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New5 days ago

1009 - 224 Lyon Street N

4102 - Ottawa Centre, Ottawa Centre

$295,000

Condo Apartment |
0 | 1 | 0 | 1
About this home

Open House: Sunday October 18 - 2:00-4:00pm. Experience the pinnacle of downtown living at 224 Lyon Street in the iconic Gotham building. Whether you are a first-time buyer stepping into the market, a busy professional seeking to eliminate commute times during the workweek or looking for the ideal weekend lock-and-leave pied-a-terre, this meticulously designed space offers a lifestyle that works for everyone. The layout features a signature separate den for a distinct and private sleeping area, setting it apart from standard studios. Clever architectural design shines with a thoughtfully offset patio door that maximizes usable floor space, allowing for flexible furniture arrangements along the exterior wall and seamless access to a private balcony boasting warm afternoon sun. The interior features elegant dark hardwood floors and a sleek modern white kitchen equipped with premium stainless steel appliances and quartz countertops, complemented by in-suite laundry and a full bathroom. Residents benefit from premium building amenities including on-site concierge service for package handling, enhanced security with an after-hours second security door and a spacious party room featuring a sunny south-facing balcony with a BBQ area. Embrace an effortless urban lifestyle where you can walk to work, enjoy weeknights downtown and hit the road with ease on the weekends.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
Style1 Storey/Apt
Approx. Age11-15
Size0-499 sq. ft.
Maintenance Fees$374
LockerExclusive
BalconyOpen
ExposureNorth West
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$3,248
mls© NumberX14030620
Listed ByRE/MAX HALLMARK REALTY GROUP
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,510
Property tax
$271
Heat allowance
$150
Condo fees, half counted
$187
Housing costs
$2,118 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $59,000
25-yr amortization

Income needed

$65,000

gross annual household income

Payment at 4%
$1,241 / mo
Cash down
$59,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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