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Laxman Hanmaiahgari

info@laxmanhomes.com +1(778) 223-8193

$ 1,225,000

Est. payment | -/mo

5 Beds

3 Baths

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$ 1,225,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Subdivision 3302 - Lindenlea

MLS® Listing ID X13797412

Bedrooms 5

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 1.83 m X 2.3 m Den

Extra Room 2 Second level 4.78 m X 2.31 m Solarium

Extra Room 3 Second level 3.71 m X 4.81 m Living room

Extra Room 4 Second level 3.95 m X 3.47 m Kitchen

Extra Room 5 Second level 3.44 m X 3.48 m Bedroom

Extra Room 6 Second level 3.47 m X 3.48 m Primary Bedroom

Interior

Heating Radiant heat,

Cooling Window air conditioner

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Total Parking Spaces 1

Garage Yes

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Virtual Tour https://youriguide.com/55_ivy_crescent_o

Listed by RE/MAX HALLMARK REALTY GROUP

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(778) 223-8193

info@laxmanhomes.com

# 500 666 Burrard Street, Vancouver, Columbia V6C3P6, Canada

55 IVY CRESCENT Ottawa, ON K1M1Y1

Laxman Hanmaiahgari

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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55 IVY CRESCENT