$ 1,375,000
514 Lyon Street N
Front exterior of a two-story white vinyl-sided multi-family home with a dark grey porch and steps. - 514 Lyon Street N, Ottawa
50 Photos
Side exterior view of a white vinyl-sided multi-family home showing a brick structure on the left. - 514 Lyon Street N, Ottawa
Front facade of a white multi-family home with a covered porch, dark grey stairs, and multiple windows. - 514 Lyon Street N, Ottawa
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514 Lyon Street N, Ottawa

Welcome to 514 Lyon St, a turn-key 5-unit investment property ideally located in the heart of Centretown, one of Ottawa's most desirable and consistently strong rental markets. Generating $89,760 in gross annual income at a 5.3% cap rate, this well-maintained asset offers investors a rare opportunity to assume approximately $1.049M in existing financing at an attractive 4.25% interest rate with a 40-year amortization until June 1, 2030, providing a significant financing advantage in today's market. An option for a second position VTB is also available; contact the listing agent for details. The property has undergone extensive recent upgrades, including fully renovated units throughout, new windows (2023), and a new furnace and hot water tank (2023). With all major capital improvements completed, this is a true turn-key investment requiring minimal near-term capital expenditure. Located within walking distance of downtown Ottawa, transit, shops, restaurants, government offices, and major employment centres, 514 Lyon St benefits from strong rental demand and an unbeatable urban location. The property also includes 3 parking spaces across two driveways. The building is fully tenanted and stabilized, providing reliable, in-place cash flow from day one and a secure, low-risk investment for the new owner. This is an exceptional opportunity to acquire a stabilized multi-residential asset with strong income, attractive financing options, and significant recent improvements in one of Ottawa's premier rental neighbourhoods. (id:1945)
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Property details for 514 Lyon Street N, Ottawa

Type
Multi-family
Bedrooms
6
Bathrooms
5
Lot Size
66 x 33 FT
Stories
2
Basement
Apartment in basement, N/A
Parking
No Garage
Heating
Baseboard heaters, Forced air, Natural gas
Cooling
Central air conditioning
Exterior
Vinyl siding
Annual Taxes
$8,688

Nearby Listings Stat

Estimated price and comparable properties near 514 Lyon Street N

Active Listings
3
Min Price
$1,350,000
Max Price
$1,584,000
Avg Price
$1,436,333
Days on Market
49
days
Sold Listings
1
Min Sold Price
$2,250,000
Max Sold Price
$2,250,000
Avg Sold Price
$2,250,000
Days until Sold
92
days

Neighbourhood Census Data

Ottawa, Ontario

Population
525
Median Age
32.4
Median Income
$31,712
Dwelling Value
$518,169

Housing Tenure

Owners 20%
Renters 80%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.8
Pop. Density: 4,683.3/km²
Avg Shelter Cost: $1,718/mo
Owners with Mortgage: 66.7%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 36.2%
English only: 60%
English and French: 39%
Neither: 1.9%
Median Household Income: $50,688
Median Employment Income: $33,440

Price History

Listed
September 30, 2026
by EXP REALTY
Current Price
$1,375,000
+1.9% from last change
Type
Multi-family
For Sale
Price Changes
1
Date Price Change
Current $1,375,000 +$25,000 (+1.9%)
Sep 30, 2026 $1,350,000 Listed

Contact Agent Get in touch about 514 Lyon Street N, Ottawa

Ayden Webster
Ayden Webster
EXP REALTY

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