Just Listed
Address
55 Ivy Crescent, Ottawa, ON
Price
$ 1,225,000
Property Attributes
- ID#X13797412
- TypeMulti-Family
- Listing Status Active
- MunicipalityOttawa
- CityOttawa
- Area3302 - Lindenlea
- Neighbourhood3302 - Lindenlea
- Postal CodeK1M 1Y1
- Style
- Price$ 1,225,000
- Bedrooms5
- Bathrooms3
- Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
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:7434)
General Features
| Features | Wooded area, Flat site, Paved yard, Carpet Free |
|---|---|
| Property Type | Multi-family |
| Zoning Description | R3P |
| CommunityName | 3302 - Lindenlea |
| Amenities | Public Transit |
| Building Age | 51 to 99 years |
| Building Amenities | Separate Electricity Meters |
| Building Appliances | Garage door opener remote(s), Water Heater, Water meter, Blinds, Dishwasher, Dryer, Hood Fan, Stove, Washer, Window Air Conditioner, Refrigerator |
| Building Cooling Type | Window air conditioner |
| Location Description | Cross Streets: Beechwood to MacKay. ** Directions: Beechwood Avenue to MacKay Street to Ivy Crescent Visitor Parking on the Street. |
| Parking Space Total | 1 |
| Foundation Type | Concrete |
| Building Type | Triplex |
| Building.StoriesTotal | 2 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Radiant heat |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | Full (Finished) |
| Living Area Range | 1500 |
| Bedrooms | 5 |
Exterior Features
| Structure | Deck, Workshop |
|---|---|
| Land Amenities | Public Transit |
| Sewer | Sanitary sewer |
| Exterior Finish | Brick |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Bathroom | 1.5 m x 2.24 m | Main level | 2.24 m | |
| Bedroom | 3.46 m x 3.44 m | Main level | 3.44 m | |
| Den | 1.83 m x 2.3 m | Second level | 2.3 m | |
| Kitchen | 3.96 m x 3.45 m | Main level | 3.45 m | |
| Living room | 3.71 m x 4.77 m | Main level | 4.77 m | |
| Primary Bedroom | 3.47 m x 3.48 m | Second level | 3.48 m | |
| Solarium | 4.78 m x 2.31 m | Second level | 2.31 m | |
| Utility room | 2.64 m x 3.36 m | Lower level | 3.36 m | |
| Workshop | 4.5 m x 5.09 m | Main level | 5.09 m |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in K1M 1Y1
Price
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