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$269,900
224 Lyon Street · Ottawa · Ontario K1R 0C1
57 days on market
Soaring above the downtown skyline, Unit 1613 at 224 Lyon offers stylish urban living in an unbeatable location! Ideal for professionals, students, or first-time buyers, this chic studio apartment offers low condo fees, maintenance-free living, and everything downtown Ottawa has to offer just steps away. The bright open-concept layout features exposed concrete walls, modern plank flooring, recessed pot lighting, and floor-to-ceiling windows. The premium kitchen offers rich brown cabinetry, tiled…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $10KPrice reduction
MLS shows the seller reduced the asking price by $10,000 (from $279,900 to $269,900).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: RE/MAX HALLMARK REALTY GROUP
Source: TRREB/PROPTX · MLS® X13717418
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~250 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 35% of your true cost of ownership. The other 65% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $12,287 | $1,024/mo |
| Government & taxes | ||
| Property tax | $3,033 | $253/mo |
| Land transfer tax(closing) | $2,524 | $210/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%) | $2,699 | $225/mo |
| Condo fees | ||
| Condo / HOA fees | $3,984 | $332/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 | $35,187 | $2,932/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.