55 Ivy Crescent, Ottawa, Ontario K1M 1Y1

Listed for:
$1,300,000
5 beds
3 baths
Listed 13 days ago
Triplex for rent: 55 Ivy Crescent, Ottawa, Ontario K1M 1Y1

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About

Cross Streets: Beechwood to MacKay. ** Directions: Beechwood Avenue to MacKay Street to Ivy Crescent Visitor Parking on the Street. Exceptional Investment Opportunity - Purpose-Built Triplex + Studio in Prestigious New Edinburgh/Lindenlea Rarely offered, this meticulously maintained all-brick purpose-built triplex plus separate studio/workshop (could be a great GYM) is part of a double detached garage offering room for expansion. Extremely low vacancy rate and a real money maker for the right investor. Truly turnkey property offering strong income, quality upgrades, and flexible owner-occupancy options. Property Overview - Unit 1 (Lower Level): 1 bedroom, leased at $1,850/month + hydro. Hardwood floors, spacious kitchen, and fully renovated modern bathroom (2025).Unit 2 (Main Floor - Vacant): 2 bedrooms, market rent $2,500/month. Refinished hardwood floors, renovated bathroom, large eat-in kitchen, oversized deck, and garden access. Unit 3 (Second Floor): 2 bedrooms + den and an Solarium, rented at $2,500/month + hydro. Hardwood throughout, renovated kitchen and bath, private laundry. Studio/Workshop (Vacant): Insulated with separate electrical panel, market rent $500/month. Ideal for studio, office, or GYM or simply added income. Detached Garage with expansion potential. Additional Features Enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, window A/C unit in basement apartment Multi-car driveway (tandem)plus garage parking, professionally painted throughout, and excellent long-term tenants in Units 1 & 3.Recent Upgrades - Foundation waterproofing, new flooring, owned hot water tanks, roof replacement, restructured rear stairs and deck, upgraded appliances, new faucets, dishwashers added, renovated bathrooms, and refinished hardwood floors. Location Steps to Global Affairs, Beechwood Village, leisure pathways along the Ottawa & Rideau rivers, walking distance to the Byward Market and Governor General's Residence. A truly special property offering flexibility, character, and premium rental income. Full financials available on agent website. 5.4% Cap. NOI $70,256 (id:27476)

Property Highlights

MLS® Number
X12751336
Type
Multi-family
Community Name
3302 - Lindenlea
Land Size
35 x 100 FT
Parking Space Total
1

Building

Building Type
Triplex
Storeys
2.00
Square Footage
1500 - 2000 sqft
Bathrooms Total
3
Bedrooms Above Ground
5
Bedrooms Total
5
Amenities
Separate Electricity Meters Public Transit
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full (Finished)
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type
Window air conditioner

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Room Layout

Mud room
Second level
1.83 m x 2.3 m
Solarium
Second level
4.78 m x 2.31 m
Living room
Second level
3.71 m x 4.81 m
Kitchen
Second level
3.95 m x 3.47 m
Bedroom
Second level
3.44 m x 3.48 m
Primary Bedroom
Second level
3.47 m x 3.48 m
Bathroom
Second level
1.5 m x 2.24 m
Living room
Lower level
3.56 m x 4.65 m
Kitchen
Lower level
3.91 m x 3.35 m
Bedroom
Lower level
3.92 m x 3.33 m
Bathroom
Lower level
1.51 m x 2.16 m
Utility room
Lower level
2.64 m x 3.36 m
Living room
Main level
3.71 m x 4.77 m
Kitchen
Main level
3.96 m x 3.45 m
Bedroom
Main level
3.47 m x 3.44 m
Bedroom
Main level
3.46 m x 3.44 m
Bathroom
Main level
1.5 m x 2.24 m

Location

Learn more about this property
Listing provided by:
RE/MAX HALLMARK REALTY GROUP
MLS® number:
X12751336
Agent:
Nancy Benson
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