$1,375,000
Est. payment $6,088/moCalculate yours
514 Lyon Street N, Ottawa Centre, ON K1R 5X9
4103 - Ottawa Centre, Ottawa Centre, ON K1R 5X9
- 6 Beds
- 5 Baths
- 1,500 Sq Ft
Listing courtesy of EXP REALTY MLS® X13844228
About this home
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; contact the listing agent for details. 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.
Property details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 1,500 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 5
- Kitchens
- 5
- Basement
- Apartment
Building & Systems
- Heating
- Baseboard (Gas)
- Cooling
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 66 x 33 Feet
- Parking
- None garage · 3 total
- Zoning
- R4S[478], Unassigned
Financial
- Property Taxes
- $8,688 (2025)
Location
- Neighbourhood
- 4103 - Ottawa Centre
- Cross Street
- Lyon St N / Flora St
- Direction Faces
- West
Listing
- MLS® Number
- X13844228
- Days on Market
- 18
- Listed On
- 2026-09-30
- Possession
- TBD
- Listed By
- EXP REALTY
Features
Interior
- Separate Hydro Meter
Pool
- None
- Excluded
- Tenant Belongings
Mortgage calculator
Estimated mortgage payment
$6,088 per month
- Principal and interest
- $6,088
- Property tax
- $724
- Condo fees
- $0
- Estimated monthly cost
- $6,812
Your mortgage
- Mortgage amount
- $1,100,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $726,461
Cash to close
- Down payment
- $275,000
- Land transfer tax
- $23,975
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $298,975
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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