Salehian.com 647-325-5000

55 Ivy Crescent

3302 - Lindenlea, New Edinburgh - Lindenlea, K1M 1Y1

$1,225,000

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

Listed 33 days ago · MLS® X13797412

About this home

Exceptional Investment Opportunity - Turnkey Triplex + Studio in Prestigious New Edinburgh/Lindenlea. Strong income-producing asset with a 5.68% cap rate, gross income of $87,000, and NOI of $69,546, supporting approximately $1,250,000 in financing at current rates - a true money maker. Unit 1 - Leased ($1,850/month + hydro), Unit 2 -(vacant) Great for owner live-in (market rent $2,300/month), Unit 3 - Leased ($2,550/month + hydro), + Studio/workshop - Leased ($550/month incl. Hydro). Ideally located steps to Global Affairs, Beechwood Village, and scenic pathways along the Ottawa and Rideau Rivers. Walking distance to the ByWard Market and the Governor General's Residence & Global Affairs. This meticulously maintained all-brick (purpose-built) triplex plus a separate studio/workshop and a garage for storage is a turnkey investment. Apt #1 - features a renovated 1-bedroom unit with hardwood floors and a modern (2025) bathroom, Apt. # 2 main floor offers a bright 2-bedroom unit with refinished hardwood floors, renovated bath, large eat-in kitchen, and oversized deck with garden access, Apt. #3 - the second floor includes a 2-bedroom + den + solarium with hardwood throughout, updated kitchen and bathroom, and private laundry. The insulated studio/workshop with its own electrical panel is ideal for a music studio/ gym/ office. Additional features include an enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, owned hot water tanks. Extensive upgrades include- Rebuilt rear stairs and Deck and Garage Renovation (2019), Professional painted throughout (2024) Foundation waterproofing (2015), Workshop/Garage Roof Replacement (2019), Main roof is(2014)and is modified bitumen ,Unit 1 Fully Renovated Bathroom (2025), Unit #2 Renovated Bathroom (2026), Upgraded- appliances, dishwashers, faucets. SEE LAST PHOTO (#50)FOR FULL FINANCIAL PROFILE OF PROPERTY.

Details

Type
Triplex
Style
2-Storey
Age
51-99 years
Size
1500-2000 sq ft
Lot
35 × 100 ft
Basement
Full, Finished
Garage
Detached
Kitchens
3
Property tax
$9,681 (2026)
Neighbourhood
3302 - Lindenlea
Municipality
New Edinburgh - Lindenlea

Interior

Bedrooms
5 above ground
Bathrooms
1 × 4-piece, 1 × 4-piece, 1 × 4-piece
Rooms
13 above ground + 5 below
Family room or den
No
Fireplace
No
Features
Auto Garage Door Remote, Carpet Free, Separate Hydro Meter, Storage, Water Heater Owned, Water Meter

Heating, cooling and services

Heating
Radiant, Gas
Air conditioning
Window Unit(s)
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick
Roof
Membrane
Foundation
Concrete
Age
51-99 years
Faces
North
Outdoor
Deck, Paved Yard, Workshop, Additional Garage(s)

Parking

Garage spaces
2
Total parking
1
Driveway and parking
Available

Lot

Size
35 × 100 ft (rectangular)

More

Possession
TBA
Nearby
Wooded/Treed, Public Transit
Cross street
Beechwood to MacKay

Rooms

RoomLevelSizeFeatures
Living RoomMain3.71 × 4.77 m (12'2" × 15'8")
KitchenMain3.96 × 3.45 m (13' × 11'4")Combined w/Dining
BedroomMain3.47 × 3.44 m (11'5" × 11'3")Closet, Double Closet
BedroomMain3.46 × 3.44 m (11'4" × 11'3")Double Closet
BathroomMain1.5 × 2.24 m (4'11" × 7'4")4 Pc Bath
Living RoomSecond3.71 × 4.81 m (12'2" × 15'9")
KitchenSecond3.95 × 3.47 m (13' × 11'5")Combined w/Dining
BedroomSecond3.44 × 3.48 m (11'3" × 11'5")
Primary BedroomSecond3.47 × 3.48 m (11'5" × 11'5")Double Closet
BathroomSecond1.5 × 2.24 m (4'11" × 7'4")4 Pc Bath
DenSecond1.83 × 2.3 m (6' × 7'7")Combined w/Laundry
SolariumSecond4.78 × 2.31 m (15'8" × 7'7")
Living RoomLower3.56 × 4.65 m (11'8" × 15'3")
KitchenLower3.91 × 3.35 m (12'10" × 11')Combined w/Dining
BedroomLower3.92 × 3.33 m (12'10" × 10'11")
BathroomLower1.51 × 2.16 m (4'11" × 7'1")
Utility RoomLower2.64 × 3.36 m (8'8" × 11')Combined w/Laundry
WorkshopMain4.5 × 5.09 m (14'9" × 16'8")

History of this address

4 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 Walkable

  • 🚇 Rideau LRT2.0 km
  • 🚇 uOttawa LRT2.4 km

Within a 10-minute walk: 1 grocery store, 17 cafés and restaurants, 10 parks, 2 pharmacies. Nearest grocery: Metro (450 m). Nearest park: Lindenlea Park (450 m).

Schools nearby

Elementary

  • Fern Hill School Private4 min walk
  • St. Brigid School Catholic
    EQAO: Gr 6 reading 72%, math 30%    6 min walk
  • Trille-des-Bois Public Elementary School
    EQAO: Gr 6 reading 97%, math 79%    12 min walk
  • École Notre-Dame du Mont Carmel French · Private13 min walk

Secondary

  • MacDonald-Cartier Academy Private5 min walk
  • Ashbury College Private10 min walk
  • École secondaire publique De la Salle French14 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 K1M

Owners / renters
59% / 41%
Median household income
$128,000
Average age
48
Children under 15
12%
Homes
33% detached, 20% high-rise
Commute by transit
8%
Population
6,764

Languages spoken most at home besides English: Mandarin 1.3%, Spanish 0.7%, Russian 0.5%, Arabic 0.4%.

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

Living here

Commute

To downtown Ottawa: 3 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

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 RE/MAX HALLMARK REALTY GROUP.

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

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