224 Lyon St N #402, Ottawa

Name: 224 Lyon Street N, Unit 402
SKU: X13527372
Price: 374000 CAD
Availability: InStock

1 Bed, 1 Bath Condo in Ottawa

Unit 402 at 224 Lyon Street North

Welcome to Gotham, one of Ottawa's most sought-after buildings in the heart of Centretown! This cozy and bright south-facing condo features exposed concrete walls, high ceilings, and a custom wood slat wall that adds warmth and character to the modern design. The open-concept kitchen is complete with quartz countertops and stainless steel appliances, including a gas stove-perfect for those who love to cook and entertain. Enjoy the convenience of in-unit laundry, underground parking, and a private balcony with a natural gas hookup for a BBQ. The building offers concierge service, a party room, bike storage, and visitor parking. Perfectly located steps from the new LRT station and within walking distance to Farm Boy, Independent, and the brand-new Food Basics, you'll have everything you need right at your doorstep. Plus, it's just a short walk to Ottawa's Bluesfest, shops, restaurants, and all of downtown's entertainment. Whether you're a first-time buyer, investor, or professional, this Gotham suite offers the perfect blend of style, comfort, and convenience

1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $748 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 224 Lyon St N #402

Every detail from the listing, in one place.

Type: Condo
Style: 1 Storey/Apt
Living space: 500-599 sq ftas stated on the listing
Parking: 1 spaceYes garage
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 1

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: 1 Storey/Apt
Property class: Condo Apartment

224 Lyon St N #402 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® X13527372−$10,000 (2.6%)$374,000
Jul 6, 2026For saleListedThis listingMLS® X13527372$384,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 224 Lyon St N #402 Compares to the Ottawa Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 240 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Ottawa market, last 90 days

Median sold price: $442,000
Average sold price: $571,337
Average days on market: 42
Homes sold: 131

Closed sales on the TRREB MLS®.

Full Ottawa market report

Market pulse · Ottawa

Ottawa market

Median sold price$442,000Last 90 days
Average days on market42Homes sold in about 42 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings239Homes for sale here right now.
Median vs prior 90 days+0.9%Compared with May 4 – Aug 2, 2026: prices up.

Based on 131 sales from Aug 2 – Oct 31, 2026 (109 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Ottawa

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 402 — 224 Lyon Street N 1 bd · 1 ba · 500 sqft	$374,000asking	$748	—	—
360 McLeod Street 1 bd · 1 ba · 600 sqft
255 Bay Street 1 bd · 1 ba · 600 sqft
197 Lisgar Street 1 bd · 1 ba · 900 sqft
317 Metcalfe Street 2 bd · 2 ba · 1,000 sqft
349 Mcleod Street 1 bd · 2 ba · 700 sqft
235 Kent Street 2 bd · 2 ba · 1,000 sqft

360 McLeod Street
1 bd · 1 ba · 600 sqft
255 Bay Street
1 bd · 1 ba · 600 sqft
197 Lisgar Street
1 bd · 1 ba · 900 sqft
317 Metcalfe Street
2 bd · 2 ba · 1,000 sqft
349 Mcleod Street
1 bd · 2 ba · 700 sqft
235 Kent Street
2 bd · 2 ba · 1,000 sqft

More in this building

5 for sale · 1 for rent at 224 Lyon St N — plus its sale and lease history.

See all of 224 Lyon St N

Living in Ottawa: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Lyon StationO-Train Line 1360 m5 min walk
Parliament StationO-Train Line 1660 m8 min walk
Pimisi StationO-Train Line 1880 m11 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Lyon Station (O-Train Line 1)5 min walk
Parliament Station (O-Train Line 1)8 min walk
Pimisi Station (O-Train Line 1)11 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Lyon Station
360 m5 minClosest· O-Train Line 1
Homes near Lyon Station
Parliament Station
660 m8 min· O-Train Line 1
Homes near Parliament Station
Pimisi Station
880 m11 min· O-Train Line 1
Homes near Pimisi Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 224 Lyon St N #402. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 224 Lyon St N #402

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $1,837; 20% down · 25 years · 5.5% assumed
Property tax: $206; 0.66% mill rate · ON
Total per month: $2,043; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$1,837

/mo

based on the purchase price of $374,000

Down payment20%

$74,800 cash

Amortization25 yr

$299,200 financed

Rate5.50%

$252,005 total interest

Principal54%$299,200

Interest46%$252,005

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

Book a tour of 224 Lyon St N #402 with a licensed buyer's agent

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Questions About 224 Lyon St N #402

How much is 224 Lyon St N #402 listed for?

224 Lyon St N #402 is listed at $374,000 (MLS® X13527372). Summitly updates the price as soon as the MLS® record changes.

Is $374,000 a good price for 224 Lyon St N #402?

Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Ottawa. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 224 Lyon St N #402 changed?

Yes — it was first listed at $384,000 and is now $374,000, a drop of $10,000 (2.6%).

How many bedrooms and bathrooms does 224 Lyon St N #402 have?

224 Lyon St N #402 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Ottawa.

Is 224 Lyon St N #402 close to transit?

The nearest rapid-transit station is Lyon Station (O-Train Line 1), about 360 m (about a 5-minute walk) in a straight line. Parliament Station is about 660 m (about a 8-minute walk), and Pimisi Station is about 880 m (about a 11-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 224 Lyon St N #402?

About $1,837 a month — principal and interest on $374,000 with 20% down ($74,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 224 Lyon St N #402 compare with other homes in Ottawa?

Its asking price of $374,000 is about 15% below the median sold price in Ottawa over the last 90 days, $442,000, across 131 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 224 Lyon St N #402 been sold before?

Summitly has no earlier MLS® sale or lease of 224 Lyon St N #402 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 224 Lyon St N #402?

224 Lyon St N #402 is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 224 Lyon St N #402 been on the market?

117 days — 224 Lyon St N #402 was listed on July 6, 2026.

What is the price per square foot of 224 Lyon St N #402?

About $624 to $748 per square foot: the asking price of $374,000 over the 500–599 sq ft the listing gives as its size range.

Does 224 Lyon St N #402 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know