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411 - 224 Lyon Street N
4102 - Ottawa Centre, Ottawa Centre
$425,000
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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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 700-799 sq. ft. |
| Maintenance Fees | $622 |
| Locker | None |
| Balcony | Open |
| Exposure | North |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $4,955 |
| mls© Number | X14088038 |
| Listed By | RE/MAX HALLMARK REALTY GROUP |
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%
- $2,175
- Property tax
- $413
- Heat allowance
- $150
- Condo fees, half counted
- $311
- Housing costs
- $3,049 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$94,000
gross annual household income
- Payment at 4%
- $1,788 / mo
- Cash down
- $85,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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