Map
Listed price in listed location currency (CAD).
$1,225,000

531

MLS® X13797412

Overview

Key Facts

Type Triplex
Levels Residential
Size -
Garage Detached
Taxes $9,681
Days Active 0
Lot Size 3500
Approx. Age 
MLS® Number X13797412

Property Address: 55 Ivy Cres, Ottawa, ON, K1M1Y1

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberX13797412
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageDetached
Approx. Age
BasementFull, Finished
DrivewayGarage Type:Detached
Garage Spaces
HeatGas, Radiant
A/CWindow Unit(s)

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $1,225,000

Front of Building
For Sale · 0 days

$1,225,000

MLS® X13797412

An hour ago

Not Sold Yet

September 2026, For Sale for $1,225,000

Front of Building
For Sale · 0 days

$1,225,000

MLS® X13797412

An hour ago

Not Sold Yet

June 2026, Expired for $1,300,000

Expired · 139 days

$1,300,000

MLS® X12751336

3 months ago

Canceled on Jun 22, 2026

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Home Estimate Zoopraisal®

This property is estimated to sell between: $1,225,000 and $2,347,000.
Similar properties in this area sold on average for: $1,972,400
Expected to sell in 84 days. Similar properties sold in 84 days. This home has been on Zoocasa for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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