514 Lyon Street N, Ottawa, Ontario

About 514 Lyon Street N

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:6289)

More Info on this 4103 - Ottawa Centre Multi-Family MLS® listing

514 Lyon Street N is a multi-family listing for sale in Ottawa. The MLS® number is X13843756. It covers 3,000 square feet. It's currently listed for $1,375,000. For more details on MLS® X13843756, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in 4103 - Ottawa Centre is available now!

Selling your 4103 - Ottawa Centre Multi-Family property?

Have a similar home to 514 Lyon Street N? If you’re thinking about selling your 4103 - Ottawa Centre multi-family property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Ottawa property.

Listing Map