224 LYON Street, Ottawa Centre, ON

$329,900
MLS#:X9440675
0 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 $329,900 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.

  • 0 Bedrooms 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
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Discover the stunning architecture of The Gotham edifice and enjoy the essence of city living. Located near charming boutiques, diverse eateries, the National Art Centre, Parliament, and numerous galleries, this unit places you in the heart of it all. Expertly designed, the compact living space boasts engineered hardwood floors, exposed concrete ceilings, quartz countertops, stainless steel appliances, in-unit laundry, and a spacious balcony. The building's amenities include a welcoming entrance hall, an exceptional social gathering space perfect for private events, a vast outdoor terrace, and dedicated concierge services. Ideal for first-time buyers, young professionals, or savvy investors, this turnkey unit comes freshly painted. Plus, the option gas hookup for BBQ on the balcony. Minutes away from LRT station. This unit is 497sqft its the larger of the studio units (71sqft larger) and approx 25k upgrade from builder, Flooring: Hardwood

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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 767 days. This property is listed at $329,900 with an estimated mortgage of $1,098* per month. It has 0 beds, 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

0
Bathrooms
1
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJuly 19, 2024
Sold price information is available to members only
Listed Date6/5/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone, None
CountyOttawa
Annual Tax$3,030
Legal DescriptionUNIT 8, LEVEL 8, 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 SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Public Transit, Park, Major Highway

Interior Features

Security Features

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 N 808, 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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$98,970 (30.0%)
* Minimum Canadian down payment required for this price is $16,495.
Amortization Period30 Years
Estimated Monthly Payment$1,098Based on a loan of $230,930 over 30 years.
Purchase Price$329,900
Loan Amount$230,930
Provincial Land Transfer Tax:$3,424
Total Estimated Closing Taxes:$3,424

About Purchasing a Home in Ottawa Centre, ON

For a property listed at $329,900 in Ottawa Centre, the legal minimum down payment is $16,495 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 $3,424 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 $3,424.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$626,881

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.