Just Listed
Address
55 Ivy Crescent, New Edinburgh-Lindenlea, ON
Price
$ 1,225,000

Your Agent

Saif Al-Mulla

Sales Representative

613-704-3063


Listing provided by Saif Al-Mulla, Sales Representative, REMAX Hallmark Realty Group

Property Attributes
  • ID#X13797412
  • TypeMulti-Family
  • Listing Status New
  • CityNew Edinburgh-Lindenlea
  • Area3302 - Lindenlea
  • Neighbourhood3302 - Lindenlea
  • Postal CodeK1M 1Y1
  • Style2-Storey
  • Taxes$ 9680
  • Price$ 1,225,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1500-2000
Data Source:
Toronto Real Estate Board (TRREB)
Property 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.

Price History
9/17/2026 Listed $1,225,000

General Features

Sewer Sewer
Cooling Window Unit(s)
Roof Membrane
Architectural Style 2-Storey
Pool Features None
Security Features Carbon Monoxide Detectors,Smoke Detector
Construction Materials Brick
Heater Type Radiant
Parking Spaces 1
Topography Flat,Wooded/Treed
Property Subtype Triplex
Tax Year 2026
Lot Depth 100.0
PropertyFeatures Wooded/Treed,Public Transit
County Ottawa
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction North
Garage Y/N Yes
Other Structures Workshop,Additional Garage(s)
Status New
City New Edinburgh - Lindenlea
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 9680.58
Virtual Tour https://youriguide.com/55_ivy_crescent_o
Standard Status Active
Occupancy Type Tenant
Legal Description PT LTS 35 & 36,PL 68,AS IN N724810 ; OTTAWA/GLOUCESTER

Interior Features

Interior Amenities Auto Garage Door Remote,Carpet Free,Separate Hydro Meter,Storage,Water Heater Owned,Water Meter
Basement Full,Finished
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 5
Elevator? No
Total Baths 3
Bedrooms 5
Living Area Range 1500-2000

Exterior Features

Exterior Amenities Deck,Paved Yard
Parking Features Available
Total Parking 1.0
Garage Type Detached
Foundation Details Concrete
Spa No
Lot Size Source GeoWarehouse
Waterfront Y/N No
Covered Spaces 2.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in K1M 1Y1

Price
AVG $K
$1.23M

Your Agent

Saif Al-Mulla

Sales Representative

613-704-3063


Listing provided by Saif Al-Mulla, Sales Representative, REMAX Hallmark Realty Group

Listed By
RE/MAX HALLMARK REALTY GROUP

Areas We Cover