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. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|---|---|
| Den | Second level | 1.83 m x 2.3 m |
| Solarium | Second level | 4.78 m x 2.31 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 |
| Workshop | Main level | 4.5 m x 5.09 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 |
Details
- Amenities Nearby: Public Transit
- Equipment: None
- Features: Wooded area, Flat site, Paved yard, Carpet Free
- Parking Spaces: 1
- Rental Equipment: None
- Structure: Deck, Workshop
- Transaction: For sale
- Zoning Description: R3P
Building
- Amenities: Separate Electricity Meters
- Appliances: Garage door opener remote(s), Water Heater, Water meter, Blinds, Dishwasher, Dryer, Hood Fan, Stove, Washer, Window Air Conditioner, Refrigerator
- BasementType: Full (Finished)
- Basement Development: Finished
- Bedrooms Main Level: 5
- Cooling: Window air conditioner
- Exterior Finish: Brick
- Fireplace Present: False
- Fire Protection: Smoke Detectors
- Foundation: Concrete
- Bathrooms (Total): 3
- Heating: Radiant heat
- Heating Fuel: Natural gas
- Size Interior: 1500 - 2000 sqft
- Stories Total: 2
- Type: Triplex
- Utility Water: Municipal water
Land
- Amenities: Public Transit
- Sewer: Sanitary sewer
- Size Frontage: 35 ft
- Size Irregular: 35 x 100 FT
Listing provided by RE/MAX HALLMARK REALTY GROUP
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 55 IVY CRESCENT in Ottawa Ontario. It was last modified on September 17th, 2026. Contact the Chris Drozda Group to schedule a viewing or to discover other Ottawa homes for sale.