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$389K · 1 bed Condo Apartment · Unit 402, 224 Lyon Street, Ottawa, Ontario K1R 0C1 | HomeSearchCanada

$389,000

Unit 402

239 DOM

11239d

Map

DOM 239

Motivated Seller

$389,000

Motivated Seller

DOM239days

Unit 402

224 Lyon Street · Ottawa · Ontario K1R 0C1

MLS® X12517734 · 4102 - Ottawa Centre · K1R 0C1

11OwnerOccupied500-599 ft²Condo Apartment1-car UndergroundNo basement239d$708/ft²$3,590 tax/yrNo basement

239 days on market

About this home

Welcome to Gotham, one of Ottawa's most sought-after buildings in the heart of Centretown! This cozy and bright south-facing condo features exposed concrete walls, high ceilings, and a custom wood slat wall that adds warmth and character to the modern design. The open-concept kitchen is complete with quartz countertops and stainless steel appliances, including a gas stove-perfect for those who love to cook and entertain. Enjoy the convenience of in-unit laundry, underground parking, and a privat…

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Property details

MLS#: X12517734
Status: Buy Now
Property class: Residential Condo & Other
Beds: 1
Baths: 1 full, 0 half
Rooms: 1
Kitchens: 1
Size: 500-599Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Owner Occupied
Washrooms: 3 pc
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Condo corp #: 987
Balcony: Open
Locker: None
Association amenities: Bike Storage, Elevator, Visitor Parking
Fees include: Heat Included, Building Insurance Included, Water Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Heat Pump
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick, Concrete
Fronting on: —
Cross street: Gloucester and Lyon St. North
Stories: 4
Utilities: —
Laundry: In-Suite Laundry
Laundry level: Main Level
Interior: Other
Parking features: —

Additional listing data

ListAOR: Ottawa Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

Motivated SellerWhy this label

239 days on market — Listing has been active for 239 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: COMFREE

Source: TRREB/PROPTX · MLS® X12517734

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$389K

Unit 402 · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $389,000✓ $3,590 tax✓ Gas✓ 500-599 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,785/mo

incl. closing costs (yr 1)

Annual total

$45,415

year 1

Mortgage only

$1,476/mo

principal + interest

Beyond mortgage

$1,491/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$77,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$299/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~550 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$3,890/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$37/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,310

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)39% $17,709/yr

Property taxes17% $7,900/yr

Utilities9% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance9% $3,890/yr

Condo fees12% $5,256/yr

Closing costs11% $5,100/yr

Mortgage is 39% of your true cost of ownership. The other 61% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$17,709	$1,476/mo
Government & taxes
Property tax	$3,590	$299/mo
Land transfer tax(closing)	$4,310	$359/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,890	$324/mo
Condo fees
Condo / HOA fees	$5,256	$438/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$45,415	$3,785/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 402

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs