For sale
Triplex

55 Ivy Crescent

$1,095,000
Ottawa, Ontario, K1M 1Y1

Overview

  • Updated On:
  • April 01 2025
  • MLS® Number
  • X12010715
  • 5 Bedrooms
  • 3 Bathrooms

Description

Fantastic Investment Opportunity Triplex + Studio! This purpose-built property features two spacious two-bedroom apartments on the first and second floors, plus a one-bedroom unit on the lower level. The rental income includes: Unit 1 (one-bedroom) at $1,550/month until August 30, 2025, Unit 2 (two-bedroom) at $1,391/month + $328/month (studio/garage) on a month-to-month basis, and Unit 3 (two-bedroom) currently vacant and available for immediate possession at $2,500/month (market rent). Each unit boasts hardwood floors, upgraded kitchens, and renovated bathrooms, with access to an enclosed rear staircase and private outdoor space for dining al fresco. Recent updates include new dishwashers in Units 1 & 2, a replaced kitchen faucet in Unit 1, foundation waterproofing (2015), new flooring in Units 1 & 2 (2018), owned hot water tanks (2019), workshop/garage roof replacement (2019), and restructured back exterior stairs (2019). The studio space was formerly a double garage, now split into half garage, half studio. Tenants pay for hydro, internet, and cable and are responsible for garden maintenance and snow removal, while rents include heat and water/sewer. SEE LAST PHOTO FOR FULL FINANCIAL PROFILE. An exceptional income-generating opportunity don't miss out! (id:57887)

Price:
Price Info:
Property Type: Multi-family
Building Type: Triplex
Storeys: 2
Neighbourhood: New Edinburgh
Parking Type: Detached Garage, Garage
Amenities
Separate Electricity Meters
Appliances
Garage door opener remote(s)
Water Heater
Water meter
Dishwasher
Dryer
Garage door opener
Hood Fan
Stove
Two Washers
Refrigerator
Cooling & Heating
Natural gas
Hot water radiator heat
Window air conditioner
ExteriorFinish
Brick
FireProtection
Smoke Detectors
$ 5,614.28
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 4,245.53
Bedroom
BedroomsAboveGround: 5
BedroomsTotal: 5
Bathroom
BathroomTotal: 3
Basement
BasementDevelopment: Finished
BasementType: Full (Finished)
Size
SizeInterior: 1499.9875 - 1999.983 sqft
Construction
Age: 51 to 99 years
FoundationType: Concrete
Utility
UtilityWater: Municipal water
Acreage: No
LandAmenities: Public Transit
Sewer: Sanitary Sewer
SizeDepth: 100 Ft
SizeFrontage: 35 Ft
SizeIrregular: 35 X 100 Ft
SizeTotalText: 35 X 100 Ft
ZoningDescription: R3p
Second level
Type Dimensions
Mud Room 1.83 m x 2.3 m
Living Room 3.71 m x 4.81 m
Kitchen 3.95 m x 3.47 m
Bedroom 3.44 m x 3.48 m
Primary Bedroom 3.47 m x 3.48 m
Bathroom 1.5 m x 2.24 m
Lower level
Type Dimensions
Living Room 3.56 m x 4.65 m
Kitchen 3.91 m x 3.35 m
Bedroom 3.92 m x 3.33 m
Bathroom 1.51 m x 2.16 m
Utility Room 2.64 m x 3.36 m
Main level
Type Dimensions
Living Room 3.71 m x 4.77 m
Kitchen 3.96 m x 3.45 m
Bedroom 3.47 m x 3.44 m
Bedroom 3.46 m x 3.44 m
Bathroom 1.5 m x 2.24 m
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