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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$1,019,888
Available - For Sale
Listing ID: X11986175
This classic 2-story Victorian underwent a complete overhaul in 2017 with a 3rd story addition on the top and a full 3-story addition on the back. Currently configured as a 6-bedroom legal DUPLEX with 2 car tandem parking, yielding $53,400 Net Operating Income. Tenants pay gas and hydro. Vacant possession available. Pick your own tenants. -- Convert to THREE UNIT PROPERTY to increase cash flow and to significantly increase the appraised value. -- The 2017 overhaul planned for an eventual conversion to THREE UNITS. All plumbing, electrical and HVAC was replaced and configured anticipating the conversion. A third kitchen/laundry is roughed in on the new 3rd level. Correct fire rated separations between floors and egress, independent forced air heating and electrical systems for each floor. As a THREE UNIT Property, the Effective Gross Income is projected at $77,000 per year. Current DUPLEX configuration: Unit 1 - Main Level: 2 bed, one 3 pc bath, eat-in kitchen, large living room, with 85 SF balcony and exclusive back yard access. Unit 2 - Second Level: Two-story, 4 bed, 3 x 3 pc baths, eat in kitchen, living room, huge family room, three balconies - a private 87 SF at the back on the second level, 40 SF on the front and another 87 SF on the back on the third level. A partly finished basement with electric rad heat offers tons of storage for the landlord. Live in and rent a unit, or great updated turnkey investment for your portfolio. Optional THREE UNIT configuration separates the two-story Second Level Unit into TWO separate units consisting of: Unit 2 - Second Level: 830 SF, 2 bed, two 3-pc baths, with eat in kitchen and living room, and Unit 3 - Third Level: 630 SF 2 bed, one 3 pc bath, with large eat in kitchen/ great room. Three Unit alteration was 90% complete during the 2017 overhaul and ready when you are. Ask your agent for list of UPDATES, DUPLEX and projected THREE UNIT Financials and Concept sheet. Come make 501 Lyon Street your new investment!
Price $1,019,888
Taxes: $5,408
Occupancy by: Vacant
Address: 501 Lyon Stre North , Ottawa Centre, K1R 5X6, Ottawa
Directions/Cross Streets: Lyon and McLeod
Rooms: 25
Rooms +: 0
Bedrooms: 6
Bedrooms +: 0
Washrooms: 4
Family Room: T
Basement: Partially Fi
Full
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Basement Workshop 28.63 18.89
Room 2: Main Living Ro 12.37 17.84
Room 3: Main Kitchen 12.73 9.15
Room 4: Main Bedroom 11.78 10.43
Room 5: Main Bedroom 10.30 13.28
Room 6: Second Living Ro 9.81 13.15
Room 7: Second Kitchen 11.02 10.00
Room 8: Second Bedroom 10.66 11.18
Room 9: Second Bedroom 9.74 13.12
Room 10: Third Great Roo 16.10 16.79
Room 11: Third Bedroom 14.50 16.47
Room 12: Third Bedroom 10.96 11.81
Room 13: Main 4.49 13.19 Balcony
Room 14: Second 4.49 13.19 Balcony
Room 15: Second 5.18 7.51 Balcony
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  3 Second
Washroom 3:  3 Third
Washroom 4:  0
Washroom 5:  0
Property Type: Duplex
Style: 3-Storey
Exterior: Brick
Metal/Steel Sidi
Garage Type: None
Drive Parking Spaces: 2
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 2000-2500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
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ROYAL LEPAGE TEAM REALTY

501 Lyon Stre North , Ottawa Centre, K1R 5X6, Ottawa

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Freehold - Duplex
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
Style: 3-Storey
Lot Size: x 66.00(Feet)
Approximate Age: 100+
Tax: $5,408
Maintenance Fee: $0
Beds: 6
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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