Exceptional Investment Opportunity - Turnkey Triplex + Studio in Prestigious New Edinburgh/Lindenlea. Strong income-producing asset with a 5.4% cap rate, gross income of $88,800, and NOI of $70,856, supporting approximately $1,250,000 in financing at current rates - a true money maker. Unit 1 is leased at $1,850/month + hydro, Unit 2 (vacant) offers market rent of approximately $2,500/month, Unit 3 is rented at $2,500/month + hydro, and the studio/workshop generates $550/month, providing stable income with upside. Ideally located steps to Global Affairs, Beechwood Village, and scenic pathways along the Ottawa and Rideau Rivers, and within walking distance to the ByWard Market and the Governor General's Residence. This meticulously maintained all-brick purpose-built triplex plus separate studio/workshop within a double detached garage is a turnkey investment. The lower level features a renovated 1-bedroom unit with hardwood floors and a modern 2025 bathroom, the main floor offers a bright 2-bedroom unit with refinished hardwood, renovated bath, large eat-in kitchen, and oversized deck with garden access, while the second floor includes a 2-bedroom + den + solarium unit with hardwood throughout, updated kitchen and bath, and private laundry. The insulated studio/workshop with its own electrical panel is ideal for a gym, office, or added income. Additional features include an enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, A/C in the basement unit, tandem multi-car driveway plus garage parking, and professional painting throughout. Extensive upgrades include foundation waterproofing, roof replacement, owned hot water tanks, rebuilt rear stairs and deck, upgraded appliances, added dishwashers, new faucets, renovated bathrooms, and refinished hardwood floors. SEE LAST PHOTO FOR FULL FINANCIAL PROFILE. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|---|---|
| Mud room | 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 |
| 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, 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, Dishwasher, Dryer, Hood Fan, Stove, Washer, 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
- 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 February 2nd, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.