514 Lyon Street N, Ottawa Centre, ON K1R 5X9
Ottawa Centre
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 $97,740 in gross annual income at a 5.8% 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. The property has undergone extensive recent upgrades, including fully renovated units throughout, new windows installed in 2023, and a new furnace and hot water tank installed in 2023. With all major capital improvements completed and the remaining building components in good condition, 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 comes with 3 parking spaces across the two driveways on site. This is an exceptional opportunity to acquire a stabilized multi-residential asset with strong income, attractive assumable financing, and significant recent improvements in one of Ottawa's premier rental neighbourhoods. Unit B, D, and E are currently vacant (rent is projected based on prior leases) - these units can be leased prior to closing or held vacant for the purchaser.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 514 Lyon Street N, Ottawa Centre, ON K1R 5X9
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MLS# X13235238
Listed by EXP REALTY
On market since Jun 3, 2026
514 Lyon Street N, Ottawa Centre, ON K1R 5X9 is listed for $1,350,000 CAD.
514 Lyon Street N, Ottawa Centre, ON K1R 5X9 is a Investment, 3,000 sq ft.
514 Lyon Street N, Ottawa Centre, ON K1R 5X9 is in Ottawa Centre, Ontario.
514 Lyon Street N, Ottawa Centre, ON K1R 5X9 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 514 Lyon Street N, Ottawa Centre, ON K1R 5X9 (MLS# X13235238). You can also send a message through the contact form on this site.
