55 Ivy Crescent Ottawa, Ontario K1M 1Y1
$1,300,000
Exceptional Investment Opportunity - Purpose-Built Triplex + Studio in Prestigious New Edinburgh/Lindenlea Rarely offered, this meticulously maintained all-brick purpose-built triplex plus separate studio/workshop (could be a great GYM) is part of a double detached garage. Truly turnkey property offering strong income, Property Overview - Unit 1 (Lower Level): 1 bedroom, leased at $1,850/month + hydro. Hardwood floors, spacious kitchen, and fully renovated modern bathroom (2025).Unit 2 (Main Floor - Vacant): 2 bedrooms, market rent $2,500/month. Refinished hardwood floors, renovated bathroom, large eat-in kitchen, oversized deck, and garden access. Unit 3 (Second Floor): 2 bedrooms + den and an Solarium, rented at $2,500/month + hydro. Hardwood throughout, renovated kitchen and bath, private laundry. Studio/Workshop (Vacant): Insulated with separate electrical panel, market rent $500/month. Ideal for studio, office, or GYM or simply added income. Detached Garage with expansion potential. Additional Features Enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, window A/C unit in basement apartment Multi-car driveway (tandem)plus garage parking, professionally painted throughout, and excellent long-term tenants in Units 1 & 3.Recent Upgrades - Foundation waterproofing, new flooring, owned hot water tanks, roof replacement, restructured rear stairs and deck, upgraded appliances, new faucets, dishwashers added, renovated bathrooms, and refinished hardwood floors. Location Steps to Global Affairs, Beechwood Village, leisure pathways along the Ottawa & Rideau rivers, walking distance to the Byward Market and Governor General's Residence. A truly special property offering flexibility, character, and premium rental income. Full financials available on agent website. 5.4% Cap. NOI $70,256 Covers $1,250,000 in mortgage at current rates a true money maker! (id:59524)
Property Details
| MLS® Number | X12751336 |
| Property Type | Multi-family |
| Community Name | 3302 - Lindenlea |
| AmenitiesNearBy | Public Transit |
| EquipmentType | None |
| Features | Wooded Area, Paved Yard, Carpet Free |
| ParkingSpaceTotal | 1 |
| RentalEquipmentType | None |
| Structure | Deck, Workshop |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Age | 51 To 99 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Garage Door Opener Remote(s), Water Heater, Water Meter, Dishwasher, Dryer, Hood Fan, Stove, Washer, Refrigerator |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | Window Air Conditioner |
| ExteriorFinish | Brick |
| FireProtection | Smoke Detectors |
| FoundationType | Concrete |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 100 Ft |
| SizeFrontage | 35 Ft |
| SizeIrregular | 35 X 100 Ft |
| SizeTotalText | 35 X 100 Ft |
| ZoningDescription | R3p |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Mud Room | 1.83 m | 2.3 m | 1.83 m x 2.3 m |
| Second Level | Solarium | 4.78 m | 2.31 m | 4.78 m x 2.31 m |
| Second Level | Living Room | 3.71 m | 4.81 m | 3.71 m x 4.81 m |
| Second Level | Kitchen | 3.95 m | 3.47 m | 3.95 m x 3.47 m |
| Second Level | Bedroom | 3.44 m | 3.48 m | 3.44 m x 3.48 m |
| Second Level | Primary Bedroom | 3.47 m | 3.48 m | 3.47 m x 3.48 m |
| Second Level | Bathroom | 1.5 m | 2.24 m | 1.5 m x 2.24 m |
| Lower Level | Living Room | 3.56 m | 4.65 m | 3.56 m x 4.65 m |
| Lower Level | Kitchen | 3.91 m | 3.35 m | 3.91 m x 3.35 m |
| Lower Level | Bedroom | 3.92 m | 3.33 m | 3.92 m x 3.33 m |
| Lower Level | Bathroom | 1.51 m | 2.16 m | 1.51 m x 2.16 m |
| Lower Level | Utility Room | 2.64 m | 3.36 m | 2.64 m x 3.36 m |
| Main Level | Living Room | 3.71 m | 4.77 m | 3.71 m x 4.77 m |
| Main Level | Kitchen | 3.96 m | 3.45 m | 3.96 m x 3.45 m |
| Main Level | Bedroom | 3.47 m | 3.44 m | 3.47 m x 3.44 m |
| Main Level | Bedroom | 3.46 m | 3.44 m | 3.46 m x 3.44 m |
| Main Level | Bathroom | 1.5 m | 2.24 m | 1.5 m x 2.24 m |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29316112/55-ivy-crescent-ottawa-3302-lindenlea
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March 01 2026 09:53:02
RE/MAX Hallmark Realty Group