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514 Lyon Street N

4103 - Ottawa Centre, Ottawa Centre, K1R 5X9

$1,375,000

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  • 6 bedrooms
  • 5 bathrooms
  • 3 parking
  • 1500-2000 sq ft

Listed 20 days ago · MLS® X13844228

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 $89,760 in gross annual income at a 5.3% 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. 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.

Details

Type
Multiplex
Style
2-Storey
Size
1500-2000 sq ft
Lot
66 × 33 ft
Basement
Apartment
Garage
None
Kitchens
5
Property tax
$8,688 (2025)
Neighbourhood
4103 - Ottawa Centre
Municipality
Ottawa Centre

Interior

Bedrooms
6 above ground
Bathrooms
5 × 3-piece
Rooms
15 above ground
Family room or den
No
Fireplace
No
Features
Separate Hydro Meter

Heating, cooling and services

Heating
Baseboard, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Vinyl Siding
Roof
Shingles
Foundation
Concrete
Faces
West

Parking

Total parking
3
Driveway and parking
Available

Lot

Size
66 × 33 ft

More

Possession
TBD
Cross street
Lyon St N / Flora St

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Lyon LRT1.2 km
  • 🚇 Parliament LRT1.4 km

Within a 10-minute walk: 9 grocery stores, 135 cafés and restaurants, 12 parks, 14 pharmacies. Nearest grocery: Arya Food Market (150 m). Nearest park: Arlington Park (100 m).

Schools nearby

Elementary

  • Cambridge St Community Public School
    EQAO: Gr 6 reading 77%, math 23%    11 min walk
  • Glebe Montessori School Private11 min walk
  • Centennial Public School
    EQAO: Gr 6 reading 79%, math 32%    14 min walk
  • St. Anthony School Catholic
    EQAO: Gr 6 reading 70%    14 min walk

Secondary

  • Glashan Public School4 min walk
  • Reality Check7 min walk
  • Richard Pfaff Secondary Alternate Program7 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K1R

Owners / renters
31% / 69%
Median household income
$74,000
Average age
40
Children under 15
8%
Homes
6% detached, 49% high-rise
Commute by transit
18%
Population
20,343

Languages spoken most at home besides English: Yue (Cantonese) 1.6%, Vietnamese 1.4%, Mandarin 1.2%, Arabic 1%.

Safety

Crime Severity Index for Ottawa police: 52 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Ottawa: 2 km. Transit times · Driving times

Noise 1 source nearby

  • 🛣️ Highway 417250 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (whole home or part of it), with a City host permit. Rural cottage rentals have a separate permit.

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by EXP REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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