The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Experience downtown living at its best in the sought-after Gotham building at 224 Lyon Street. This stylish 751 sq.ft. 1-bedroom + den suite combines industrial-inspired architecture with contemporary design, featuring 10' ceilings, exposed concrete ceilings and feature walls, engineered hardwood flooring, and floor-to-ceiling windows. The designer kitchen offers gloss white cabinetry and quartz countertops, while the modern bathroom features linear tile flooring, a separate shower with custom glass door, and a deep soaker tub. A frosted glass sliding door provides privacy to the bedroom, while the versatile den with concrete accent wall is ideal for a home office or creative workspace. Enjoy a full-length balcony with glass guardrail and gas BBQ hookup, plus the convenience of in-unit laundry, and owned indoor parking! Perfectly positioned for a true live/work downtown lifestyle, you're just minutes from Parliament Hill, the ByWard Market, Elgin Street, Bank Street, Lebreton Flats, the Rideau Canal, restaurants, cafés, shops, transit, and Ottawa's business and government districts. Leave the car behind and enjoy everything downtown Ottawa has to offer right outside your door.
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Age Groups
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Owners vs Renters
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What’s NearbyDistances approximate
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Transit score information is not available for this listing.
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Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,625/mo
Mortgage (principal + interest)$1,590
Property taxFrom listing: $4,955/yr$413
Condo feesFrom listing$622
Minimum $21,250 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$85,000
Ontario land transfer taxProvincial brackets, no first-time refund$4,975
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$92,775
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Ottawa Centre has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
