CAONOttawa Centre514 Lyon Street N
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514 Lyon St N, Ottawa, ON

House

For Sale

Listed price in listed location currency (CAD).
$1,350,000

003

MLS® X13235238

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage None
Taxes $8,688
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13235238

Property Address: 514 Lyon Street N, Ottawa Centre, ON, K1R5X9

Average square foot calculated using Size range provided by listing agent.

Description

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 $97, 740 in gross annual income at a 5.8% 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. The property has undergone extensive recent upgrades, including fully renovated units throughout, new windows installed in 2023, and a new furnace and hot water tank installed in 2023. With all major capital improvements completed and the remaining building components in good condition, 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 comes with 3 parking spaces across the two driveways on site. This is an exceptional opportunity to acquire a stabilized multi-residential asset with strong income, attractive assumable financing, and significant recent improvements in one of Ottawa's premier rental neighbourhoods. Unit B, D, and E are currently vacant (rent is projected based on prior leases) - these units can be leased prior to closing or held vacant for the purchaser.
MLS® NumberX13235238
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 3, 2026List Date
$1,350,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jun 3, 2026List Date
$1,350,000List Price
  • Commute

Commute

Starting Address
Destination Address
514 Lyon St N, Ottawa, ON

Contact eXp Realty Agent

AW

Listing Agent

Ayden Webster

613-899-5319
JS

Listing Agent

Justin Salazar

866-530-7737
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