55 IVY CRESCENT, Ottawa, Ontario, K1M 1Y1

MLS® # X12751336

Investment For Sale In Lindenlea - New Edinburgh, Ottawa, Ontario

$1,300,000

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Unit # 1 - Entrance - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Unit # 1 - Living Room - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Unit # 1 - Living Room (Virtually stage) - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Living Room

Unit # 1 - Kitchen - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Kitchen

Unit # 1 - Kitchen (Virtually stage) - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Kitchen

Unit # 1 - Bedroom - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Unit # 1 - Bedroom (Virtually stage) - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Bedroom

Unit # 1 - Bathroom - 55 Ivy Crescent, Ottawa, ON - Indoor

Unit # 1 - Bathroom - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Bathroom

Unit # 2 - Entrance - 55 Ivy Crescent, Ottawa, ON - Photo Showing Other Room

Unit # 2 - Living Room - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Unit # 2 - Living Room (Virtually stage) - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Living Room

Unit # 2 - Kitchen / Eat-in Area - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Kitchen With Double Sink

Unit # 2 - Kitchen / Eat-in Area (virtually stage) - 55 Ivy Crescent, Ottawa, ON - Indoor

Unit # 2 -Bedroom l - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Unit # 2 -Bedroom l (Virtually staged) - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Bedroom

Unit # 2 - Bathroom - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Bathroom

Unit # 2 - Bedroom ll - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Unit # 2 - Bedroom ll (virtually staged) - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Bedroom

Unit # 2 - Deck - 55 Ivy Crescent, Ottawa, ON - Outdoor With Deck Patio Veranda With Exterior

Unit # 3 - Entrance - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Unit # 3 - Living Room - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Unit # 3 - Living Room (virtually staged) - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Living Room

Unit # 3 - Kitchen - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Kitchen

Unit # 3 - Kitchen (virtually staged) - 55 Ivy Crescent, Ottawa, ON - Indoor

Unit # 3 - Eat-In area - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Unit # 3 - Bedroom - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Bedroom

Unit # 3 - Bedroom - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Office

Unit # 3 - Bathroom - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Bathroom

Unit # 3 - Den/Laundry - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Laundry Room

Unit # 3 - Solarium - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Laundry - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Laundry Room

Garage/Studio - 55 Ivy Crescent, Ottawa, ON - Outdoor

Studio - 55 Ivy Crescent, Ottawa, ON - Outdoor

Studio - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Studio (Virtually staged) - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Gym Room

Studio (Virtually staged) - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Other Room

Garage - 55 Ivy Crescent, Ottawa, ON - Outdoor

Garage - 55 Ivy Crescent, Ottawa, ON - Indoor Photo Showing Garage

Backyard - 55 Ivy Crescent, Ottawa, ON - Outdoor

Backyard - 55 Ivy Crescent, Ottawa, ON - Outdoor With Deck Patio Veranda

Expenses - 55 Ivy Crescent, Ottawa, ON - Other

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55 IVY CRESCENT, Ottawa, Ontario, K1M 1Y1

$1,300,000

Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Building Type: Triplex
Air Conditioning: Yes
Amenities: Separate Hydro Meters
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick
Fire Protection: Smoke Detectors
Floor Space: 1500 - 2000 sqft
Foundation Type: Concrete
Cooling Type: Window air conditioner
Appliances: Garage door opener remote, Water meter, Dishwasher, Dryer, Hood Fan, Stove, Washer, Refrigerator