Key Facts
- MLS® #: X12751336
- Property ID: SIRC3086531
- Property Type: Residential, Triplex
- Lot Size: 3,500 sq.ft.
- Year Built: 51
- Bedrooms: 5
- Bathrooms: 3
- Parking Spaces: 1
- Listed By:
- RE/MAX HALLMARK REALTY GROUP
Property Description
Exceptional Investment Opportunity - Turnkey Triplex + Studio in Prestigious New Edinburgh/Lindenlea. Strong income-producing asset with a 5.4% cap rate, gross income of $88,800, and NOI of $70,856, supporting approximately $1,250,000 in financing at current rates - a true money maker. Unit 1 is leased at $1,850/month + hydro, Unit 2 (vacant) offers market rent of approximately $2,500/month, Unit 3 is rented at $2,500/month + hydro, and the studio/workshop generates $550/month, providing stable income with upside. Ideally located steps to Global Affairs, Beechwood Village, and scenic pathways along the Ottawa and Rideau Rivers, and within walking distance to the ByWard Market and the Governor General's Residence. This meticulously maintained all-brick purpose-built triplex plus separate studio/workshop within a double detached garage is a turnkey investment. The lower level features a renovated 1-bedroom unit with hardwood floors and a modern 2025 bathroom, the main floor offers a bright 2-bedroom unit with refinished hardwood, renovated bath, large eat-in kitchen, and oversized deck with garden access, while the second floor includes a 2-bedroom + den + solarium unit with hardwood throughout, updated kitchen and bath, and private laundry. The insulated studio/workshop with its own electrical panel is ideal for a gym, office, or added income. Additional features include an enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, A/C in the basement unit, tandem multi-car driveway plus garage parking, and professional painting throughout. Extensive upgrades include foundation waterproofing, roof replacement, owned hot water tanks, rebuilt rear stairs and deck, upgraded appliances, added dishwashers, new faucets, renovated bathrooms, and refinished hardwood floors. SEE LAST PHOTO FOR FULL FINANCIAL PROFILE.
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Rooms
- TypeLevelDimensionsFlooring
- Living roomMain15' 7.7" x 12' 2"Other
- KitchenMain11' 3.8" x 12' 11.9"Other
- BedroomMain11' 3.4" x 11' 4.6"Other
- BedroomMain11' 3.4" x 11' 4.2"Other
- BathroomMain7' 4.1" x 4' 11"Other
- Living room2nd floor15' 9.3" x 12' 2"Other
- Kitchen2nd floor11' 4.6" x 12' 11.5"Other
- Bedroom2nd floor11' 5" x 11' 3.4"Other
- Other2nd floor11' 5" x 11' 4.6"Other
- Bathroom2nd floor7' 4.1" x 4' 11"Other
- Mud Room2nd floor7' 6.5" x 6' 4.7"Other
- Solarium/Sunroom2nd floor7' 6.9" x 15' 8.1"Other
- Living roomLower15' 3" x 11' 8.1"Other
- KitchenLower10' 11.8" x 12' 9.9"Other
- BedroomLower10' 11.1" x 12' 10.3"Other
- BathroomLower7' 10.3" x 4' 11.4"Other
- UtilityLower11' 2.8" x 8' 7.9"Other
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Location
55 Ivy Cres, Ottawa, Ontario, K1M 1Y1 Canada
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- Principal and Interest 0
- Property Taxes 0
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