$1,350,000
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514 Lyon Street N, Ottawa, ON K1R5X9

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6 Beds
5 Baths
- Sq Ft

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 $97, 740 in gross annual income at a 5.8% 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. The property has undergone extensive recent upgrades, including fully renovated units throughout, new windows installed in 2023, and a new furnace and hot water tank installed in 2023. With all major capital improvements completed and the remaining building components in good condition, 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 comes with 3 parking spaces across the two driveways on site. This is an exceptional opportunity to acquire a stabilized multi-residential asset with strong income, attractive assumable financing, and significant recent improvements in one of Ottawa's premier rental neighbourhoods. Unit B, D, and E are currently vacant (rent is projected based on prior leases) - these units can be leased prior to closing or held vacant for the purchaser. (id:58753)

Listing By: Ayden Webster - EXP REALTY
Source: CREA #X13236514 Listing provided courtesy of Canadian Real Estate Association
  • MLS® X13236514
  • Date Listed06/03/2026
  • Days on Realty 116 Days
  • Bedrooms 6
  • Bathrooms 5 baths
  • Lot Size -
  • Sewer Other
  • Property Type Other
  • Water Public

Interior Features

  • Cooling Central air conditioning
  • Heating Baseboard heaters, Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Lyon St N / Flora St. ** Directions: From Hwy 417, exit at Bronson Ave, head north, turn right onto Gladstone Ave, then left onto Lyon St N. Property is on the right at 514 Lyon St N.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K1R5X9

Discover key demographics, population statistics, and environmental insights for the Ottawa, ON area.

Walkability in ON / K1R5X9

Source: Walk Score

97/100

Walker's Paradise

Walk Score ®

73/100

Excellent Transit

Transit Score ®

88/100

Very Bikeable

Bike Score ®

Overview

Daily errands do not require a car. Transit is convenient for most trips. Biking is convenient for most trips.

Transit Summary

25 nearby routes: 24 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 68/100, Transit Score: 61/100, Bike Score: 84/100.

Points of Interest near 514 LYON STREET N, Ottawa, ON K1R5X9

Frequently Asked Questions for 514 LYON STREET N

Source: Realty.com

514 LYON STREET N, Ottawa, ON K1R5X9 in Ottawa, ON K1R5X9 is a other listed at $1,350,000. Highlights include 6 bedrooms, 5 bathrooms. Realty.ca has 50 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 50 photos of 514 LYON STREET N.

The full address for this home is 514 LYON STREET N, Ottawa, ON K1R5X9.

514 LYON STREET N has been listed on Realty.com since Wed June 03, 2026

Daily errands do not require a car. Transit is convenient for most trips. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 68/100, Transit Score: 61/100, Bike Score: 84/100.

This content last refreshed on 2026-09-27 18:26:44. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.