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501 LYON STREET, Ottawa, Ontario, K1R 5X6

MLS® # 1405799
Investment For Sale In Centretown, Ottawa, Ontario
$1,069,900
501 Lyon Street, Ottawa, ON - Outdoor With Balcony With Facade
501 Lyon Street, Ottawa, ON - Outdoor With Balcony
501 Lyon Street, Ottawa, ON - Outdoor With Balcony With Exterior
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Laundry Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Kitchen
unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Bathroom
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Kitchen
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Kitchen
Unit 2 bath 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Laundry Room
Unit 2 bath 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Bathroom
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Stairs to Potential 3rd - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Potential 3rd (Plumbed and wired spot for kitchen here) - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Potential 3rd - 501 Lyon Street, Ottawa, ON - Outdoor With Balcony With Exterior
Potential 3rd - 501 Lyon Street, Ottawa, ON - Outdoor With Exterior
Potential 3rd unit Bed 1 - 501 Lyon Street, Ottawa, ON - Outdoor
Potential 3rd - 501 Lyon Street, Ottawa, ON - Outdoor With Deck Patio Veranda With Exterior
Potential 3rd unit bed 2 - 501 Lyon Street, Ottawa, ON - Other
501 Lyon Street, Ottawa, ON - Other
501 Lyon Street, Ottawa, ON - Other
501 Lyon Street, Ottawa, ON - Outdoor With Balcony With Facade
501 Lyon Street, Ottawa, ON - Outdoor With Balcony
501 Lyon Street, Ottawa, ON - Outdoor With Balcony With Exterior
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Laundry Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Kitchen
unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Bathroom
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Kitchen
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Kitchen
Unit 2 bath 1 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Laundry Room
Unit 2 bath 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Bathroom
Unit 2 - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Stairs to Potential 3rd - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Potential 3rd (Plumbed and wired spot for kitchen here) - 501 Lyon Street, Ottawa, ON - Indoor Photo Showing Other Room
Potential 3rd - 501 Lyon Street, Ottawa, ON - Outdoor With Balcony With Exterior
Potential 3rd - 501 Lyon Street, Ottawa, ON - Outdoor With Exterior
Potential 3rd unit Bed 1 - 501 Lyon Street, Ottawa, ON - Outdoor
Potential 3rd - 501 Lyon Street, Ottawa, ON - Outdoor With Deck Patio Veranda With Exterior
Potential 3rd unit bed 2 - 501 Lyon Street, Ottawa, ON - Other
501 Lyon Street, Ottawa, ON - Other
501 Lyon Street, Ottawa, ON - Other
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501 LYON STREET, Ottawa, Ontario, K1R 5X6
$1,069,900

Property Information:

View slideshow for some extra pics! Maximize Rents and choose your own tenants in Centretown! With a slight alteration this property can produce a 6%+ cap rate!! Location ++ walking distance to trendy Bank St, Parliament hill, the Glebe, Lansdowne and close to both Universities. This classic Victorian building underwent an overhaul in 2017 including a 3 storey addition making for open living spaces, and good sized bedrooms. Easy to rent! Also in 2017, fully re-wired, plumbed, many windows, etc. Each unit has it’s own balcony and laundry too. Currently used as legal duplex with one large 4 bedroom 3 BATH unit (2 storey) , and another 2 bedroom unit. Opportunity is there (including 3rd kitchen rough-in and meters) to easily convert to three units. Never a vacancy. 3 hydro meters, 3 heating systems (2017), and space for the 3rd gas meter when it's time. Excellent investment in Downtown Ottawa! (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Basement Development: Unfinished
  • Basement Type: Full
  • Exterior Finish: Brick, Siding
  • Flooring Type: Hardwood, Tile
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Access Type: Highway access
  • Built in: 1907
  • Irregular: Yes
  • Lease Type: Lease Type
  • Lot Depth: 66.0 Feet
  • Lot Frontage: 33.0 Feet
  • Lot Size: 33 ft X 66 ft
  • Zoning: R4S[478]
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 1

Courtesy of: RE/MAX HALLMARK REALTY GROUP

REALTOR.ca  

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Sales/Price History

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Market Price Trends

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Location of 501 LYON STREET, Ottawa, Ontario, K1R 5X6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: High

31 hot days expected in 2050

48/100

High

ClimateCheck®

Current data

This property, 501 LYON STREET , experiences 7 hot days per year at around 31.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 34.7 degrees Celsius.

Projected Avg. Temperature

Past
31.2℃
2050
34.7℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk:

14 storms expected in 2050

64/100

ClimateCheck®

Current data

This property, 501 LYON STREET , experiences 11 significant 2-day storms per year, with about 319.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 408.5mm of precipitation per year.

Precipitation Per Storm

Past
319.2mm
2050
408.5mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 501 LYON STREET, Ottawa, Ontario, K1R 5X6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$127,978.11

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.8 %

High school certificate or equivalent

20.67 %

Apprenticeship trade certificate/diploma

2.21 %

College/non-university certificate

16.11 %

University certificate (below bachelor)

2.21 %

University Degree

48.0 %

Commuter

Travel To Work

By Car

43.33 %

By Public Transit

17.21 %

By Walking

29.6 %

By Bicycle

6.41 %

By Other Methods

3.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

66.94 %

Houses

33.06 %

Own Vs. Rent

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