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$295K · 0 bed Condo Apartment · Unit 708, 224 Lyon Street, Ottawa, Ontario K1R 0C1 | HomeSearchCanada

$294,900

Unit 708

88 DOM

0188d

Map

DOM 88

Motivated Seller

$294,900

Motivated Seller

DOM88days

Unit 708

224 Lyon Street · Ottawa · Ontario K1R 0C1

MLS® X12964112 · 4102 - Ottawa Centre · K1R 0C1

01Vacant0-499 ft²Condo ApartmentNoneNo basement88d$591/ft²$3,105 tax/yrNo basement

Neighbourhood Range

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About this home

Modern, open concept condo minutes from Ottawa U, Parliament Hill, Ottawa River bike paths and the downtown core. This very functional unit boasts a modern kitchen with graphite coloured granite countertops, soft grey modern cupboards, stainless steal appliances, gas stove and glass backsplash. Enjoy the convenience of the in-suite, full sized, stacked washer and dryer. The open living/dining area allows you to watch the sunset through the ceiling to floor windows or from your balcony. The den…

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Property details

MLS#: X12964112
Status: Buy Now
Property class: Residential Condo & Other
Beds: 0
Baths: 1 full, 0 half
Rooms: 2
Kitchens: 1
Size: 0-499Exact 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: Vacant
Washrooms: 4 pc
Family room: No
Central vacuum: No
Ensuite laundry: No

Condo corp #: 987
Balcony: Open
Locker: Owned
Association amenities: Concierge, Party Room/Meeting Room, Elevator, Bike Storage
Fees include: Heat Included, Water Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 0 total
Heating: Heat Pump
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Gloucester and Lyon
Stories: 7
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: —

Additional listing data

ListAOR: Ottawa Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

Motivated SellerWhy this label

Vacant property — MLS shows vacant occupancy and the listing has been on market 120+ days.

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: ROYAL LEPAGE PERFORMANCE REALTY

Source: TRREB/PROPTX · MLS® X12964112

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$295K

Unit 708 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $294,900✓ $3,105 tax✓ Gas✓ 0-499 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,138/mo

incl. closing costs (yr 1)

Annual total

$37,658

year 1

Mortgage only

$1,119/mo

principal + interest

Beyond mortgage

$1,320/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$58,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$259/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~250 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%$2,949/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)$32/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$2,899

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)36% $13,425/yr

Property taxes16% $6,004/yr

Utilities11% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance8% $2,949/yr

Condo fees12% $4,620/yr

Closing costs14% $5,100/yr

Mortgage is 36% of your true cost of ownership. The other 64% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$13,425	$1,119/mo
Government & taxes
Property tax	$3,105	$259/mo
Land transfer tax(closing)	$2,899	$242/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%)	$2,949	$246/mo
Condo fees
Condo / HOA fees	$4,620	$385/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	$37,658	$3,138/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 708

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