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Hussein Zeineddine

hussein.zeineddine@engelvoelkers.com +1(613) 408-4082

$ 1,300,000

Est. payment -/mo

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Active

55 Ivy CRES New Edinburgh - Lindenlea, ON K1M 1Y1

5 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 3302 - Lindenlea

MLS Listing ID X12751336

Style 2-Storey

Bedrooms 5

Annual Tax Amount $9,294

Tax Year 2025

Property Sub-Type Triplex

Property Description

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.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room No

Basement Full, Finished

Kitchen 3

Interior

Interior Features Auto Garage Door Remote, Carpet Free, Separate Hydro Meter, Storage, Water Heater Owned, Water Meter

Cooling Window Unit(s)

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Paved Yard

Parking Features Available

Garage Spaces 2.0

Pool None

Roof Type Membrane

Lot Frontage 35.0

Lot Depth 100.0

Total Parking Spaces 1

Building

Building Age 51-99

Unit Features Wooded/Treed,Public Transit

Foundation Concrete

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN Yes

Virtual Tour https://youriguide.com/55_ivy_crescent_o

Listed by RE/MAX HALLMARK REALTY GROUP

NEARBY SCHOOLS & PROPERTIES

Hussein Zeineddine

Broker | License ID: zeinehu

+1(613) 408-4082

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