501 LYON St, Ottawa Centre

501 LYON St, 4103 - Ottawa Centre, Ottawa Centre K1R5X6

Duplex Property

33.00 x 66.00

Major Highway
Full, Unfinished Basement
Brick, Metal/Side Exterior

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

Pt Lt 28, Pl 30 , N/S Flora Street, As In N496071 ; Ottawa/Nepean