Semi-Detached House sold at 55 Ivy Crescent, Ottawa, Lindenlea, K1M 1Y1 - MLS: X12010715

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55 Ivy Crescent

Ottawa, Ontario, K1M 1Y1

$1,075,000

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Neighbourhood

Lindenlea
Major Intersection

Beechwood to MacKay

Listed Since: 85 day(s)
Last update: 40 day(s) ago

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Overview

Property Type

Triplex, 2-Storey
Bedrooms

5
Bathrooms

3
Basement

Full + Finished
Kitchen

3
Total Parking

1 (2 Detached Garage)
Lot Size

100x35 (Feet)
Taxes

$8,780.57 (2024)
Type

Freehold

Property description for 55 Ivy Crescent, Ottawa, Lindenlea, K1M 1Y1

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!

Listed by RE/MAX HALLMARK REALTY GROUP

Property details

MLS #

X12010715
Sq. Ft

1500-2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

None
Drive

Available
Garage

Detached, 2 spaces
Total Parking

1
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Other
Foundation

Concrete
Elevator

N
Water View

n/a
Laundry Level

Lower
Heat

Water
A/C

Window Unit
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

X12010715
Sq. Ft

1500-2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

None
Drive

Available
Garage

Detached, 2 spaces
Total Parking

1
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Other
Foundation

Concrete
Elevator

N
Water View

n/a
Laundry Level

Lower
Heat

Water
A/C

Window Unit
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

3.71 x 4.77 ft Main level
Kitchen

3.96 x 3.45 ft Main level

Combined W/Dining
Br

3.47 x 3.44 ft Main level

Closet, Double Closet
Br

3.46 x 3.44 ft Main level

Double Closet
Bathroom

1.5 x 2.24 ft Main level

4 Pc Bath
Living

3.71 x 4.81 ft 2nd level
Kitchen

3.95 x 3.47 ft 2nd level

Combined W/Dining
Br

3.44 x 3.48 ft 2nd level
Primary

3.47 x 3.48 ft 2nd level

Double Closet
Bathroom

1.5 x 2.24 ft 2nd level

4 Pc Bath
Mudroom

1.83 x 2.3 ft 2nd level

Combined W/Laundry
Living

3.56 x 4.65 ft Lower level
Kitchen

3.91 x 3.35 ft Lower level
Br

3.92 x 3.33 ft Lower level
Bathroom

1.51 x 2.16 ft Lower level
Utility

2.64 x 3.36 ft Lower level

Combined W/Laundry

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History for 55 Ivy Crescent, Ottawa, Lindenlea, K1M 1Y1

This property has been sold 1 time before.

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Estimated price

Date

Price

Change

2025-03-10

$1,137,189

3.57%

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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