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501 LYON STREET N, Ottawa, Ontario, K1R 5X6

MLS® # X11986175
new listing
Investment For Sale In Centretown, Ottawa, Ontario
$1,019,888
501 Lyon Street N, Ottawa, ON - Outdoor With Facade
501 Lyon Street N, Ottawa, ON - Outdoor
501 Lyon Street N, Ottawa, ON -
501 Lyon Street N, Ottawa, ON -
501 Lyon Street N, Ottawa, ON - Outdoor
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Kitchen
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Laundry Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Bathroom
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Basement
501 Lyon Street N, Ottawa, ON - Outdoor With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With Deck Patio Veranda With Exterior
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Kitchen
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Bathroom
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Bathroom
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Basement
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Outdoor With Balcony With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With Deck Patio Veranda With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With Deck Patio Veranda With Exterior
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Bathroom
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Basement
501 Lyon Street N, Ottawa, ON - Outdoor
501 Lyon Street N, Ottawa, ON - Outdoor
501 Lyon Street N, Ottawa, ON -
501 Lyon Street N, Ottawa, ON - Other
501 Lyon Street N, Ottawa, ON - Outdoor With Balcony
501 Lyon Street N, Ottawa, ON - Outdoor With Balcony With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With Balcony With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With View
501 Lyon Street N, Ottawa, ON - Outdoor With View
501 Lyon Street N, Ottawa, ON - Outdoor With View
501 Lyon Street N, Ottawa, ON - Outdoor With View
501 Lyon Street N, Ottawa, ON - Outdoor With View
Video
501 Lyon Street N, Ottawa, ON - Outdoor With Facade
501 Lyon Street N, Ottawa, ON - Outdoor
501 Lyon Street N, Ottawa, ON -
501 Lyon Street N, Ottawa, ON -
501 Lyon Street N, Ottawa, ON - Outdoor
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Kitchen
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Laundry Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Bathroom
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Basement
501 Lyon Street N, Ottawa, ON - Outdoor With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With Deck Patio Veranda With Exterior
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Kitchen
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Bathroom
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Bathroom
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Basement
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Outdoor With Balcony With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With Deck Patio Veranda With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With Deck Patio Veranda With Exterior
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Bathroom
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Other Room
501 Lyon Street N, Ottawa, ON - Indoor Photo Showing Basement
501 Lyon Street N, Ottawa, ON - Outdoor
501 Lyon Street N, Ottawa, ON - Outdoor
501 Lyon Street N, Ottawa, ON -
501 Lyon Street N, Ottawa, ON - Other
501 Lyon Street N, Ottawa, ON - Outdoor With Balcony
501 Lyon Street N, Ottawa, ON - Outdoor With Balcony With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With Balcony With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With Exterior
501 Lyon Street N, Ottawa, ON - Outdoor With View
501 Lyon Street N, Ottawa, ON - Outdoor With View
501 Lyon Street N, Ottawa, ON - Outdoor With View
501 Lyon Street N, Ottawa, ON - Outdoor With View
501 Lyon Street N, Ottawa, ON - Outdoor With View
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501 LYON STREET N, Ottawa, Ontario, K1R 5X6
$1,019,888

Property Information:

This classic 2-story Victorian underwent a complete overhaul in 2017 with a 3rd story addition on the top and a full 3-story addition on the back. Currently configured as a 6-bedroom legal DUPLEX with 2 car tandem parking, yielding $53,400 Net Operating Income. Tenants pay gas and hydro. Vacant possession available. Pick your own tenants. -- Convert to THREE UNIT PROPERTY to increase cash flow and to significantly increase the appraised value. -- The 2017 overhaul planned for an eventual conversion to THREE UNITS. All plumbing, electrical and HVAC was replaced and configured anticipating the conversion. A third kitchen/laundry is roughed in on the new 3rd level. Correct fire rated separations between floors and egress, independent forced air heating and electrical systems for each floor. As a THREE UNIT Property, the Effective Gross Income is projected at $77,000 per year. Current DUPLEX configuration: Unit 1 - Main Level: 2 bed, one 3 pc bath, eat-in kitchen, large living room, with 85 SF balcony and exclusive back yard access. Unit 2 - Second Level: Two-story, 4 bed, 3 x 3 pc baths, eat in kitchen, living room, huge family room, three balconies - a private 87 SF at the back on the second level, 40 SF on the front and another 87 SF on the back on the third level. A partly finished basement with electric rad heat offers tons of storage for the landlord. Live in and rent a unit, or great updated turnkey investment for your portfolio. Optional THREE UNIT configuration separates the two-story Second Level Unit into TWO separate units consisting of: Unit 2 - Second Level: 830 SF, 2 bed, two 3-pc baths, with eat in kitchen and living room, and Unit 3 - Third Level: 630 SF 2 bed, one 3 pc bath, with large eat in kitchen/ great room. Three Unit alteration was 90% complete during the 2017 overhaul and ready when you are. Ask your agent for list of UPDATES, DUPLEX and projected THREE UNIT Financials and Concept sheet. Come make 501 Lyon Street your new investment! (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Amenities: Separate Hydro Meters, Separate Heating Controls
  • Basement Development: Partially finished
  • Basement Type: Full
  • Exterior Finish: Brick, Steel
  • Fire Protection: Smoke Detectors
  • Floor Space: 2499.9795 - 2999.975 sqft
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Ventilation system
  • Appliances: Water meter, Intercom, Dryer, Two stoves, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 4
  • Features: Wooded area, Flat site, Level, Carpet Free, Sump Pump
  • Floor Space (approx): 2499.9795 - 2999.975 Square Feet
  • Irregular: Yes
  • Lot Depth: 66.0 Feet
  • Lot Frontage: 33.0 Feet
  • Lot Size: 33 x 66 FT
  • Structure Type: Deck
  • Utility Type: Sewer - Installed, Cable - Installed
  • Zoning: R4UB
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 2

Rooms:

  • Living 2nd Level 2.99 m x 4.01 m
  • Kitchen 2nd Level 3.36 m x 3.05 m
  • Bedroom 2nd Level 3.25 m x 3.41 m
  • Bedroom 2nd Level 2.97 m x 4.00 m
  • Bedroom 3rd Level 4.42 m x 5.02 m
  • Bedroom 3rd Level 3.34 m x 3.60 m
  • Great Room 3rd Level 4.91 m x 5.12 m
  • Workshop Basement Level 8.73 m x 5.76 m
  • Living Main Level 3.77 m x 5.44 m
  • Kitchen Main Level 3.88 m x 2.79 m
  • Bedroom Main Level 3.59 m x 3.18 m
  • Bedroom Main Level 3.14 m x 4.05 m

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Location of 501 LYON STREET N, Ottawa, Ontario, K1R 5X6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 501 LYON STREET N , experiences 7 hot days per year at around 31.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 34.7 degrees Celsius.

Projected Avg. Temperature

Past
31.2℃
2050
34.7℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 501 LYON STREET N , experiences 11 significant 2-day storms per year, with about 319.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 408.5mm of precipitation per year.

Precipitation Per Storm

Past
319.2mm
2050
408.5mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 501 LYON STREET N, Ottawa, Ontario, K1R 5X6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$127,978.11

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.8 %

High school certificate or equivalent

20.67 %

Apprenticeship trade certificate/diploma

2.21 %

College/non-university certificate

16.11 %

University certificate (below bachelor)

2.21 %

University Degree

48.0 %

Commuter

Travel To Work

By Car

43.33 %

By Public Transit

17.21 %

By Walking

29.6 %

By Bicycle

6.41 %

By Other Methods

3.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

66.94 %

Houses

33.06 %

Own Vs. Rent

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