$1,225,000
Available - For Sale
Listing ID: X13797412
55 Ivy Crescent , New Edinburgh - Lindenlea, K1M 1Y1, Ottawa
| 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. |
| Price | $1,225,000 |
| Taxes: | $9680.58 |
| Occupancy: | Tenant |
| Address: | 55 Ivy Crescent , New Edinburgh - Lindenlea, K1M 1Y1, Ottawa |
| Directions/Cross Streets: | Beechwood to MacKay |
| Rooms: | 13 |
| Rooms +: | 5 |
| Bedrooms: | 5 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Full, Finished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 12.17 | 15.65 | |
| Room 2 | Main | Kitchen | 12.99 | 11.32 | Combined w/Dining |
| Room 3 | Main | Bedroom | 11.38 | 11.28 | Closet, Double Closet |
| Room 4 | Main | Bedroom | 11.35 | 11.28 | Double Closet |
| Room 5 | Main | Bathroom | 4.92 | 7.35 | 4 Pc Bath |
| Room 6 | Second | Living Ro | 12.17 | 15.78 | |
| Room 7 | Second | Kitchen | 12.96 | 11.38 | Combined w/Dining |
| Room 8 | Second | Bedroom | 11.28 | 11.41 | |
| Room 9 | Second | Primary B | 11.38 | 11.41 | Double Closet |
| Room 10 | Second | Bathroom | 4.92 | 7.35 | 4 Pc Bath |
| Room 11 | Second | Den | 6 | 7.54 | Combined w/Laundry |
| Room 12 | Second | Solarium | 15.68 | 7.58 | |
| Room 13 | Lower | Living Ro | 11.68 | 15.25 | |
| Room 14 | Lower | Kitchen | 12.82 | 10.99 | Combined w/Dining |
| Room 15 | Lower | Bedroom | 12.86 | 10.92 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | |
| Washroom Type 2 | 4 | |
| Washroom Type 3 | 4 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | |
| Washroom Type 7 | 4 | |
| Washroom Type 8 | 4 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | |
| Washroom Type 12 | 4 | |
| Washroom Type 13 | 4 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | Detached |
| (Parking/)Drive: | Available |
| Drive Parking Spaces: | 1 |
| Park #1 | |
| Parking Type: | Available |
| Park #2 | |
| Parking Type: | Available |
| Pool: | None |
| Other Structures: | Workshop, Addi |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Wooded/Treed, Public Transit |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Radiant |
| Central Air Conditioning: | Window Unit |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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| RE/MAX HALLMARK REALTY GROUP |
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|
Kambiz Farsian
Sales Representative
Dir:
416-317-4438
Bus:
905-695-7888
Fax:
905-695-0900
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Ottawa |
| Municipality: | New Edinburgh - Lindenlea |
| Neighbourhood: | 3302 - Lindenlea |
| Style: | 2-Storey |
| Approximate Age: | 51-99 |
| Tax: | $9,680.58 |
| Beds: | 5 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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