55 IVY CRESCENT, Ottawa, Ontario K1M 1Y1
$1,225,000.00
- 5 bedrooms
- 3 bathrooms
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 ... read more
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:25417)
- Listing ID: X13797412
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 35 by 100 FT |
| Parking: | Detached Garage 1 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Triplex |
| Appliances: | Blinds, Dishwasher, Dryer, Hood Fan, Refrigerator, Stove, Washer, Water Heater, Water Meter, Window Air Conditioner and Garage Door Opener Remote(s) |
| HVAC: | Fireplace, Radiant Heat and Window Air Conditioner Natural Gas |
| Exterior: | Brick |
| Basement: | Full (Finished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | Ottawa |
| Province: | Ontario |
| Rooms | Level | Dimensions |
|---|---|---|
| Den | Second level | 1.83 m x 2.3 m |
| Solarium | Second level | 4.78 m x 2.31 m |
| Living room | Second level | 3.71 m x 4.81 m |
| Kitchen | Second level | 3.95 m x 3.47 m |
| Bedroom | Second level | 3.44 m x 3.48 m |
| Primary Bedroom | Second level | 3.47 m x 3.48 m |
| Bathroom | Second level | 1.5 m x 2.24 m |
| Living room | Lower level | 3.56 m x 4.65 m |
| Kitchen | Lower level | 3.91 m x 3.35 m |
| Bedroom | Lower level | 3.92 m x 3.33 m |
| Bathroom | Lower level | 1.51 m x 2.16 m |
| Utility room | Lower level | 2.64 m x 3.36 m |
| Living room | Main level | 3.71 m x 4.77 m |
| Kitchen | Main level | 3.96 m x 3.45 m |
| Workshop | Main level | 4.5 m x 5.09 m |
| Bedroom | Main level | 3.47 m x 3.44 m |
| Bedroom | Main level | 3.46 m x 3.44 m |
| Bathroom | Main level | 1.5 m x 2.24 m |
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