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43.73° N · 79.40° W — Toronto & nearby · 9,744 homes for sale today43.73° N · 79.40° W — 9,744 homes today(647) 554-7436Saved

45.4160° N · 75.7028° W — Ottawa Centre, Ottawa — MLS® #X14092682

204-224 Lyon St

$399,900

Ottawa Centre, Ottawa, Ontario K1R 0C1

1
BedroomsBeds
1
BathroomsBaths
600-699 sqft600-699
SizeSq ft

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In short · from the listing record

204-224 Lyon St is a 1-bedroom, 1-bathroom condo in Ottawa Centre, Ottawa, listed for sale at an asking price of $399,900 (MLS® X14092682).

Vacant, move-in ready and available with flexible possession. This one-bedroom-plus-den condo at the Gotham offers 676 sq ft of living space, a rare south-facing private terrace of over 400 sq ft per the builder's plan, and an owned heated underground parking space. That combination is hard to find in downtown Ottawa. Built by Lamb Development Corporation, the unit features 10-foot exposed concrete ceilings, floor-to-ceiling windows and engineered hardwood floors. The European-style kitchen has stone countertops and stainless steel appliances, including a gas range. The den works well as a home office or guest space. The spa-inspired bathroom has porcelain finishes. In-unit laundry and an individually controlled heat pump for heating and cooling add everyday comfort. Hot water and gas for the stove are included in the condo fees. The terrace gets sun all day and has a gas BBQ hookup, making it a true outdoor room for entertaining. You are steps from Lyon Station, federal government offices and Parliament Hill, with Centretown's restaurants and shops at your door. Walking to work saves time every day. Strong downtown rental demand also makes this a solid choice for investors. Building amenities include concierge service, a party room, secure fob access and fibre optic internet. Select photos are virtually staged

Listing readings

How it measures up

Scores from the listing record and the market around it.

  • 66Fair

    Condition score

    4 condition-related facts documented

    Listing age, structured features and disclosed update language; not an inspection.

  • 32Shortfall

    Cash flow quality

    −$782/mo against the cost of owning (20% down, 4.8%, 25 yrs)

    Median of 40 condos with 1 bedroom for lease in Ottawa Centre right now. Cost of owning counts the mortgage, property tax and the condo fee.

Condition uses listing-record signals, not an inspection.

The data table

Every fact

Everything the board publishes for this home.

Tax
$4,738 / 2026
MLS® number
X14092682
Board
TRREB MLS®
Property Type
Condo Apt
Time on market
Size
600-699 sqft
Listed on
Parking
1 Underground, 1 Parking

Listing history

Listing activity for 204-224 Lyon St, Ottawa, Ontario

Date StartDate EndList PricePriceEventListing ID
Date StartN/AN/A$399,900N/APcX14092682

Inside

Room by room

From the listing.

Main7 rooms
  • Living3.8 × 3.0 m
  • Dining3.8 × 3.0 m
  • Kitchen0.0 × 0.0 m
  • Den3.07 × 2.06 m
  • Br3.3 × 2.74 m
  • Other6.1 × 4.62 mW/O To Terrace
  • Bathroom0.0 × 0.0 m4 Pc Bath

Property

Property Type
Condo Apt
Style
1 Storey/Apt
Community
Ottawa Centre
Municipality
Ottawa

Building

Size
600-699 sqft
Construction
Concrete

Inside

Bedrooms
1
Bathrooms
1
Bathroom Details
1 × 4pc Main
Basement Type
None
Kitchens
1

Parking

Garage Type
Underground
Garage
1
Additional Parking
0
Total Parking
1

Utilities

Cooling
Central Air
Heating Type
Forced Air

Where it sits

The street and the area

Asking prices on the map.

Map and tour

Transit nearby

StationLinesDistance
LyonOC Transpo light rail: O-Train Line 1300 m
ParliamentOC Transpo light rail: O-Train Line 1650 m
PimisiOC Transpo light rail: O-Train Line 1850 m
RideauOC Transpo light rail: O-Train Line 11.4 km
Lycée ClaudelOC Transpo bus rapid transit: Transitway3.2 km

The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: OC Transpo schedule data (GTFS) from the City of Ottawa under the Open Government Licence – City of Ottawa, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – City of Ottawa.

Around it

Condo Apt in Ottawa Centre

Active listings only, today.

Condos for sale in Ottawa Centre right now

For sale now
131
Median asking price
$420K

Middle half: $345K to $522K

New in 7 days
11

41 in 28 days

Price cuts
26%

34 listings

This home is asking 5% below the median.

See all homes in Ottawa Centre

Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.

Site report

What the record says

What the City and the conservation authority have on file for this address.

  • ca regulatedNone in rangeNot in Rideau Valley Conservation Authority’s mapped regulated area
  • floodNone in rangeNot in the municipality’s mapped flood area
  • provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
  • wetlandNone in rangeNo mapped wetland within 120 m
  • aggregateNone in rangeNo licensed pit or quarry within 2 km
  • wellsNone in rangeNo recorded oil, gas or salt well within 250 m
  • transitOn recordTransit stop within 400 m From the transit agency’s published stop map; the nearest is 210 m away. Routes and stops change; check the agency’s schedule.
  • trailOn recordA trail on the Ontario trail network within 1 km
  • airportOn recordNearest airport: 6.3 km
  • water wellsNone in rangeNo water-supply well recorded within 250 m 1 test or monitoring hole also recorded.
  • npriOn record1 facility within 1 km reports pollutant releases to Environment Canada The nearest is Public Works and Government Services Canada — Cliff Central Heating and Cooling Plant, 710 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
  • fcsiOn record36 federal contaminated sites within 1 km 16 still active or suspected; the rest are closed. The federal inventory covers federal land only, not provincial or private sites.
  • electricityOn recordElectricity is distributed here by Hydro Ottawa Limited
  • internet speedOn recordWired internet 50/10 Mbps or faster is listed at a household 30 m away Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
  • broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: OmniTEC Wireless, PioneerWireless, Rogers, Storm Internet, Xplore. Mobile: Bell, Rogers, Telus, Vidéotron. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.

Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Rideau Valley Conservation Authority or the record’s publisher.

Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – City of Ottawa. Contains information licensed under the Open Government Licence – Ontario.

Land transfer tax on this home

Ontario land transfer tax
$4,474
Total land transfer tax
$4,474
First-time buyer rebates (Ontario up to $4,000)
−$4,000
Total for first-time buyers
$474
See how this is worked out
0.5% on the first $55,000
$275
1.0% from $55,000 to $250,000
$1,950
1.5% from $250,000 to $399,900
$2,249
Ontario total
$4,474

An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.

Schools

Nearest schools

Straight-line distances. Check catchments with the board.

ElementaryEQAO average 2024–25

  • Centennial Public SchoolOttawa-Carleton DSBPublic · grades JK–8 · French Immersion64%Grade 6 average150 m
  • Cambridge Street Community Public SchoolOttawa-Carleton DSBPublic · grades JK–6 · French Immersion54%Grade 6 average900 m
  • St Anthony Elementary SchoolOttawa Catholic School BoardCatholic · grades JK–6 · French Immersion86%Grade 3 average1.2 km
  • École élémentaire catholique Coeur d'OttawaConseil des écoles catholiques du Centre-EstFrench-language Catholic · grades JK–8100%Grade 6 average1.9 km

SecondaryGrade 9 math 2024–25

  • Urban Aboriginal Alternate High SchoolOttawa-Carleton DSBPublic · grades 9–12 · French Immersion—300 m
  • Richard Pfaff Secondary Alternate SiteOttawa-Carleton DSBPublic · grades 9–12 · French Immersion—700 m
  • École secondaire catholique Saint-Jean-BaptisteConseil des écoles catholiques du Centre-EstFrench-language Catholic · grades 9–12—700 m
  • Immaculata High SchoolOttawa Catholic School BoardCatholic · grades 9–12 · French Immersion55%Grade 9 math1.9 km

EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.

Searches this home is in

Keep looking

The ledger

What it costs to own

Worked out for this home. Change any number.

Price$399,900

A month, all in

$2,782

  • Mortgage$1,825
  • Property tax$395
  • Condo or maintenance fee$562

A planning figure, not a quote.

Land transfer tax

$4,474

$474 for first-time buyers.

Rent, similar homes

$2,000

a month, median asking rent of 40 similar homes in Ottawa Centre.

Community

Who lives around it

Similar homes

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Shemeer Ahmad

Shemeer AhmadVALERY REAL ESTATE INC.

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(647) 554-7436

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