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$879,999
Ottawa
322 Lyon Street North, Ottawa, Ontario, K1R5W6
This multi-family property in Ottawa is for sale offering roughly 2,750 sq ft of space. It has been on the market 18 days, fresher than the Ottawa average of 62 days.
*** Additional Listing Details - Click Brochure Link *** Offset Your Mortgage With $1,750/month In Existing Rental Income. This Legal Centretown Duplex Features A 2-bedroom, 3-bathroom Main Residence And A Separate 1-bedroom Apartment. The Main Unit Has An Estimated Market Rent Of $3,500/month, Offering Potential Combined Gross Rental Income Of $5,250/month. The Main Home Features Cathedral Ceilings, Skylights, Hardwood Floors, A Sunroom And Home Office Space. Major Improvements Include Roof And Skylight Replacement (2019), Extensive Masonry Repointing (2024 And 2025), And A Three-Head Ductless Heat Pump (2026). Smart-Home Upgrades Include A Connected Thermostat, Security Cameras, Smart Lighting And Locks. Three Parking Spaces Provide Additional Flexibility And Potential Rental Income. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 18 days on market, against an average age of 62 days across the listings currently for sale in this city
This 3-bed multi-family in Ottawa has been listed for 18 days, which is 44 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $879,999, about 11.9× the local median household income of $74,000.
Carrying it typically needs a household income of about $171,895 (20% down, 25-yr amortization, stress-tested) — roughly 132% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1R)
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Loading rates, 30-yr amortization
Cash Needed to Close
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