6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514

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6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 1
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 2
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 3
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 4
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 5
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 6
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 7
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 8
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 9
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 10
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 11
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 12
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 13
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 14
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 15
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 16
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 17
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 18
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 19
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 20
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 21
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 22
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 23
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 24
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 25
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 26
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 27
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 28
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 29
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 30
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 31
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6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 33
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 34
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 35
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 36
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 37
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 38
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6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 45
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 46
6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 47
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6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514 - Image 49
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Active
$1,350,000

514 LYON STREET N, Ottawa

6 Beds • 5.0 Baths • Multi-Family
MLS# X13236514
  • Multi-Family
  • Spacious 6-bedroom layout
  • Ottawa location
613-369-5199

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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. (id:66401)

Property Details

Bedrooms 6
Bathrooms 5.0
Property Type Multi-Family

Location

514 LYON STREET N, Ottawa, Ontario, K1R5X9

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14 Chamberlain Ave. #101, Ottawa, ON K1S 1V9

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Regarding: 6 Bed, 5 Bath Multi-Family for Sale in Ottawa – 514 LYON STREET N, Ottawa – MLS# X13236514

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$1,350,000
514 LYON STREET N, Ottawa
6 Beds • 5.0 Baths • Multi-Family
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