224 Lyon Street, Ottawa Centre, ON
Property Highlights
Welcome to this remarkable 1 Storey/Apt condo apartment located in the coveted neighborhood of 4102 - Ottawa Centre. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $384,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 500-599 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient heat pump heating via gas
Description
Welcome to Gotham, one of Ottawa's most sought-after buildings in the heart of Centretown! This cozy and bright south-facing condo features exposed concrete walls, high ceilings, and a custom wood slat wall that adds warmth and character to the modern design. The open-concept kitchen is complete with quartz countertops and stainless steel appliances, including a gas stove-perfect for those who love to cook and entertain. Enjoy the convenience of in-unit laundry, underground parking, and a private balcony with a natural gas hookup for a BBQ. The building offers concierge service, a party room, bike storage, and visitor parking. Perfectly located steps from the new LRT station and within walking distance to Farm Boy, Independent, and the brand-new Food Basics, you'll have everything you need right at your doorstep. Plus, it's just a short walk to Ottawa's Bluesfest, shops, restaurants, and all of downtown's entertainment. Whether you're a first-time buyer, investor, or professional, this Gotham suite offers the perfect blend of style, comfort, and convenience
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Pricing & Value Insights
Data-driven valuation for 224 Lyon Street N 402, Ottawa Centre, ON K1R 0C1
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Ottawa Centre, ON
For a property listed at $384,000 in Ottawa Centre, the legal minimum down payment is $19,200 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,235 for this transaction. As this listing is in Ottawa Centre (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,235.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.