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$399,900
Ottawa
#204 224 Lyon Street North, Ottawa, Ontario, K1R0C1
This 1-bedroom, 1-bathroom condo in Ottawa is for sale offering roughly 650 sq ft of space. Its $399,900 asking price sits right in line with the $384,900 median in Ottawa. It has been on the market 16 days, fresher than the Ottawa average of 63 days.
Vacant, move-in ready and available with flexible possession. This one-bedroom-plus-den condo at the Gotham offers 676 sq ft of living space, a rare south-facing private terrace of over 400 sq ft per the builder's plan, and an owned heated underground parking space. That combination is hard to find in downtown Ottawa. Built by Lamb Development Corporation, the unit features 10-foot exposed concrete ceilings, floor-to-ceiling windows and engineered hardwood floors. The European-style kitchen has stone countertops and stainless steel appliances, including a gas range. The den works well as a home office or guest space. The spa-inspired bathroom has porcelain finishes. In-unit laundry and an individually controlled heat pump for heating and cooling add everyday comfort. Hot water and gas for the stove are included in the condo fees. The terrace gets sun all day and has a gas BBQ hookup, making it a true outdoor room for entertaining. You are steps from Lyon Station, federal government offices and Parliament Hill, with Centretown's restaurants and shops at your door. Walking to work saves time every day. Strong downtown rental demand also makes this a solid choice for investors. Building amenities include concierge service, a party room, secure fob access and fibre optic internet. Select photos are virtually staged (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 63 days across the listings currently for sale in this city
This 1-bed single family in Ottawa has been listed for 16 days, which is 47 days fresher than the city average of 63. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $399,900, about 5.4× the local median household income of $74,000.
Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 6% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1R)
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Loading rates, 30-yr amortization
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