$1,300,000
$1,300,000
Triplex55 Ivy Crescent, Ottawa, ON
54 DAYSon market
5Bedrooms
3Bathrooms
2Garage
1500-2000Sq Ft

















































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Listed by RE/MAX HALLMARK REALTY GROUP
Listed by RE/MAX HALLMARK REALTY GROUP
Property Highlights
Garage
2 spaces
Property Tax
$9,294/yr
Age
51-99 yrs
Lot Size
3,500 sqft
Style
2-Storey
Basement
Full, Finished
Monthly Cost
$6,264/mo
About This Home
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.
Monthly Cost
Monthly Mortgage$5,490
Property Tax ($9,294/yr)$775
Total$6,265
Price & Listing History
Schools
Location
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Rooms
Main Level
Bathroom: 1.50m × 2.24m
Living Room: 3.71m × 4.77m
Bedroom: 3.46m × 3.44m
Bedroom: 3.47m × 3.44m
Kitchen: 3.96m × 3.45m
Second Level
Primary Bedroom: 3.47m × 3.48m
Mud Room: 1.83m × 2.30m
Bedroom: 3.44m × 3.48m
Bathroom: 1.50m × 2.24m
Living Room: 3.71m × 4.81m
Kitchen: 3.95m × 3.47m
Solarium: 4.78m × 2.31m
Lower Level
Bedroom: 3.92m × 3.33m
Kitchen: 3.91m × 3.35m
Living Room: 3.56m × 4.65m
Bathroom: 1.51m × 2.16m
Utility Room: 2.64m × 3.36m
Main Level
Bathroom: 1.50m × 2.24m
Living Room: 3.71m × 4.77m
Bedroom: 3.46m × 3.44m
Bedroom: 3.47m × 3.44m
Kitchen: 3.96m × 3.45m
Lower Level
Bedroom: 3.92m × 3.33m
Kitchen: 3.91m × 3.35m
Living Room: 3.56m × 4.65m
Bathroom: 1.51m × 2.16m
Utility Room: 2.64m × 3.36m
Second Level
Primary Bedroom: 3.47m × 3.48m
Mud Room: 1.83m × 2.30m
Bedroom: 3.44m × 3.48m
Bathroom: 1.50m × 2.24m
Living Room: 3.71m × 4.81m
Kitchen: 3.95m × 3.47m
Solarium: 4.78m × 2.31m
