224 Lyon Street N 411, Ottawa Centre

$425,000
224 Lyon Street N 411

$425,000

New
7d
Condo ApartmentApartment

224 Lyon Street N 411, Ottawa Centre

Total Monthly Obligation $2,949

Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
7d
Score
17
Yield
6.3%
Cash on Cash
-7.0%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.3%
Property Type-Condo Apartment
MLS® Number-X14088038
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,954.54 (2026)
Maintenance-$622/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-TBA
Neighbourhood-4102 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Experience downtown living at its best in the sought-after Gotham building at 224 Lyon Street. This stylish 751 sq.ft. 1-bedroom + den suite combines industrial-inspired architecture with contemporary design, featuring 10' ceilings, exposed concrete ceilings and feature walls, engineered hardwood flooring, and floor-to-ceiling windows. The designer kitchen offers gloss white cabinetry and quartz countertops, while the modern bathroom features linear tile flooring, a separate shower with custom glass door, and a deep soaker tub. A frosted glass sliding door provides privacy to the bedroom, while the versatile den with concrete accent wall is ideal for a home office or creative workspace. Enjoy a full-length balcony with glass guardrail and gas BBQ hookup, plus the convenience of in-unit laundry, and owned indoor parking! Perfectly positioned for a true live/work downtown lifestyle, you're just minutes from Parliament Hill, the ByWard Market, Elgin Street, Bank Street, Lebreton Flats, the Rideau Canal, restaurants, cafés, shops, transit, and Ottawa's business and government districts. Leave the car behind and enjoy everything downtown Ottawa has to offer right outside your door.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$340,000
Land Transfer Taxes$4,975
Legal Fees (Est.)
$
Total cash required for closing$91,475

Total Monthly Obligation

$2,949/mo
Mortgage $1,714
Monthly Loss $2,498
Principal$451
Interest$1,263
Property Tax$413
Condo Fees$622
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.2%0
5-Year IRR
6.4%16
10-Year IRR
8.1%
Returns Index
9.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$26,892/yr
NOI
$9,384/yr
Net Cash Flow
-$932/mo
Cash Margin
-41.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
25.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 224 Lyon Street N 411

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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