55 IVY CRESCENT Active Save Request In-Person Tour Request Virtual Tour
Ottawa,ON K1M1Y1
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,499 sqft
Price per Sqft $730
Subdivision 3302 - Lindenlea
MLS Listing ID X12010715
Bedrooms 5
Originating Board Ottawa Real Estate Board
Property Description
Fantastic Investment Opportunity Triplex + Studio! This purpose-built property features two spacious two-bedroom apartments on the first and second floors, plus a one-bedroom unit on the lower level. The rental income includes: Unit 1 (one-bedroom) at $1,550/month until August 30, 2025, Unit 2 (two-bedroom) at $1,391/month + $328/month (studio/garage) on a month-to-month basis, and Unit 3 (two-bedroom) currently vacant and available for immediate possession at $2,500/month (market rent). Each unit boasts hardwood floors, upgraded kitchens, and renovated bathrooms, with access to an enclosed rear staircase and private outdoor space for dining al fresco. Recent updates include new dishwashers in Units 1 & 2, a replaced kitchen faucet in Unit 1, foundation waterproofing (2015), new flooring in Units 1 & 2 (2018), owned hot water tanks (2019), workshop/garage roof replacement (2019), and restructured back exterior stairs (2019). The studio space was formerly a double garage, now split into half garage, half studio. Tenants pay for hydro, internet, and cable and are responsible for garden maintenance and snow removal, while rents include heat and water/sewer. SEE LAST PHOTO FOR FULL FINANCIAL PROFILE. An exceptional income-generating opportunity don't miss out! (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 1.83 m X 2.3 m Mud room
Extra Room 2 Second level 3.71 m X 4.81 m Living room
Extra Room 3 Second level 3.95 m X 3.47 m Kitchen
Extra Room 4 Second level 3.44 m X 3.48 m Bedroom
Extra Room 5 Second level 3.47 m X 3.48 m Primary Bedroom
Extra Room 6 Second level 1.5 m X 2.24 m Bathroom
Interior
Heating Hot water radiator heat
Cooling Window air conditioner
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 1
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://nancybenson.com/wp-content/uploads/sites/351/2024/10/Feature-Sheet-55-Ivy-.pdf