55 Ivy Crescent
3302 - Lindenlea
New Edinburgh - Lindenlea
K1M 1Y1
$1,300,000
Residential Freehold
beds: 5
baths: 3.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12751336
- Bedrooms:
- 5
- Bathrooms:
- 3
- Photos (46)
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Exceptional Investment Opportunity - Turnkey Triplex + Studio in Prestigious New Edinburgh/Lindenlea. Strong income-producing asset with a 5.4% cap rate, gross income of $88,800, and NOI of $70,856, supporting approximately $1,250,000 in financing at current rates - a true money maker. Unit 1 is leased at $1,850/month + hydro, Unit 2 (vacant) offers market rent of approximately $2,500/month, Unit 3 is rented at $2,500/month + hydro, and the studio/workshop generates $550/month, providing stable income with upside. Ideally located steps to Global Affairs, Beechwood Village, and scenic pathways along the Ottawa and Rideau Rivers, and within walking distance to the ByWard Market and the Governor General's Residence. This meticulously maintained all-brick purpose-built triplex plus separate studio/workshop within a double detached garage is a turnkey investment. The lower level features a renovated 1-bedroom unit with hardwood floors and a modern 2025 bathroom, the main floor offers a bright 2-bedroom unit with refinished hardwood, renovated bath, large eat-in kitchen, and oversized deck with garden access, while the second floor includes a 2-bedroom + den + solarium unit with hardwood throughout, updated kitchen and bath, and private laundry. The insulated studio/workshop with its own electrical panel is ideal for a gym, office, or added income. Additional features include an enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, A/C in the basement unit, tandem multi-car driveway plus garage parking, and professional painting throughout. Extensive upgrades include foundation waterproofing, roof replacement, owned hot water tanks, rebuilt rear stairs and deck, upgraded appliances, added dishwashers, new faucets, renovated bathrooms, and refinished hardwood floors. SEE LAST PHOTO FOR FULL FINANCIAL PROFILE.
- Under Contract:
- None
- Property Type:
- Residential Freehold
- Property Sub Type:
- Triplex
- Home Style:
- 2-Storey
- Approx. Age:
- 51-99
- Total Approx Floor Area:
- 1500-2000
- Lot Depth:
- 100'30.5 m
- Lot Frontage:
- 35'10.7 m
- Lot Shape:
- Rectangular
- Direction Faces:
- North
- Bedrooms:
- 5
- Bathrooms:
- 3.0
- Water supply:
- Municipal
- Kitchens:
- 3
- Kitchens in Basement:
- 0
- Bedrooms Above Grade:
- 5
- Kitchens Above Grade:
- 3
- Rooms Above Grade:
- 13
- Rooms Below Grade:
- 5
- Fractional Ownership:
- No
- Zoning:
- R3P
- Assignment:
- No
- Heating type:
- Water
- Heating Fuel:
- Gas
- Foundation:
- Concrete
- Roof:
- Membrane
- Basement:
- Full, Finished
- Fireplace/Stove:
- No
- Garage:
- Detached
- Garage Spaces:
- 2.0
- Other Structures:
- Workshop, Additional Garage(s)
- Parking Features:
- Available
- Parking Spaces:
- 1
- Total Parking Spaces:
- 1.0
- Family Room:
- No
- Possession Details:
- TBA
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Taxes:
- $9,294 / 2025
- Assessment:
- $- / -
- Ottawa
- New Edinburgh - Lindenlea
- 3302 - Lindenlea
- Wooded/Treed, Public Transit
- Auto Garage Door Remote, Carpet Free, Separate Hydro Meter, Storage, Water Heater Owned, Water Meter
- Deck, Paved Yard
- Carbon Monoxide Detectors, Smoke Detector
- 3 Fridge, 3 Stoves, 3 Dishwashers, 3 Hood Fans, 2 Clothes Washers 2 Dryers, 3 Hot Water Tanks, Air Conditioner (Apt. 1)
- All items belonging to Tenants.
- None
- Brick
- No
- No
- Floor
- Type
- Size
- Other
- Main
- Living Room
- 15'7¾"4.77 m × 12'2"3.71 m
- Main
- Kitchen
- 13'3.96 m × 11'4"3.45 m
- Combined w/Dining
- Main
- Bedroom
- 11'5"3.48 m × 11'3"3.43 m
- Closet, Double Closet
- Main
- Bedroom
- 11'4¼"3.46 m × 11'3"3.43 m
- Double Closet
- Second
- Living Room
- 15'9"4.80 m × 12'2"3.71 m
- Second
- Kitchen
- 12'11½"3.95 m × 11'5"3.48 m
- Combined w/Dining
- Second
- Bedroom
- 11'5"3.48 m × 11'3"3.43 m
- Second
- Primary Bedroom
- 11'5"3.48 m × 11'5"3.48 m
- Double Closet
- Second
- Mud Room
- 7'6½"2.30 m × 6'1.83 m
- Combined w/Laundry
- Second
- Solarium
- 15'8"4.78 m × 7'7"2.31 m
- Lower
- Living Room
- 15'3"4.65 m × 11'8"3.56 m
- Lower
- Kitchen
- 12'10"3.91 m × 11'3.35 m
- Lower
- Bedroom
- 12'10"3.91 m × 10'11"3.33 m
- Lower
- Utility Room
- 11'3.35 m × 8'8"2.64 m
- Combined w/Laundry
- Floor
- Ensuite
- Pieces
- Other
- Main
- No
- 4
- 4'11" x 7'4" 4 Pc Bath
- Second
- No
- 4
- 4'11" x 7'4" 4 Pc Bath
- Lower
- No
- -
- 4'11½" x 7'1"
- UFFI:
- No
- Utilities Cable:
- Yes
- Utilities Telephone:
- Yes
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Sewers:
- Yes
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Window Unit(s)
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Physically Handicapped-Equipped:
- No
- Laundry Level:
- Lower Level
- Date Listed:
- Feb 02, 2026
-
Photo 1 of 46
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Unit # 1 - Entrance
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Unit # 1 - Living Room
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Unit # 1 - Living Room (Virtually stage)
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Unit # 1 - Living Room
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Unit # 1 - Kitchen
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Unit # 1 - Kitchen (Virtually stage)
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Unit # 1 - Bedroom
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Unit # 1 - Bedroom (Virtually stage)
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Unit # 1 - Bathroom
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Unit # 1 - Bathroom
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Unit # 2 - Entrance
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Unit # 2 - Living Room
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Unit # 2 - Living Room (Virtually stage)
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Unit # 2 - Living Room
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Unit # 2 - Kitchen / Eat-in Area
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Unit # 2 - Kitchen / Eat-in Area (virtually stage)
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Unit # 2 - Kitchen / Eat-in Area
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Unit # 2 -Bedroom l
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Unit # 2 -Bedroom l (Virtually staged)
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Unit # 2 - Bathroom
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Unit # 2 - Bedroom ll
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Unit # 2 - Bedroom ll (virtually staged)
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Unit # 2 - Deck
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Unit # 2 - Deck
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Unit # 3 - Entrance
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Unit # 3 - Living Room
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Unit # 3 - Living Room (virtually staged)
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Unit # 3 - Kitchen
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Unit # 3 - Kitchen (virtually staged)
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Unit # 3 - Eat-In area
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Unit # 3 - Bedroom
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Unit # 3 - Bedroom
-
Unit # 3 - Bathroom
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Unit # 3 - Den/Laundry
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Unit # 3 - Solarium
-
Laundry
-
Studio
-
Studio (Virtually staged)
-
Studio (Virtually staged)
-
Studio (Virtually staged)
-
Garage
-
Studio
-
Backyard
-
Backyard
-
Expenses
Virtual Tour
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Listed by RE/MAX HALLMARK REALTY GROUP
Data was last updated May 18, 2026 at 06:15 AM (UTC)
- RACHEL HAMMER
- ROYAL LEPAGE TEAM REALTY
- 1 (613) 371-8908
- Contact by Email
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