55 Ivy Crescent,New Edinburgh - Lindenlea, ON K1M 1Y1
New Edinburgh - Lindenlea, ON K1M 1Y1
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.
Details
| MLS # | X13797412 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 42 |
| Listing Provided By | RE/MAX HALLMARK REALTY GROUP | X13797412 504301 |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.08 |
Interior
| Interior Features | Auto Garage Door Remote, Carpet Free, Separate Hydro Meter, Storage, Water Heater Owned, Water Meter |
|---|---|
| Lease To Own Equipment | None |
| Cooling | Window Unit(s) |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Deck, Paved Yard |
|---|---|
| Roof | Membrane |
| Foundation Details | Concrete |
| Topography | Flat, Wooded/Treed |
| Construction Materials | Brick |
| Security Features | Carbon Monoxide Detectors, Smoke Detector |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Available |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 9680.58 |
|---|---|
| Tax Legal Description | PT LTS 35 & 36, PL 68 , AS IN N724810 ; OTTAWA/GLOUCESTER |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | New Edinburgh - Lindenlea |
| Postal Code | K1M 1Y1 |
| Area | 3302 Lindenlea |
| Listing VS Median (in K1M 1Y1) | |
Price: $1,225,000 low | high Med: $0 On site: 42 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | New Edinburgh - Lindenlea |
| Postal Code | K1M 1Y1 |
| Area | 3302 Lindenlea |
| Listing VS Median (in K1M 1Y1) | |
Price: $1,225,000 low | high Med: $0 On site: 42 low | high Med: | |
