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:4069)
| Address |
501 LYON STREET |
| List Price |
$1,069,800 |
| Property Type |
Multi-family |
| Type of Dwelling |
Duplex |
| Area |
Ontario |
| Sub-Area |
Ottawa |
| Lot Size |
33 ft X 66 ft Sq. Ft. |
| Year Built |
1907 |
| MLS® Number |
1405799 |
| Listing Brokerage |
RE/MAX HALLMARK REALTY GROUP
|
| Basement Area |
Full (Unfinished) |
| Postal Code |
K1R5X6 |
| Zoning |
R4S[478] |
| Site Influences |
Shopping |
