55 IVY CRESCENT, Ottawa, Ontario, K1M 1Y1

MLS® # X13797412

Investment For Sale In Lindenlea - New Edinburgh, Ottawa, Ontario

$1,225,000

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Front of Building - 55 Ivy Crescent, Ottawa, ON

Apt 1 Lower Level - Entrance - 55 Ivy Crescent, Ottawa, ON

Apt 1 Lower Level - Living Room - 55 Ivy Crescent, Ottawa, ON

Apt 1 Lower Level - Living Room (Virtually Staged) - 55 Ivy Crescent, Ottawa, ON

Apt 1 Lower Level - Kitchen - 55 Ivy Crescent, Ottawa, ON

Apt 2 Main Level - Kitchen (Virtually Staged) - 55 Ivy Crescent, Ottawa, ON

Apt 1 Lower Level - Bedroom - 55 Ivy Crescent, Ottawa, ON

Apt 1 Lower Level - Bedroom (Virtually Staged) - 55 Ivy Crescent, Ottawa, ON

Apt 1 Lower Level - Bathroom - 55 Ivy Crescent, Ottawa, ON

Lower Level - Laundry (for the used for Unit 1&2) - 55 Ivy Crescent, Ottawa, ON

Apt 2 Main Level - Entrance - 55 Ivy Crescent, Ottawa, ON

Apt 2 Main Level - Living Room - 55 Ivy Crescent, Ottawa, ON

Apt 2 Main Level - Living Room (Virtually Staged) - 55 Ivy Crescent, Ottawa, ON

Apt 2 Main Level - Kitchen - 55 Ivy Crescent, Ottawa, ON

Apt 2 Main Level - Bedroom - 55 Ivy Crescent, Ottawa, ON

Apt 2 Main Level - Bedroom (Virtually Staged) - 55 Ivy Crescent, Ottawa, ON

Apt 2 Main Level - Bathroom - 55 Ivy Crescent, Ottawa, ON

Apt 2 Main Level - Primary Bedroom - 55 Ivy Crescent, Ottawa, ON

Apt 2 Main Level - Primary Bedroom (VS ) - 55 Ivy Crescent, Ottawa, ON

Apt 2 Main Level - Deck off Primary Bedroom - 55 Ivy Crescent, Ottawa, ON

Apt 3 - 2nd Level - Entrance - 55 Ivy Crescent, Ottawa, ON

Apt 3 - 2nd Level - Living Room - 55 Ivy Crescent, Ottawa, ON

Apt 3 - 2nd Level - Living Room (Virtually Staged) - 55 Ivy Crescent, Ottawa, ON

Apt 3 - 2nd Level - Kitchen - 55 Ivy Crescent, Ottawa, ON

Apt 3 - 2nd Level - Kitchen (Virtually Staged) - 55 Ivy Crescent, Ottawa, ON

Apt 3 - 2nd Level - Bedroom l (Virtually Staged) - 55 Ivy Crescent, Ottawa, ON

Apt 3 - 2nd Level - Bedroom ll (Virtually Staged) - 55 Ivy Crescent, Ottawa, ON

Apt 3 - 2nd Level - Bathroom - 55 Ivy Crescent, Ottawa, ON

Apt 3 - 2nd Level - Den/laundry - 55 Ivy Crescent, Ottawa, ON

Apt 3 - 2nd Level - Solarium - 55 Ivy Crescent, Ottawa, ON

Studio (at rear of property) - 55 Ivy Crescent, Ottawa, ON

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55 IVY CRESCENT, Ottawa, Ontario, K1M 1Y1

$1,225,000

Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Triplex
Air Conditioning: Yes
Amenities: Separate Hydro Meters
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick
Fire Protection: Smoke Detectors
Floor Space: 1500 - 2000 sqft
Foundation Type: Concrete
Heating Type: Radiant heat
Heating Fuel: Natural gas
Cooling Type: Window air conditioner
Appliances: Garage door opener remote, Water meter, Blinds, Dishwasher, Dryer, Hood Fan, Stove, Washer, Window Air Conditioner, Refrigerator