MAX HALLMARK REALTY GROUP
Home Market Value
Current home valuation for 501 Lyon Street, Ottawa, Ottawa Centre, Ottawa, ON. Listed for $1,069,800
HOMEH Estimate
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Estimated Sales Range
—
HOMEH Estimate for 501 Lyon Street, Ottawa, Ottawa Centre
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $569,800 over $500K
$81,980
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $39,497 | $29,847 | $25,461 | $0 |
=Total mortgage | $1,026,922 | $992,667 | $934,791 | $855,840 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $5,014monthly | $4,847monthly | $4,564monthly | $4,179monthly |
Land Transfer Tax
$17,871
$17,871
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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