For Sale: 514 Lyon Street N, Ottawa, ON - REW
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$1,350,000
6 bd • 5 ba • 1500 - 1999 sf • Multifamily
514 Lyon Street N
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$1,350,000
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514 Lyon Street NOttawa, ON, K1R 5X9

Centretown
  • 6 Bed
  • 5 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Ayden Webster, Salesperson, EXP REALTY

Home facts and features

Price details
List Price
$1,350,000
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Gross Taxes for 2025
$8,688
Home facts
Bedrooms
6
Full Bathrooms
5
Parking Spaces
3
Parking Details
No Garage
Property Type
Multifamily
Depth
33 feet
Frontage
66.0 feet
Exterior Finish
Vinyl siding
Heating Type
Baseboard heaters, Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Apartment in basement,
Features
Separate Electricity Meters
Community
Agent details
Primary Agent
Ayden Webster
Primary Broker
EXP REALTY
Secondary Agent
Justin Salazar
Secondary Broker
EXP REALTY
Tertiary Agent
Jack Anbara
Tertiary Broker
EXP REALTY
Listing details
Days on REW
5 Days
MLS® Number
X13236514
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
Interest Rate
3.99%

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Property Insights

Glashan Public School
  • Public
  • 7 - 8
Cambridge Street Community Public School
  • Public
  • JK - 6
Glebe Collegiate Institute
  • Public
  • 9 - 12
First Avenue Public School
  • Public
  • JK - 6
St Anthony Elementary School
  • Catholic
  • JK - 6
Centennial Public School
  • Public
  • JK - 8
Corpus Christi Catholic Elementary School
  • Catholic
  • JK - 6
Elgin Street Public School
  • Public
  • JK - 6
Mutchmor Public School
  • Public
  • JK - 6
Lisgar Collegiate Institute
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Ayden Webster
Phone:
(613) 899-5319
Office:
866-530-7737
Salesperson
Justin Salazar
Phone:
(613) 724-0895
Office:
866-530-7737
Salesperson
Jack Anbara
Phone:
(613) 371-4840
Office:
866-530-7737
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.