REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,225,000
Est. payment /mo
New
55 IVY CRESCENT Ottawa, ON K1M1Y1
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Subdivision 3302 - Lindenlea
MLS® Listing ID X13797412
Bedrooms 5
Property Description
Exceptional Investment Opportunity - Turnkey Triplex + Studio in Prestigious New Edinburgh/Lindenlea. Strong income-producing asset with a 5.68% cap rate, gross income of $87,000, and NOI of $69,546, supporting approximately $1,250,000 in financing at current rates - a true money maker. Unit 1 - Leased ($1,850/month + hydro), Unit 2 -(vacant) Great for owner live-in (market rent $2,300/month), Unit 3 - Leased ($2,550/month + hydro), + Studio/workshop - Leased ($550/month incl. Hydro). Ideally located steps to Global Affairs, Beechwood Village, and scenic pathways along the Ottawa and Rideau Rivers. Walking distance to the ByWard Market and the Governor General's Residence & Global Affairs. This meticulously maintained all-brick (purpose-built) triplex plus a separate studio/workshop and a garage for storage is a turnkey investment. Apt #1 - features a renovated 1-bedroom unit with hardwood floors and a modern (2025) bathroom, Apt. # 2 main floor offers a bright 2-bedroom unit with refinished hardwood floors, renovated bath, large eat-in kitchen, and oversized deck with garden access, Apt. #3 - the second floor includes a 2-bedroom + den + solarium with hardwood throughout, updated kitchen and bathroom, and private laundry. The insulated studio/workshop with its own electrical panel is ideal for a music studio/ gym/ office. Additional features include an enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, owned hot water tanks. Extensive upgrades include- Rebuilt rear stairs and Deck and Garage Renovation (2019), Professional painted throughout (2024) Foundation waterproofing (2015), Workshop/Garage Roof Replacement (2019), Main roof is(2014)and is modified bitumen ,Unit 1 Fully Renovated Bathroom (2025), Unit #2 Renovated Bathroom (2026), Upgraded- appliances, dishwashers, faucets. SEE LAST PHOTO (#50)FOR FULL FINANCIAL PROFILE OF PROPERTY. (id:24570)
Location
State ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 1.83 m X 2.3 m Den
Extra Room 2 Second level 4.78 m X 2.31 m Solarium
Extra Room 3 Second level 3.71 m X 4.81 m Living room
Extra Room 4 Second level 3.95 m X 3.47 m Kitchen
Extra Room 5 Second level 3.44 m X 3.48 m Bedroom
Extra Room 6 Second level 3.47 m X 3.48 m Primary Bedroom
Interior
Heating Radiant heat,
Cooling Window air conditioner
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 1
Garage Yes
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://youriguide.com/55_ivy_crescent_o
Listed by RE/MAX HALLMARK REALTY GROUP