Living (4.77 × 3.71)
Level: Main
55 Ivy Cres
Lindenlea, Ottawa, Ontario K1M 1Y1
Description
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13797412
- Board
- TRREB MLS®
- Days on market
- Tax
- $9,681
- Size
- 1500-2000 sqft
- Lot
- 35 × 100 Feet
- Parking
- 2 Detached, 1 Parking
Listing History
Buy/Sell history for 55 Ivy Cres, Ottawa, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $1,225,000 | N/A | For Sale | X13797412 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Triplex
- Style
- 2-Storey
- Community
- Lindenlea
- Municipality
- Ottawa
Inside
- Bedrooms
- 5
- Bathrooms
- 3
- Bathroom Detail
- 1, 4pc
- Bathroom Detail
- 1, 4pc
- Bathroom Detail
- 1, 4pc
- Basement Type
- Full
- Kitchens
- 3
Utilities
- Water
- Municipal
- Cooling
- Window Unit
- Heating Type
- Radiant
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Parking
- Driveway
- Available
- Garage Type
- Detached
- Garage
- 2
- Add. Parking
- 1
- Total Parking
- 1
Land
- Sewer
- Sewers
- Lot Size
- 35 × 100 Feet
- Lot Size Code
- Feet
Additional
- Year built
- 51-99
- Foundation
- Concrete
- Roof
- Membrane
- Fireplace
- N
- Pool
- None
- Den
- N
- Family room
- N
- 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.
Rooms (18)
Kitchen (3.45 × 3.96)
Combined W/Dining
Level: Main
Br (3.44 × 3.47)
Closet · Double Closet
Level: Main
Br (3.44 × 3.46)
Double Closet
Level: Main
Bathroom (2.24 × 1.5)
4 Pc Bath
Level: Main
Living (4.81 × 3.71)
Level: 2nd
Kitchen (3.47 × 3.95)
Combined W/Dining
Level: 2nd
Br (3.48 × 3.44)
Level: 2nd
Primary (3.48 × 3.47)
Double Closet
Level: 2nd
Bathroom (2.24 × 1.5)
4 Pc Bath
Level: 2nd
Den (2.3 × 1.83)
Combined W/Laundry
Level: 2nd
Solarium (2.31 × 4.78)
Level: 2nd
Living (4.65 × 3.56)
Level: Lower
Kitchen (3.35 × 3.91)
Combined W/Dining
Level: Lower
Br (3.33 × 3.92)
Level: Lower
Bathroom (2.16 × 1.51)
Level: Lower
Utility (3.36 × 2.64)
Combined W/Laundry
Level: Lower
Workshop (5.09 × 4.5)
Level: Main
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
15 records read 7 on record nearby 8 checked, none on recordRead 2026-11-03
Water and conservation
- Not in Rideau Valley Conservation Authority’s mapped regulated area
- Not in the municipality’s mapped flood area
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m
Rideau Valley Conservation Authority · Municipal flood mapping · Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 3.0 km
Province of Ontario open data
Around the home
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 230 m away. Routes and stops change; check the agency’s schedule.
- A trail on the Ontario trail network within 1 km
Municipal transit open data · Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Royal Canadian Mint — Ottawa, 1.9 km away. Only facilities above the inventory’s reporting thresholds are listed.
- 8 federal contaminated sites within 1 km3 still active or suspected; the rest are closed. The federal inventory covers federal land only, not provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Hydro Ottawa Limited
- Wired internet 50/10 Mbps or faster is listed at a household 70 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (70 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: OmniTEC Wireless, 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.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the 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.
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$5,616
- Down payment$245,000
- Mortgage amount$980,000
- Total interest$704,800
- Total cost$1,929,800
Cash flow analysis
$5,616
Total monthly payment
$6,423
Break-even down payment
100%
Cash flow-$6,423
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
04 / Local performanceMarket detailsNeighbourhood price and activity trends
Expand Market details to load neighbourhood price and activity trends.
$1,225,000
$1,225,000
CAD
Estimated market value
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