Space
Finished area and layout
- Square Feet
- 1,500-2,000 sqft
- Bedrooms
- 6
- Bathrooms
- 5
+45 more
6
Bedrooms
5
Bathrooms
1,500-2,000 sqft
Square Feet
66 x 33 FT
Lot
3
Parking
Property Snapshot
Key details for this listing
MLS #X13844228
Property
Type, style and structure
- Type
- residential
- Style
- multiplex / Multiplex
- Structure
- 2-Storey
- Ownership
About This Property
This 6-bedroom, 5-bathroom multiplex in Ottawa Centre offers 1,500-2,000 sqft of square feet on a 66 x 33 FT lot. 2 storeys. The property has zoned R4S[478], Unassigned. The home features central air, a apartment basement. Highlights include a none pool.
MLS Remarks
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. (id:60351)
Full Listing Details
Address514 Lyon Street N, Ottawa Centre, ON K1R 5X9
MLS#X13844228
Listing StatusActive
Property TypeResidential
Sub-TypeMultiplex
TransactionSale
List DateSep 30, 2026
Days on Market25
Common InterestFreehold
Annual Tax$8,688 (2025)
Parking3
Parking TypeAvailable
Structure TypeOther
Style2-Storey
ConstructionVinyl Siding
Bedrooms6
Bathrooms5
Bedrooms Above Grade6
Square Feet1,500-2,000 sqft
Kitchens5
Stories2
CityOttawa Centre
ProvinceOn
Postal CodeK1R 5X9
Lot Dimensions66 x 33 FT
Frontage66.0 feet
ZoningR4S[478], Unassigned
Zoning DetailsR4S[478], Unassigned
Total Parking3
Parking FeaturesAvailable
CoolingCentral Air
BasementApartment
RoofShingles
FoundationConcrete
PoolNone
SewerSewer
Annual Tax$8,688 (2025)
From Hwy 417, exit at Bronson Ave, head north, turn right onto Gladstone Ave, then left onto Lyon St N. Property is on the right at 514 Lyon St N.
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
