514 LYON STREET N

Key facts

• Property type: Multi-family
• Transaction: For Sale
• Price: class="container" id="details-container",350,000
• Interior size: 3,000 sqft
• Lot size: 66 x 33 FT
• Parking: 3
• Listing key: 29847905

Listing overview

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 class="container" id="details-container".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 d...