• 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
  • +1-905-744-6000
  • info@findhomes.ca
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514 Lyon Street N, Ottawa Centre, ON K1R 5X9

514 Lyon Street N, Ottawa Centre, ON K1R 5X9

Ottawa Centre, ON, K1R 5X9 · 4103 - Ottawa Centre

6 Beds
5 Baths
— Sq Ft
3 Parking
Multiplex Type
X13236514 MLS#

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 $97,740 in gross annual income at a 5.8% 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. The property has undergone extensive recent upgrades, including fully renovated units throughout, new windows installed in 2023, and a new furnace and hot water tank installed in 2023. With all major capital improvements completed and the remaining building components in good condition, 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 comes with 3 parking spaces across the two driveways on site. This is an exceptional opportunity to acquire a stabilized multi-residential asset with strong income, attractive assumable financing, and significant recent improvements in one of Ottawa's premier rental neighbourhoods. Unit B, D, and E are currently vacant (rent is projected based on prior leases) - these units can be leased prior to closing or held vacant for the purchaser.

Features & Amenities

  • Basement: Apartment
  • Garage: None
  • Cooling: Central Air
  • Heat Type: Baseboard
  • Heat Source: Gas
  • Style: 2-Storey
  • Construction: Vinyl Siding
  • Sewer: Sewer

Property Details

Property Type Residential Freehold
Property Sub-Type Multiplex
Architectural Style 2-Storey
Bedrooms 6
Bathrooms 5
Basement Apartment
Garage None
Parking Spaces 3
Heat Type Baseboard
Heat Source Gas
Cooling Central Air
Sewer Sewer
Annual Tax $8,688
Tax Year 2026

Interior Features

Interior Features
Separate Hydro Meter

Exterior Features

Pool Features
None

Building & Construction

Architectural Style
2-Storey
Construction Materials
Vinyl Siding
Foundation Details
Concrete
Roof
Shingles
Basement
Apartment

Heating & Cooling

Heat Type
Baseboard
Heat Source
Gas
Cooling
Central Air

Parking & Garage

Garage Type
None
Parking Spaces
3
Parking Total
3.00
Parking Features
Available
Covered Spaces
0

Lot & Land

Lot Size Units
Feet
Lot Depth
33.00
Lot Width
66.00

Financial & Tax

Tax Annual Amount
$8,688
Tax Year
2026
Possession Type
Flexible
Possession Details
TBD

Utilities & Services

Sewer
Sewer

Room Details

Rooms Above Grade
15
Kitchens Above Grade
5
Kitchens Total
5
Bedrooms Above Grade
6

Additional Details

Occupant Type
Tenant
Direction Faces
West
County Or Parish
Ottawa
Cross Street
Lyon St N / Flora St
Directions
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.
Special Designation
Unknown
Showing Requirements
List Salesperson

Location

514 Lyon Street N, Ottawa Centre, ON K1R 5X9, Ottawa Centre, ON, K1R 5X9

Listing courtesy of EXP REALTY
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  • +1-905-744-6000
  • info@findhomes.ca
  • 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
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