Deanna Parisi direct 613-859-7704 | David Parisi direct 613-859-4047

501 LYON STREET
Ottawa, Ontario K1R5X6

  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa
  • 501 LYON STREET Ottawa

$1,069,800

ID# 1405799

None Forced air

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! (id:25961)
LEARN MORE ABOUT THIS PROPERTY
Courtesy of RE/MAX HALLMARK REALTY GROUP

Listed on: August 08, 2024

On market: 106 days
Year Built 1907
Cooling Type None
Flooring Type Hardwood, Tile
Heating Type Forced air
Heating Fuel Natural gas
Stories Total 3

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501 LYON STREET

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Deanna Parisi

Realtor®

Direct: 613-859-7704

Deanna@theParisiGroup.ca

David Parisi

Realtor®

Direct: 613-859-4047

David@theParisiGroup.ca

376 Churchill Ave. N,

Unit 101

Ottawa, Ontario

613-755-2278

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