Room 1
Level not provided
514 Lyon St
Ottawa Centre, Ottawa, Ontario K1R 5X9
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 $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. 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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13844228
- Board
- TRREB MLS®
- Days on market
- Tax
- $8,688
- Size
- 1500-2000 sqft
- Lot
- 66 × 33 Feet
- Parking
- None, 3 Parking
Listing History
Listing activity for 514 Lyon St, Ottawa, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $1,375,000 | N/A | For Sale | X13844228 |
Property Details
Property
- Property Type
- Multiplex
- Style
- 2-Storey
- Community
- Ottawa Centre
- Municipality
- Ottawa
Inside
- Bedrooms
- 6
- Bathrooms
- 5
- Bathroom Detail
- 5, 3pc
- Basement Type
- Apartment
- Kitchens
- 5
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Baseboard
Building
- Size
- 1500-2000 sqft
- Construction
- Vinyl Siding
Parking
- Driveway
- Available
- Garage Type
- None
- Add. Parking
- 3
- Total Parking
- 3
Land
- Sewer
- Sewers
- Lot Size
- 66 × 33 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Concrete
- Roof
- Shingles
- Fireplace
- N
- Pool
- None
- Den
- N
- Family room
- N
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
16 records read 8 on record nearby 8 checked, none on recordRead 2026-11-03
Water and conservation
- Not in Rideau Valley Conservation Authority’s mapped regulated area
- Not in the municipality’s mapped flood area
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m43 test or monitoring holes also recorded.
- Groundwater recorded about 3.8 m below ground nearbyThe middle water level in the well records within 500 m (200 records). It changes with the season and from spot to spot.
Rideau Valley Conservation Authority · Municipal flood mapping · Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 6.6 km
Province of Ontario open data
Around the home
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 170 m away. Routes and stops change; check the agency’s schedule.
- A trail on the Ontario trail network within 1 km
Municipal transit open data · Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Public Works and Government Services Canada — Cliff Central Heating and Cooling Plant, 1.6 km away. Only facilities above the inventory’s reporting thresholds are listed.
- 1 federal contaminated site within 1 km1 still active or suspected; the rest are closed. The federal inventory covers federal land only, not provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Hydro Ottawa Limited
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: OmniTEC Wireless, PioneerWireless, Rogers, Storm Internet, Xplore. Mobile: Bell, Rogers, Telus, Vidéotron. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – City of Ottawa. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$6,303
- Down payment$275,000
- Mortgage amount$1,100,000
- Total interest$790,900
- Total cost$2,165,900
Cash flow analysis
$6,303
Total monthly payment
$7,027
Break-even down payment
100%
Cash flow-$7,027
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$1,375,000
$1,375,000
CAD
Estimate unavailable
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