55 Ivy Crescent, Ottawa, Ontario K1M 1Y1

Listed for:

$1,225,000

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 - 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. (id:27476)

Property Highlights

MLS® Number

X13797412

Type

Multi-family

Community Name

3302 - Lindenlea

Land Size

35 x 100 FT

Parking Space Total

Building

Building Type

Triplex

Storeys

2.00

Square Footage

1500 - 2000 sqft

Bathrooms Total

Bedrooms Above Ground

Bedrooms Total

Amenities

Separate Electricity Meters Public Transit

Exterior Finish

Brick

Fireplace Present

Basement Type

Full (Finished)

Basement Features

Building Heating Type

Radiant heat

Heating Fuel

Natural gas

Building Cooling Type

Window air conditioner

Utilities

Water

Municipal water

Utility Sewer

Sanitary sewer

Room Layout

Den

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

Workshop

Main level

4.5 m x 5.09 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:

X13797412

Agent:

Nancy Benson

Phone:

(613) 747-4747

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