224 LYON Street, Ottawa Centre, ON

$399,000
MLS#:X10441197
1 beds
1 baths
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of 4102 - Ottawa Centre. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $399,000 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
  • Thoughtfully designed floor plan offering excellent spatial utility and privacy
  • Features a none, none basement, adding superb versatility for recreation, a home gym, or extra storage
  • 0.0 total parking spaces available
  • Notable attributes: Unknown
  • equipped with central air central cooling and highly efficient forced air heating via other

Description

Flooring: Tile, Located at the corner of Lyon and Gloucester, Large one bedroom plus den located at Gotham. Live in this stunning one bedroom with amazing views looking south over the city. Featuring 9-foot ceilings, floor-to-ceiling windows. Big bright windows bring in lots of natural light. The kitchen features quartz counters, stainless steel appliances, gas stove, modern cabinets. The den is perfect for you work from home. In-unit laundry. Spacious Balcony has a very nice view and it even features a gas BBQ hookup! You will enjoy a luxurious lobby with full-time concierge, surveillance cameras and security system, large amenities room with oversized terrace, etc. Walking distance to O-train Lyon Station. Just steps from downtown, Centretown, and Chinatown, work-life balance has never been easier., Flooring: Laminate

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Property Summary

This condo apartment located at 224 LYON Street, Ottawa Centre is currently for sale and has been available on SousaSells for 602 days. This property is listed at $399,000 with an estimated mortgage of $1,328* per month. It has 1 bed, 1 bathroom, and is unknown square feet. 224 LYON Street, Ottawa Centre is in the 4102 - Ottawa Centre neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
1
Bathrooms
1
Kitchens
1
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJanuary 22, 2025
Sold price information is available to members only
Listed Date11/21/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone, None
CountyOttawa
Annual Tax$3,893
Legal DescriptionUNIT 6, LEVEL 3, OTTAWA-CARLETON STANDARD CONDOMINIUM PLAN NO. 987 AND ITS APPURTENANT INTEREST SUBJECT TO EASEMENTS AS SET OUT IN SCHEDULE A AS IN OC1758714 CITY OF OTTAWA

Parking & Garage

Parking Spaces0.0
Garage TypeNone

Heating & Cooling

Heat SourceOther
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Public Transit, Park

Interior Features

Unknown

Security Features

Unknown

Community Features

Location

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224 LYON Street, Ottawa Centre, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 224 LYON Street 306, Ottawa Centre, ON K1R 0C1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Ottawa Centre.

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Interest Rate4.00%
Down Payment$119,700 (30.0%)
* Minimum Canadian down payment required for this price is $19,950.
Amortization Period30 Years
Estimated Monthly Payment$1,328Based on a loan of $279,300 over 30 years.
Purchase Price$399,000
Loan Amount$279,300
Provincial Land Transfer Tax:$4,460
Total Estimated Closing Taxes:$4,460

About Purchasing a Home in Ottawa Centre, ON

For a property listed at $399,000 in Ottawa Centre, the legal minimum down payment is $19,950 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 $4,460 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 $4,460.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 4102 - Ottawa Centre, Ottawa Centre.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$525,010

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.