For Sale: 55 Ivy Crescent, Ottawa, ON - REW
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$1,300,000
5 bd • 3 ba • 1500 - 1999 sf • Multifamily
55 Ivy Crescent
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$1,300,000
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55 Ivy CrescentOttawa, ON, K1M 1Y1

Lindenlea - New Edinburgh
  • 5 Bed
  • 3 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

Exceptional Investment Opportunity - Turnkey Triplex + Studio in Prestigious New Edinburgh/Lindenlea. Strong income-producing asset with a 5.4% cap rate, gross income of $88,800, and NOI of $70,856, supporting approximately $1,250,000 in financing at current rates - a true money maker. Unit 1 is leased at $1,850/month + hydro, Unit 2 (vacant) offers market rent of approximately $2,500/month, Unit 3 is rented at $2,500/month + hydro, and the studio/workshop generates $550/month, providing stable income with upside. Ideally located steps to Global Affairs, Beechwood Village, and scenic pathways along the Ottawa and Rideau Rivers, and within walking distance to the ByWard Market and the Governor General's Residence. This meticulously maintained all-brick purpose-built triplex plus separate studio/workshop within a double detached garage is a turnkey investment. The lower level features a renovated 1-bedroom unit with hardwood floors and a modern 2025 bathroom, the main floor offers a bright 2-bedroom unit with refinished hardwood, renovated bath, large eat-in kitchen, and oversized deck with garden access, while the second floor includes a 2-bedroom + den + solarium unit with hardwood throughout, updated kitchen and bath, and private laundry. The insulated studio/workshop with its own electrical panel is ideal for a gym, office, or added income. Additional features include an enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, A/C in the basement unit, tandem multi-car driveway plus garage parking, and professional painting throughout. Extensive upgrades include foundation waterproofing, roof replacement, owned hot water tanks, rebuilt rear stairs and deck, upgraded appliances, added dishwashers, new faucets, renovated bathrooms, and refinished hardwood floors. SEE LAST PHOTO FOR FULL FINANCIAL PROFILE. (id:63626)
Listed by: Nancy Benson, Salesperson, RE/MAX HALLMARK REALTY GROUP

Home facts and features

Price details
List Price
$1,300,000
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Gross Taxes for 2026
$9,294
Home facts
Bedrooms
5
Full Bathrooms
3
Parking Spaces
1
Parking Details
Detached Garage, Garage
Property Type
Multifamily
Depth
100 feet
Frontage
35.0 feet
Exterior Finish
Brick
Heating Type
Natural gas
Cooling
Window air conditioner
Basement Details
Finished, Full
Features
Carpet Free, Paved yard, Separate Electricity Meters, Smoke Detectors, Wooded area
Appliances
Dishwasher, Dryer, Garage door opener remote(s), Hood Fan, Refrigerator, Stove, Washer, Water Heater, Water meter
Community
Agent details
Primary Agent
Nancy Benson
Primary Broker
RE/MAX HALLMARK REALTY GROUP
Listing details
Days on REW
122 Days
Property Views
73
MLS® Number
X12751336
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

St Brigid Elementary School
  • Catholic
  • JK - 6
ÉEP Trille des Bois
  • Public
  • JK - 8
ÉEP De la Salle
  • Public
  • 7 - 8
ÉSP De La Salle
  • Public
  • 9 - 12
É Élém C Sainte-Anne
  • Catholic
  • JK - 8
Répit-Transit
  • Public
  • JK - 12
ÉEP Le Trillium
  • Public
  • JK - 6
York Street Public School
  • Public
  • JK - 8
Assumption Catholic Elementary School
  • Catholic
  • JK - 6
É Élém C Horizon-Jeunesse
  • Catholic
  • JK - 6
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
Nancy Benson
Phone:
(613) 747-4747
Office:
613-236-5959
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