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. (id:2494)
Property Details
ID
29316112
Ammenities Near By
Public Transit
Equipment Type
None
Features
Wooded area, Paved yard, Carpet Free
Location Description
Cross Streets: Beechwood to MacKay. ** Directions: Beechwood Avenue to MacKay Street to Ivy Crescent Visitor Parking on the Street.
Parking Space Total
1
Price
1,300,000
Rental Equipment Type
None
Structure
Deck, Workshop
Transaction Type
For sale
Zoning Description
R3P
Building
Bathroom Total
3
Bedrooms Above Ground
5
Bedrooms Total
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
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