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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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$1,375,000
Available - For Sale
Listing ID: X13843756
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 $89,760 in gross annual income at a 5.3% 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. An option for a second position VTB is also available; contact the listing agent for details. The property has undergone extensive recent upgrades, including fully renovated units throughout, new windows (2023), and a new furnace and hot water tank (2023). With all major capital improvements completed, 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 includes 3 parking spaces across two driveways. The building is fully tenanted and stabilized, providing reliable, in-place cash flow from day one and a secure, low-risk investment for the new owner. This is an exceptional opportunity to acquire a stabilized multi-residential asset with strong income, attractive financing options, and significant recent improvements in one of Ottawa's premier rental neighbourhoods.
Price $1,375,000
Taxes: $8,688
Tax Type: Annual
Occupancy by: Tenant
Address: 514 Lyon Street North , Ottawa Centre, K1R 5X9, Ottawa
Postal Code: K1R 5X9
Province/State: Ottawa
Directions/Cross Streets: Lyon St N / Flora St
No. of Pieces Level
Washroom 1:  0
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Washroom 24:  0
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Washroom 26:  0
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Category: Apartment
Building Percentage: T
Total Area: 3,000
Total Area Code:  Square Feet
Area Influences: Major Highway   Public Transit
Maintenance: 0
Water Expense: $2218
Expenses Actual/Estimated: $Act
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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EXP REALTY

514 Lyon Street North , Ottawa Centre, K1R 5X9, Ottawa

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Stan Khurana
Sales Representative
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Type: Com - Investment
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
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Lot Size: x 33.00(Feet)
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Tax: $8,688
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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