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New3 days ago

411 - 224 Lyon Street N

4102 - Ottawa Centre, Ottawa Centre

$425,000

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

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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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$622
LockerNone
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$4,955
mls© NumberX14088038
Listed ByRE/MAX HALLMARK REALTY GROUP
Water Included
Heat 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%
$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.

Down payment20% · $85,000
25-yr amortization

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 check

Investment Analysis

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

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