45.4090° N · 75.6969° W — Ottawa Centre, Ottawa — MLS® #X13844228
514 Lyon St
$1,375,000
Ottawa Centre, Ottawa, Ontario K1R 5X9
- 6
- BedroomsBeds
- 5
- BathroomsBaths
- 1500-2000 sqft1500-2000
- SizeSq ft
- 66 x 33 ft
- Lot sizeLot
Inquire about this listing
In short · from the listing record
514 Lyon St is a 6-bedroom, 5-bathroom multiplex in Ottawa Centre, Ottawa, listed for sale at an asking price of $1,375,000 (MLS® X13844228).
Welcome to 514 Lyon St, a turn-key 5-unit investment property ideally located in the heart of Centretown, one of Ottawa's most desirable and consistently strong rental markets. Generating $89,760 in gross annual income at a 5.3% cap rate, this well-maintained asset offers investors a rare opportunity to assume approximately $1.049M in existing financing at an attractive 4.25% interest rate with a 40-year amortization until June 1, 2030, providing a significant financing advantage in today's market. An option for a second position VTB is also available. The property has undergone extensive recent upgrades, including fully renovated units throughout, new windows (2023), and a new furnace and hot water tank (2023). With all major capital improvements completed, this is a true turn-key investment requiring minimal near-term capital expenditure. Located within walking distance of downtown Ottawa, transit, shops, restaurants, government offices, and major employment centres, 514 Lyon St benefits from strong rental demand and an unbeatable urban location. The property also includes 3 parking spaces across two driveways. The building is fully tenanted and stabilized, providing reliable, in-place cash flow from day one and a secure, low-risk investment for the new owner. This is an exceptional opportunity to acquire a stabilized multi-residential asset with strong income, attractive financing options, and significant recent improvements in one of Ottawa's premier rental neighbourhoods.
Listing readings
How it measures up
Scores from the listing record and the market around it.
73Good
Condition score
1 documented update signal
Listing age, structured features and disclosed update language; not an inspection.
27Shortfall
Cash flow quality
−$2,297/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 13 homes with 6 bedrooms for lease in Ottawa right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $8,688 / 2025
- MLS® number
- X13844228
- Board
- TRREB MLS®
- Property Type
- Multiplex
- Time on market
- Size
- 1500-2000 sqft
- Lot Size
- 66 x 33 ft
- Listed on
- Parking
- None, 3 Parking
Listing history
Listing activity for 514 Lyon St, Ottawa, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,375,000 | N/A | For Sale | X13844228 |
Inside
Room by room
Property
- Property Type
- Multiplex
- Style
- 2-Storey
- Community
- Ottawa Centre
- Municipality
- Ottawa
Building
- Size
- 1500-2000 sqft
- Construction
- Vinyl Siding
Inside
- Bedrooms
- 6
- Bathrooms
- 5
- Bathroom Details
- 5 × 3pc
- Basement Type
- Apartment
- Kitchens
- 5
Parking
- Driveway
- Available
- Garage Type
- None
- Additional Parking
- 3
- Total Parking
- 3
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Baseboard
Land
- Sewer
- Sewers
- Frontage
- 66 ft
- Depth
- 33 ft
- Lot Size
- 66 x 33 ft
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Lyon | OC Transpo light rail: O-Train Line 1 | 1.2 km |
| Pimisi | OC Transpo light rail: O-Train Line 1 | 1.3 km |
| Corso Italia | OC Transpo light rail: O-Train Line 2 | 1.4 km |
| Parliament | OC Transpo light rail: O-Train Line 1 | 1.4 km |
| Smyth | OC Transpo bus rapid transit: Transitway | 2.5 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
Multiplex in Ottawa Centre
Active listings only, today.
Multiplexes for sale in Ottawa Centre right now
- For sale now
- 7
- Median asking price
- $1.38M
- New in 7 days
- 0
- Price cuts
- 0%
Middle half: $1.3M to $1.56M
0 in 28 days
0 listings
This home is asking at the median.
See all homes in Ottawa CentreAsking 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 170 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: 6.6 km
- water wellsNone in rangeNo water-supply well recorded within 250 m 43 test or monitoring holes also recorded.
- groundwaterOn recordGroundwater recorded about 3.8 m below ground nearby The middle water level in the well records within 500 m (200 records). It changes with the season and from spot to spot.
- npriNone in rangeNo 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, 1.6 km away. Only facilities above the inventory’s reporting thresholds are listed.
- fcsiOn record1 federal contaminated site within 1 km 1 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 this location Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 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.
Lot
- Lot area
- 2,178 sq ft202 m²
- Street frontage
- 66 ft20.1 m
- Depth
- 33 ft10.1 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land transfer tax on this home
- Ontario land transfer tax
- $23,975
- Total land transfer tax
- $23,975
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $19,975
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 $400,000
- $2,250
- 2.0% from $400,000 to $1,375,000
- $19,500
- Ontario total
- $23,975
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
- Cambridge Street Community Public SchoolOttawa-Carleton DSBPublic · grades JK–6 · French Immersion54%Grade 6 average700 m
- Centennial Public SchoolOttawa-Carleton DSBPublic · grades JK–8 · French Immersion64%Grade 6 average900 m
- St Anthony Elementary SchoolOttawa Catholic School BoardCatholic · grades JK–6 · French Immersion86%Grade 3 average950 m
- École élémentaire catholique Coeur d'OttawaConseil des écoles catholiques du Centre-EstFrench-language Catholic · grades JK–8100%Grade 6 average1.4 km
SecondaryGrade 9 math 2024–25
- Richard Pfaff Secondary Alternate SiteOttawa-Carleton DSBPublic · grades 9–12 · French Immersion—450 m
- Glebe Collegiate InstituteOttawa-Carleton DSBPublic · grades 9–12 · French Immersion74%Grade 9 math800 m
- École secondaire catholique Saint-Jean-BaptisteConseil des écoles catholiques du Centre-EstFrench-language Catholic · grades 9–12—1 km
- Immaculata High SchoolOttawa Catholic School BoardCatholic · grades 9–12 · French Immersion55%Grade 9 math1.3 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.
A month, all in
$6,997
- Mortgage$6,273
- Property tax$724
A planning figure, not a quote.
Land transfer tax
$23,975
$19,975 for first-time buyers.
Rent, similar homes
$4,700
a month, median asking rent of 13 similar homes in Ottawa.
Community
Who lives around it
Similar homes
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Shemeer AhmadVALERY REAL ESTATE INC.
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