55 Ivy Crescent
New Edinburgh - Lindenlea, ON
- 5 bed
- 3 bath
- approx. 1500-2000 sqft
- Triplex
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2026)
- $9,681
- Listed
- September 17, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 51-99
- Construction
- Brick
- Roof
- Membrane
- Foundation
- Concrete
- Interior
- Auto Garage Door Remote, Carpet Free, Separate Hydro Meter, Storage, Water Heater Owned, Water Meter
- Lot Size
- 35 x 100 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 1
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Beechwood to MacKay
- Zoning
- R3P
- Parcel Number
- 042210129
- Possession
- Other
- Occupancy
- Tenant
Included
- Inclusions
- 3 Fridges, 3 Stoves, 3 Dishwashers, 3 Hood Fans, 2 Clothes Washers, 2 Clothes Dryers, 3 Hot Water Tanks, 3 x Window Air Conditioners, window blinds, all installed light fixtures.
- Exclusions
- All items belonging to Tenants.
- Rental Items
- Nil
Schools
Elementary
- St Brigid Elementary School0.4 km
Catholic · Ottawa CSB · 330 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 30% met the provincial standard
- École élémentaire publique Trille des Bois0.8 km
French public · CÉP de l'Est de l'Ontario · 605 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 79% met the provincial standard
- École élémentaire publique De la Salle0.9 km
French public · CÉP de l'Est de l'Ontario · 385 students
Secondary
- École secondaire publique De La Salle0.9 km
French public · CÉP de l'Est de l'Ontario · 950 students
Grade 10 literacy: 93% met the provincial standard
- Lisgar Collegiate Institute2.5 km
Public · Ottawa-Carleton DSB · 960 students
Grade 10 literacy: 91% met the provincial standard
- Ottawa Technical Secondary School3 km
Public · Ottawa-Carleton DSB · 330 students
Grade 10 literacy: 48% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K1M
- Population
- 6,764
- Private dwellings
- 3,341
- Median age
- 50
- Average household size
- 2.1
- Median household income
- $128,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in New Edinburgh - Lindenlea · last 12 months
- Median sold price
- $925,000
- Homes sold
- 63
- Median days on market
- 16
- Sale-to-list price
- 98.4%
Based on 63 recorded sales of residential freehold properties in New Edinburgh - Lindenlea over the last 12 months.
Rooms
4-piece, 4-piece, 4-piece
Second
- Bathroom4'11" x 7'4"
- Bedroom11'3" x 11'5"
- Den6' x 7'7"
- Kitchen13' x 11'5"
- Living Room12'2" x 15'9"
- Primary Bedroom11'5" x 11'5"
- Solarium15'8" x 7'7"
Main
- Bathroom4'11" x 7'4"
- Bedroom11'5" x 11'3"
- Bedroom11'4" x 11'3"
- Kitchen13' x 11'4"
- Living Room12'2" x 15'8"
- Workshop14'9" x 16'8"
Lower
- Bathroom4'11" x 7'1"
- Bedroom12'10" x 10'11"
- Kitchen12'10" x 11'
- Living Room11'8" x 15'3"
- Utility Room8'8" x 11'
Listed by
RE/MAX HALLMARK REALTY GROUP
Walk Score
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Location
Street View
Mortgage Calculator
$245,000
Estimated Monthly Payment
$6,018
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,018/mo (20% down, 5.5%)
Taxes: $807/mo · Insurance: $306/mo
Estimates only. Consult a financial advisor.
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Reita is an automated assistant, not a licensed real estate agent. This listing mentions 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.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?