55 Ivy Cres
Ottawa, Ontario
Beds
5
Baths
3
Sqft
1,500
Type
Triplex
About this Property
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.
Listing Details
- MLS #
- X13797412
- Board
- PROPTX
- Market
- ontario
- Property Type
- Triplex
- Style
- 2-Storey
- Year Built
- 51-99
- Garage
- Detached
- Garage Spaces
- 2
- Parking Spaces
- 1
- Basement
- Full, Finished
- Heating
- Radiant
- Cooling
- Window Unit
- Pool
- None
- Lot Size
- 35 × 100 ft
- Annual Taxes
- $9,681/yr
- Listed By
- REMAX HALLMARK REALTY GROUP
- Listed On
- September 17, 2026
Features & Extras
Extras
3 Fridges, 3 Stoves, 3 Dishwashers, 3 Hood Fans, 2 Clothes Washers, 2 Clothes Dryers, 3 Hot Water Tanks, 3 x Window Air Conditioners, window blinds, all installed light fixtures.
Room Measurements
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 4.77 × 3.71 m | |
| Kitchen | Main | 3.45 × 3.96 m | Combined W/Dining |
| Br | Main | 3.44 × 3.47 m | Closet, Double Closet |
| Br | Main | 3.44 × 3.46 m | Double Closet |
| Bathroom | Main | 2.24 × 1.5 m | 4 Pc Bath |
| Living | 2nd | 4.81 × 3.71 m | |
| Kitchen | 2nd | 3.47 × 3.95 m | Combined W/Dining |
| Br | 2nd | 3.48 × 3.44 m | |
| Primary | 2nd | 3.48 × 3.47 m | Double Closet |
| Bathroom | 2nd | 2.24 × 1.5 m | 4 Pc Bath |
| Den | 2nd | 2.3 × 1.83 m | Combined W/Laundry |
| Solarium | 2nd | 2.31 × 4.78 m | |
| Living | Lower | 4.65 × 3.56 m | |
| Kitchen | Lower | 3.35 × 3.91 m | Combined W/Dining |
| Br | Lower | 3.33 × 3.92 m | |
| Bathroom | Lower | 2.16 × 1.51 m | |
| Utility | Lower | 3.36 × 2.64 m | Combined W/Laundry |
| Workshop | Main | 5.09 × 4.5 m |
Nancy Benson
REMAX Hallmark®
REMAX HALLMARK REALTY GROUP