55 Ivy Cres
Lindenlea, Ottawa, Ontario K1M 1Y1
- Bedrooms
- 5
- Bathrooms
- 3
- Size
- 1,500–2,000sq ft
- Per sq ft
- $700at the range’s middle
- Lot
- 35 x 100 ft
- Tax a year
- $9,6812026 tax year
- Built
- 51-99
- Parking
- 12 detached
- Days on market
- Members
The brief
About 55 Ivy Cres
55 Ivy Cres is a 5-bedroom, 3-bathroom triplex in Lindenlea, Ottawa, listed for sale at an asking price of $1,225,000 (MLS® X13797412).
Exceptional Investment Opportunity - Turnkey Triplex + Studio in Prestigious New Edinburgh/Lindenlea. Strong income-producing asset with a 5.68% cap rate, gross income of $87,000, and NOI of $69,546, supporting approximately $1,250,000 in financing at current rates - a true money maker. Unit 1 - Leased ($1,850/month + hydro), Unit 2 -(vacant) Great for owner live-in (market rent $2,300/month), Unit 3 - Leased ($2,550/month + hydro), + Studio/workshop - Leased ($550/month incl. Hydro). Ideally located steps to Global Affairs, Beechwood Village, and scenic pathways along the Ottawa and Rideau Rivers. Walking distance to the ByWard Market and the Governor General's Residence & Global Affairs. This meticulously maintained all-brick (purpose-built) triplex plus a separate studio/workshop and a garage for storage is a turnkey investment. Apt #1 - features a renovated 1-bedroom unit with hardwood floors and a modern (2025) bathroom, Apt. # 2 main floor offers a bright 2-bedroom unit with refinished hardwood floors, renovated bath, large eat-in kitchen, and oversized deck with garden access, Apt. #3 - the second floor includes a 2-bedroom + den + solarium with hardwood throughout, updated kitchen and bathroom, and private laundry. The insulated studio/workshop with its own electrical panel is ideal for a music studio/ gym/ office. Additional features include an enclosed rear staircase, shared laundry (Units 1 & 2), gas-fired hot water heating, owned hot water tanks. Extensive upgrades include- Rebuilt rear stairs and Deck and Garage Renovation (2019), Professional painted throughout (2024) Foundation waterproofing (2015), Workshop/Garage Roof Replacement (2019), Main roof is(2014)and is modified bitumen ,Unit 1 Fully Renovated Bathroom (2025), Unit #2 Renovated Bathroom (2026), Upgraded- appliances, dishwashers, faucets. SEE LAST PHOTO (#50)FOR FULL FINANCIAL PROFILE OF PROPERTY.
Insights
Condition Score
Good83/1004 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall23/100−$2,396/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 24 homes with 5 bedrooms for lease in Ottawa right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $9,681 / 2026
- MLS® number
- X13797412
- Board
- TRREB MLS®
- Property Type
- Triplex
- Building Age
- 51-99
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 35 x 100 ft
- Listed on
- Parking
- 2 Detached, 1 Parking
Property details
Property
- Property Type
- Triplex
- Style
- 2-Storey
- Community
- Lindenlea
- Municipality
- Ottawa
Building
- Size
- 1500-2000 sqft
- Building Age
- 51-99
- Construction
- Brick
Inside
- Bedrooms
- 5
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc, 1 × 4pc, 1 × 4pc
- Basement Type
- Full
- Kitchens
- 3
Parking
- Driveway
- Available
- Garage Type
- Detached
- Garage
- 2
- Additional Parking
- 1
- Total Parking
- 1
Utilities
- Water
- Municipal
- Cooling
- Window Unit
- Heating Type
- Radiant
Land
- Sewer
- Sewers
- Frontage
- 35 ft
- Depth
- 100 ft
- Lot Size
- 35 x 100 ft
Additional
- Foundation
- Concrete
- Roof
- Membrane
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- 3 Fridges, 3 Stoves, 3 Dishwashers, 3 Hood Fans, 2 Clothes Washers, 2 Clothes Dryers, 3 Hot Water Tanks, 3 x Window Air Conditioners, window blinds, all installed light fixtures.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.77 × 3.71 m | — | Main |
| Kitchen | 3.45 × 3.96 m | Combined W/Dining | Main |
| Br | 3.44 × 3.47 m | Closet, Double Closet | Main |
| Br | 3.44 × 3.46 m | Double Closet | Main |
| Bathroom | 2.24 × 1.5 m | 4 Pc Bath | Main |
| Living | 4.81 × 3.71 m | — | 2nd |
| Kitchen | 3.47 × 3.95 m | Combined W/Dining | 2nd |
| Br | 3.48 × 3.44 m | — | 2nd |
| Primary | 3.48 × 3.47 m | Double Closet | 2nd |
| Bathroom | 2.24 × 1.5 m | 4 Pc Bath | 2nd |
| Den | 2.3 × 1.83 m | Combined W/Laundry | 2nd |
| Solarium | 2.31 × 4.78 m | — | 2nd |
| Living | 4.65 × 3.56 m | — | Lower |
| Kitchen | 3.35 × 3.91 m | Combined W/Dining | Lower |
| Br | 3.33 × 3.92 m | — | Lower |
| Bathroom | 2.16 × 1.51 m | — | Lower |
| Utility | 3.36 × 2.64 m | Combined W/Laundry | Lower |
| Workshop | 5.09 × 4.5 m | — | Main |
Listing history
Buy/sell history for 55 Ivy Cres, 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 | $1,225,000 | N/A | For Sale | X13797412 |
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
- $245,000
- Total mortgage amount
- $980,000
- Total interest payment
- $696,700
- Total purchase cost
- $1,921,700
- Mortgage payment
- $5,589/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
54%Monthly carrying cost
$6,396- Rent $4,000
- Shortfall $2,396
Rental income opens at $4,000, the median asking rent of 24 comparable homes for lease in Ottawa. 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
- $20,975
- Total land transfer tax
- $20,975
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $16,975
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 $400,000
- $2,250
- 2.0% from $400,000 to $1,225,000
- $16,500
- Ontario total
- $20,975
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 land
Lot
- Lot area
- 3,500 sq ft325 m²
- Street frontage
- 35 ft10.7 m
- Depth
- 100 ft30.5 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by GeoWarehouse.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Rideau Valley Conservation Authority’s mapped regulated areaAt the address
- Not in the municipality’s mapped flood areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m250 m
Rideau Valley Conservation Authority · Municipal flood mapping · Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 3.0 km3 km
Province of Ontario open data
Around the home2
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 230 m away. Routes and stops change; check the agency’s schedule.400 m
- A trail on the Ontario trail network within 1 km1 km
Municipal transit open data · Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Royal Canadian Mint — Ottawa, 1.9 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- 8 federal contaminated sites within 1 km3 still active or suspected; the rest are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Hydro Ottawa LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 70 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (70 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.70 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: OmniTEC Wireless, Rogers, Storm Internet, Xplore. Mobile: Bell, Rogers, Telus, Vidéotron. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Rideau Valley Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – City of Ottawa. Contains information licensed under the Open Government Licence – Ontario.
The market
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Rideau | OC Transpo light rail: O-Train Line 1 | 2 km |
| uOttawa | OC Transpo light rail: O-Train Line 1 | 2.3 km |
| Parliament | OC Transpo light rail: O-Train Line 1 | 2.8 km |
| Lees | OC Transpo light rail: O-Train Line 1 | 3 km |
| Lycée Claudel | OC Transpo bus rapid transit: Transitway | 4.1 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 |
|---|---|---|---|
| St Brigid Elementary SchoolOttawa Catholic School Board | Catholic · grades JK–6 · French Immersion | 400 m | 60%Grade 6 average |
| École élémentaire publique Trille des BoisConseil des écoles publiques de l'Est de l'Ontario | French-language public · grades JK–8 | 750 m | 90%Grade 6 average |
| Rockcliffe Park Public SchoolOttawa-Carleton DSB | Public · grades JK–6 · French Immersion | 900 m | 80%Grade 6 average |
| École élémentaire catholique Sainte-AnneConseil des écoles catholiques du Centre-Est | French-language Catholic · grades JK–8 | 1.1 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| École secondaire publique De La SalleConseil des écoles publiques de l'Est de l'Ontario | French-language public · grades 9–12 | 900 m | 74%Grade 9 math |
| Lisgar Collegiate InstituteOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 2.5 km | 73%Grade 9 math |
| Ottawa Technical Secondary SchoolOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 3 km | 23%Grade 9 math |
| Immaculata High SchoolOttawa Catholic School Board | Catholic · grades 9–12 · French Immersion | 3.5 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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