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Patrick Nabhan

info@pathomes.ca +1(613) 805-1416

$ 1,225,000

Est. payment | -/mo

5 Beds

3 Baths

3,500 Sqft Lot

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$ 1,225,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

3,500 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 3302 - Lindenlea

MLS Listing ID X13797412

Style 2-Storey

Bedrooms 5

Annual Tax Amount $9,680

Tax Year 2026

Lot Size 3,500 Sqft

Property Sub-Type Triplex

Property Description

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.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room No

Basement Full, Finished

Kitchen 3

Interior

Interior Features Auto Garage Door Remote, Carpet Free, Separate Hydro Meter, Storage, Water Heater Owned, Water Meter

Cooling Window Unit(s)

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Paved Yard

Parking Features Available

Garage Spaces 2.0

Pool None

Roof Type Membrane

Topography Flat,Wooded/Treed

Lot Frontage 35.0

Lot Depth 100.0

Total Parking Spaces 1

Building

Building Age 51-99

Unit Features Wooded/Treed,Public Transit

Foundation Concrete

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN Yes

Virtual Tour https://youriguide.com/55_ivy_crescent_o

Listed by RE/MAX HALLMARK REALTY GROUP

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(613) 805-1416

info@pathomes.ca

55 Ivy CRES New Edinburgh - Lindenlea, ON K1M 1Y1

Patrick Nabhan

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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55 Ivy CRES