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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$1,300,000
Available - For Sale
Listing ID: X12751336
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.
Price $1,300,000
Taxes: $9,294
Occupancy by: Tenant
Address: 55 Ivy Crescent , New Edinburgh - Lindenlea, K1M 1Y1, Ottawa
Directions/Cross Streets: Beechwood to MacKay
Rooms: 13
Rooms +: 5
Bedrooms: 5
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: Full
Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 12.17 15.65
Room 2: Main Kitchen 12.99 11.32 Combined w/Dining
Room 3: Main Bedroom 11.38 11.28 Closet, Double Closet
Room 4: Main Bedroom 11.35 11.28 Double Closet
Room 5: Main Bathroom 4.92 7.35 4 Pc Bath
Room 6: Second Living Ro 12.17 15.78
Room 7: Second Kitchen 12.96 11.38 Combined w/Dining
Room 8: Second Bedroom 11.28 11.41
Room 9: Second Primary B 11.38 11.41 Double Closet
Room 10: Second Bathroom 4.92 7.35 4 Pc Bath
Room 11: Second Mud Room 6.00 7.54 Combined w/Laundry
Room 12: Second Solarium 15.68 7.58
Room 13: Lower Living Ro 11.68 15.25
Room 14: Lower Kitchen 12.82 10.99
Room 15: Lower Bedroom 12.86 10.92
No. of Pieces Level
Washroom 1:  4
Washroom 2:  4
Washroom 3:  4
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4
Washroom 7:  4
Washroom 8:  4
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4
Washroom 12:  4
Washroom 13:  4
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4
Washroom 17:  4
Washroom 18:  4
Washroom 19:  0
Washroom 20:  0
Washroom 21:  4
Washroom 22:  4
Washroom 23:  4
Washroom 24:  0
Washroom 25:  0
Washroom 26:  4
Washroom 27:  4
Washroom 28:  4
Washroom 29:  0
Washroom 30:  0
Washroom 31:  4
Washroom 32:  4
Washroom 33:  4
Washroom 34:  0
Washroom 35:  0
Washroom 36:  4
Washroom 37:  4
Washroom 38:  4
Washroom 39:  0
Washroom 40:  0
Washroom 41:  4
Washroom 42:  4
Washroom 43:  4
Washroom 44:  0
Washroom 45:  0
Washroom 46:  4
Washroom 47:  4
Washroom 48:  4
Washroom 49:  0
Washroom 50:  0
Washroom 51:  4
Washroom 52:  4
Washroom 53:  4
Washroom 54:  0
Washroom 55:  0
Washroom 56:  4
Washroom 57:  4
Washroom 58:  4
Washroom 59:  0
Washroom 60:  0
Washroom 61:  4
Washroom 62:  4
Washroom 63:  4
Washroom 64:  0
Washroom 65:  0
Property Type: Triplex
Style: 2-Storey
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: Available
Drive Parking Spaces: 1
Park #1
Parking Type: Available
Park #2
Parking Type: Available
Pool: None
Other Structures: Workshop, Addi
Approximatly Age: 51-99
Approximatly Square Footage: 1500-2000
Property Features: Wooded/Treed
Public Transit
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: Water
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
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RE/MAX HALLMARK REALTY GROUP

55 Ivy Crescent , New Edinburgh - Lindenlea, K1M 1Y1, Ottawa

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Stan Khurana
Sales Representative
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6473836000
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Type: Freehold - Triplex
Area: Ottawa
Municipality: New Edinburgh - Lindenlea
Neighbourhood: 3302 - Lindenlea
Style: 2-Storey
Lot Size: x 100.00(Feet)
Approximate Age: 51-99
Tax: $9,294
Maintenance Fee: $0
Beds: 5
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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