55 IVY CRESCENT
Ottawa, Ontario K1M1Y1

$1,095,000

ID# X12010715

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:25961)

Courtesy of RE/MAX HALLMARK REALTY GROUP

Listed on: March 10, 2025

On market: 25 days

Virtual Tour

Bathroom Total	3
Bedrooms Total	5
Cooling Type	Window air conditioner
Heating Type	Hot water radiator heat
Heating Fuel	Natural gas
Stories Total	2

Mud room	Second level	1.83 m x 2.3 m
Living room	Second level	3.71 m x 4.81 m
Kitchen	Second level	3.95 m x 3.47 m
Bedroom	Second level	3.44 m x 3.48 m
Primary Bedroom	Second level	3.47 m x 3.48 m
Bathroom	Second level	1.5 m x 2.24 m
Living room	Lower level	3.56 m x 4.65 m
Kitchen	Lower level	3.91 m x 3.35 m
Bedroom	Lower level	3.92 m x 3.33 m
Bathroom	Lower level	1.51 m x 2.16 m
Utility room	Lower level	2.64 m x 3.36 m
Living room	Main level	3.71 m x 4.77 m
Kitchen	Main level	3.96 m x 3.45 m
Bedroom	Main level	3.47 m x 3.44 m
Bedroom	Main level	3.46 m x 3.44 m
Bathroom	Main level	1.5 m x 2.24 m

Mud room	Second level	1.83 m x 2.3 m
Living room	Second level	3.71 m x 4.81 m
Kitchen	Second level	3.95 m x 3.47 m
Bedroom	Second level	3.44 m x 3.48 m
Primary Bedroom	Second level	3.47 m x 3.48 m
Bathroom	Second level	1.5 m x 2.24 m
Living room	Lower level	3.56 m x 4.65 m
Kitchen	Lower level	3.91 m x 3.35 m
Bedroom	Lower level	3.92 m x 3.33 m
Bathroom	Lower level	1.51 m x 2.16 m
Utility room	Lower level	2.64 m x 3.36 m
Living room	Main level	3.71 m x 4.77 m
Kitchen	Main level	3.96 m x 3.45 m
Bedroom	Main level	3.47 m x 3.44 m
Bedroom	Main level	3.46 m x 3.44 m
Bathroom	Main level	1.5 m x 2.24 m

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Grid List Table Map

$624,900 304 COOKS MILL CRESCENT
OTTAWA

$2,348,800 577 SHOREWAY DRIVE
OTTAWA

$1,025,000 2056 BEAVERHILL DRIVE
OTTAWA

$598,500 87 FLOWERTREE CRESCENT
OTTAWA

$1,159,900 54 ASCARI ROAD
OTTAWA

$799,000 56 JAMES LEWIS AVENUE
OTTAWA

Address	Price	Bed	Bath	SqFt	Area	Brokerage
304 COOKS MILL CRESCENT	$624,900	3	4	20.01 x 110.65 FT	Ottawa	ROYAL LEPAGE TEAM REALTY ADAM MILLS
577 SHOREWAY DRIVE	$2,348,800	6	6	85.5 x 266.6 FT	Ottawa	COLDWELL BANKER FIRST OTTAWA REALTY
2056 BEAVERHILL DRIVE	$1,025,000	4	3	82.7 x 273.2 FT	Ottawa	RE/MAX HALLMARK PILON GROUP REALTY
87 FLOWERTREE CRESCENT	$598,500	3	3	20.3 x 104 FT	Ottawa	REAL BROKER ONTARIO LTD.
54 ASCARI ROAD	$1,159,900	4	4	55.5 x 95.1 FT ; Corner Lot	Ottawa	ROYAL LEPAGE TEAM REALTY
56 JAMES LEWIS AVENUE	$799,000	2	2	65.6 x 101.7 FT	Ottawa	ROYAL LEPAGE TEAM REALTY

Nicolas Blackburn

SALES REPRESENTATIVE

Direct: (613) 601.2224

nblackburn@royallepage.ca

Royal LePage Team Realty

1723 Carling Ave

Ottawa, Ontario

Canada K2A 1C8

Office: 613-725-1171

Toll Free: 1-800-307-1545

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55 IVY CRESCENT Ottawa, Ontario K1M1Y1

55 IVY CRESCENT
Ottawa, Ontario K1M1Y1