For sale

I don't have enough recent comparable sales to call this one's price, but new this week. Here's everything I've got on it — ask me anything.

Ottawa · Ottawa Centre

514 Lyon Street N

Multiplex

MLS® #X13844228

Listed for$1,375,0001 day on market

6 bed 5 bath 3 parking 1500-2000 sq ft~$786/sq ft

New this week
Listing states: renovated
Transit stop ~235.2 km

Free · about 10 seconds

Is $1,375,000 a fair price?

See AskEmma’s read of this asking price against recent comparable sales — how far above or below, and the range they sold in.

No obligation · unsubscribe anytime

Est. all-in monthly~$7,122/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

Loading map…

This home below comps above in lineOpen full map →

0 schools within ~1 km · nearest transit stop ~235.2 km

Property information

What house buyers ask first

Lot size: 66 × 33 ft
Square footage: 1500-2000 sq ft
Property tax: $8,688 / yr
Parking: 3 spaces · None
Basement: Apartment

Property summary

Property type: Multiplex
Style: 2-Storey
Lot size: 66 × 33 ft
Parking: 3 spaces · None
Heating: Baseboard
Air conditioning: Central Air
Basement: Apartment
Kitchens: 5
Exterior: Vinyl Siding
Property tax: $8,688 / yr
MLS®: X13844228

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

Condo Apartment

$389,000

Above recent sales

429 Kent Street, Unit 428

1 bed · 1 bath·600-699 sq ft·1 parking·$616/mo fee

Ottawa

Listed 3 days ago · Engel & Volkers Ottawa

Condo Apartment

$449,900

Above recent sales

360 Mcleod Street, Unit 905

1 bed · 1 bath·600-699 sq ft·1 parking·$628/mo fee

Ottawa

Listed 1 day ago · Royal LePage Team Realty

Condo Apartment

$679,900

Above recent sales

235 Kent Street, Unit 711

2 bed · 2 bath·1000-1199 sq ft·1 parking·$814/mo fee

Ottawa

Listed 1 day ago · Engel & Volkers Ottawa

Condo Apartment

$459,880

Above recent sales

255 BAY Street, Unit 706

1 bed · 1 bath·600-699 sq ft·1 parking·$488/mo fee

Ottawa

Listed 3 days ago · Royal LePage Integrity Realty

Condo Apartment

$599,000

Above recent sales

390 Booth Street, Unit 102

1 bed · 2 bath·900-999 sq ft·1 parking·$886/mo fee

Ottawa

Listed 2 days ago · Royal LePage Team Realty

Condo Apartment

$699,900

203 Catherine Street, Unit 714

2 bed · 2 bath·1200-1399 sq ft·2 parking·$1,366/mo fee

Ottawa

Listed 2 days ago · RE/MAX Hallmark Realty Group

The numbers that matter

Property tax: $8,688/yr
Est. all-in: ~$7,122/mo

Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.

Schools

We list nearby schools as factual locations only. For this home, check the authoritative tools directly:

Browse schools near this home Nearby elementary & secondary schools, mapped Check provincial results — EQAO Official Ontario assessment results, searchable by school

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

Trent UniversityNearest transit · Bus stop~235.2 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — Ottawa

$633KMedian sold

32Median days on market

98.2%Sale-to-list

Median sold price · Ottawa1-yr +1% · 3-yr +3%

Source: TRREB sold data via Repliers · all property types

Neighbourhood demographics — Ottawa

1,017,449Population (2021)

40Median age

$102,000Median household income

63.9%Home owners

36.1%Renters

2.5Avg household size

Source: Statistics Canada, 2021 Census

Description & details

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 $87,360 in gross annual income at a 5.1% 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 market. An option for a second position VTB is also available; contact the listing agent for details. The property has undergone extensive recent upgrades, including fully renovated units throughout, new windows (2023), and a new furnace and hot water tank (2023). With all major capital improvements completed, this is a true turn-key investment requiring minimal near-term capital expenditure. Located within walking distance of downtown Ottawa, transit, shops, restaurants, government offices, and major employment centres, 514 Lyon St benefits from strong rental demand and an unbeatable urban location. The property also includes 3 parking spaces across two driveways. The building is fully tenanted and stabilized, providing reliable, in-place cash flow from day one and a secure, low-risk investment for the new owner. This is an exceptional opportunity to acquire a stabilized multi-residential asset with strong income, attractive financing options, and significant recent improvements in one of Ottawa's premier rental neighbourhoods.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by EXP REALTY. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.