NewFor sale 50$924,900
2 bed2 bath1,000–1,199 sq ft
10 James Street #LPH6/806
Ottawa Centre, Ottawa
3 days agoMLS® X13885350
AVENUE NORTH REALTY INC.
$1,225,000
55 Ivy Crescent
Lindenlea, Ottawa, Ontario K1M1Y1
For sale· Added
5 bed3 bath1,500–2,000 sqft
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.
Location
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Property details
Listing
- MLS® number
- X13797412
- Added
- Sep 17, 2026 ()
- Updated
- Sep 25, 2026 ()
- Info refreshed
Overview
- Property type
- Multi-family
- Building type
- Triplex
- Storeys
- 2
Inside
- Bedrooms
- 5
- Bathrooms
- 3
- Heating
- Radiant heat, Natural gas
- Cooling
- Window air conditioner
- Fireplace
- No
- Appliances
- Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer, Window Air Conditioner, Hood Fan, Blinds, Garage door opener remote(s), Water Heater
- Features
- Wooded area, Flat site, Paved yard, Carpet Free
Building
- Basement
- Finished, Full
- Exterior
- Brick
- Foundation
- Concrete
- Parking
- Detached Garage, Garage · 1 space
- Amenities
- Separate Electricity Meters
- Security
- Smoke Detectors
Land
- Lot size
- 35 x 100 ft
- Zoning
- R3P
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Sewer, Electricity, Cable
Location
- Cross streets
- Beechwood to MacKay
- Directions
- Beechwood Avenue to MacKay Street to Ivy Crescent Visitor Parking on the Street.
Running costs
- Annual property tax
- $9,681
Rooms
| Living room | Main level | 3.71 x 4.77 m |
| Den | Second level | 1.83 x 2.3 m |
| Kitchen | Main level | 3.96 x 3.45 m |
| Solarium | Second level | 4.78 x 2.31 m |
| Living room | Lower level | 3.56 x 4.65 m |
| Kitchen | Lower level | 3.91 x 3.35 m |
| Bedroom | Lower level | 3.92 x 3.33 m |
| Bathroom | Lower level | 1.51 x 2.16 m |
| Utility room | Lower level | 2.64 x 3.36 m |
| Workshop | Main level | 4.5 x 5.09 m |
| Bedroom | Main level | 3.47 x 3.44 m |
| Bedroom | Main level | 3.46 x 3.44 m |
| Bathroom | Main level | 1.5 x 2.24 m |
| Living room | Second level | 3.71 x 4.81 m |
| Kitchen | Second level | 3.95 x 3.47 m |
| Bedroom | Second level | 3.44 x 3.48 m |
| Primary Bedroom | Second level | 3.47 x 3.48 m |
| Bathroom | Second level | 1.5 x 2.24 m |
$1,225,000
55 Ivy Crescent
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