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$1.35M · 6 bed Multiplex · 514 Lyon Street, Ottawa, Ontario K1R 5X9 | HomeSearchCanada

$1,350,000

514 Lyon Street

82 DOM

6582d

Map

DOM 82

$1,350,000

DOM82days

514 Lyon Street

Ottawa · Ontario K1R 5X9

MLS® X13236514 · 4103 - Ottawa Centre · K1R 5X9

65TenantOccupied1500-2000 ft²MultiplexNoneApartment82d$771/ft²Lot 66 x 33 ft$8,688 tax/yrApartment

82 days on market

About this home

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 $97,740 in gross annual income at a 5.8% 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 mark…

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Property details

MLS#: X13236514
Status: Buy Now
Property class: Residential Freehold
Beds: 6
Baths: 5 full, 0 half
Rooms: 15
Kitchens: 5
Size: 1500-2000Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: Apartment
Style: 2-Storey
Type: Multiplex
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

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

Roof: Shingles
Foundation: Concrete

Garage: None
Garage spaces: 0
Parking: 3 total
Lot: 66 × 33
Heating: Baseboard
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Vinyl Siding
Fronting on: West
Cross street: Lyon St N / Flora St
Stories: —
Utilities: —
Laundry: —
Interior: Separate Hydro Meter
Parking features: Available

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: EXP REALTY

Source: TRREB/PROPTX · MLS® X13236514

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$1.35M

514 Lyon Street · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,350,000✓ $8,688 tax✓ Gas✓ 1500-2000 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$9,863/mo

incl. closing costs (yr 1)

Annual total

$118,351

year 1

Mortgage only

$5,121/mo

principal + interest

Beyond mortgage

$2,327/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$270,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$724/mo

Utilities

Hydro / electricity$123/mo

≈ $0.07/ft² × ~1,750 ft² · ON avg ~$123/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%$13,500/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

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$23,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)52% $61,458/yr

Property taxes27% $32,163/yr

Utilities4% $4,530/yr

Insurance & security1% $1,600/yr

Maintenance11% $13,500/yr

Closing costs4% $5,100/yr

Mortgage is 52% of your true cost of ownership. The other 48% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$61,458	$5,121/mo
Government & taxes
Property tax	$8,688	$724/mo
Land transfer tax(closing)	$23,475	$1,956/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,470	$123/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$13,500	$1,125/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	$118,351	$9,863/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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514 Lyon Street

About this home

MyStreetValue™ Analysis

Property details

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs