$1,300,000

Triplex

55 Ivy Crescent, Ottawa, ON

54 DAYS
5
3
2
1500-2000
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Listed by RE/MAX HALLMARK REALTY GROUP

Property Highlights

Garage

2 spaces

Property Tax

$9,294/yr

Age

51-99 yrs

Lot Size

3,500 sqft

Style

2-Storey

Basement

Full, Finished

Monthly Cost

$6,264/mo

About This Home

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.

Monthly Cost

Monthly Mortgage$5,490
Property Tax ($9,294/yr)$775
Total$6,265

Price & Listing History

Schools

Location

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Rooms

Main Level

Bathroom: 1.50m × 2.24m
Living Room: 3.71m × 4.77m
Bedroom: 3.46m × 3.44m
Bedroom: 3.47m × 3.44m
Kitchen: 3.96m × 3.45m

Second Level

Primary Bedroom: 3.47m × 3.48m
Mud Room: 1.83m × 2.30m
Bedroom: 3.44m × 3.48m
Bathroom: 1.50m × 2.24m
Living Room: 3.71m × 4.81m
Kitchen: 3.95m × 3.47m
Solarium: 4.78m × 2.31m

Lower Level

Bedroom: 3.92m × 3.33m
Kitchen: 3.91m × 3.35m
Living Room: 3.56m × 4.65m
Bathroom: 1.51m × 2.16m
Utility Room: 2.64m × 3.36m

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage