1001-224 Lyon Street N St
Ottawa Centre, Ottawa, Ontario K1R 0C1
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500–599sq ft
- Per sq ft
- $628at the range’s middle
- Tax a year
- $3,6562026 tax year
- Built
- 11-15
- Parking
- 0underground
- Days on market
- Members
The brief
About 1001-224 Lyon Street N St
1001-224 Lyon Street N St is a 1-bedroom, 1-bathroom condo in Ottawa Centre, Ottawa, listed for sale at an asking price of $345,000 (MLS® X14017884).
SELLER TO PAY THE MONTHLY CONDO FEES FOR THE FIRST YEAR! Great opportunity to get into the market and adjust to home ownership with this RARE offering. The Gotham, Ottawa's chic and modern west-end residence. Stepping into this unit, one is greeted with the modern exposed concrete walls, en-trend white finishes. Dark oak hardwood floors and high ceilings are complimented with floor-to-ceiling windows, south-facing, enjoying all-day natural light and unobstructed city views. This building caterers to young professionals that want to be close to everything this city has to offer. This great location puts you steps from it all - three blocks from the Lyon LRT, a short walk to Parliament, Lebreton Flats and the newly added grocery store.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even46/100−$332/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 38 condos with 1 bedroom for lease in Ottawa Centre right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,656 / 2026
- MLS® number
- X14017884
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 11-15
- Days on market
- Size
- 500-599 sqft
- Listed on
- Parking
- Underground, 0 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 1 Storey/Apt
- Community
- Ottawa Centre
- Municipality
- Ottawa
Building
- Size
- 500-599 sqft
- Building Age
- 11-15
- Construction
- Brick
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Heat Pump
Additional
- Foundation
- Poured Concrete
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Washer, Dryer, Fridge, Stove, Dishwasher, Microwave/Hoodfan
- Condo maint.
- $453
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 1001-224 Lyon Street N St, Ottawa, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $345,000 | N/A | For Sale | X14017884 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $69,000
- Total mortgage amount
- $276,000
- Total interest payment
- $196,200
- Total purchase cost
- $541,200
- Mortgage payment
- $1,574/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
37%Monthly carrying cost
$2,332- Rent $2,000
- Shortfall $332
Rental income opens at $2,000, the median asking rent of 38 comparable homes for lease in Ottawa Centre. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $3,650
- Total land transfer tax
- $3,650
- First-time buyer rebates (Ontario up to $4,000)
- −$3,650
- Total for first-time buyers
- $0
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $345,000
- $1,425
- Ontario total
- $3,650
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The market
Condos for sale in Ottawa Centre right now
- For sale now
- 129
- Median asking price
- $420K
- New in 7 days
- 12
- Price cuts
- 26%
Middle half: $345K to $514K
48 in 28 days
33 listings
This home is asking 18% below the median.
See all homes in Ottawa CentreAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Lyon | OC Transpo light rail: O-Train Line 1 | 300 m |
| Parliament | OC Transpo light rail: O-Train Line 1 | 650 m |
| Pimisi | OC Transpo light rail: O-Train Line 1 | 850 m |
| Rideau | OC Transpo light rail: O-Train Line 1 | 1.4 km |
| Lycée Claudel | OC Transpo bus rapid transit: Transitway | 3.2 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: OC Transpo schedule data (GTFS) from the City of Ottawa under the Open Government Licence – City of Ottawa, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – City of Ottawa.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Centennial Public SchoolOttawa-Carleton DSB | Public · grades JK–8 · French Immersion | 150 m | 64%Grade 6 average |
| Cambridge Street Community Public SchoolOttawa-Carleton DSB | Public · grades JK–6 · French Immersion | 900 m | 54%Grade 6 average |
| St Anthony Elementary SchoolOttawa Catholic School Board | Catholic · grades JK–6 · French Immersion | 1.2 km | 86%Grade 3 average |
| École élémentaire catholique Coeur d'OttawaConseil des écoles catholiques du Centre-Est | French-language Catholic · grades JK–8 | 1.9 km | 100%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Urban Aboriginal Alternate High SchoolOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 300 m | — |
| Richard Pfaff Secondary Alternate SiteOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 700 m | — |
| École secondaire catholique Saint-Jean-BaptisteConseil des écoles catholiques du Centre-Est | French-language Catholic · grades 9–12 | 700 m | — |
| Immaculata High SchoolOttawa Catholic School Board | Catholic · grades 9–12 · French Immersion | 1.9 km | 55%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Ottawa Centre are shown to signed-in members.