224 Lyon St N #204 is a 1-bedroom, 1-bathroom condo in Ottawa, listed for $409,900. It has 600-699 sq ft of living space.
1This one-bedroom-plus-den condo at the Gotham offers 676 sq ft of living space, a rare south-facing private terrace of over 400 sq ft per the builder's plan, and an owned heated underground parking space.
2The European-style kitchen has stone countertops and stainless steel appliances, including a gas range.
3The den works well as a home office or guest space.
Vacant, move-in ready and available with flexible possession. This one-bedroom-plus-den condo at the Gotham offers 676 sq ft of living space, a rare south-facing private terrace of over 400 sq ft per the builder's plan, and an owned heated underground parking space. That combination is hard to find in downtown Ottawa. Built by Lamb Development Corporation, the unit features 10-foot exposed concrete ceilings, floor-to-ceiling windows and engineered hardwood floors. The European-style kitchen has stone countertops and stainless steel appliances, including a gas range. The den works well as a home office or guest space. The spa-inspired bathroom has porcelain finishes. In-unit laundry and an individually controlled heat pump for heating and cooling add everyday comfort. Hot water and gas for the stove are included in the condo fees. The terrace gets sun all day and has a gas BBQ hookup, making it a true outdoor room for entertaining. You are steps from Lyon Station, federal government offices and Parliament Hill, with Centretown's restaurants and shops at your door. Walking to work saves time every day. Strong downtown rental demand also makes this a solid choice for investors. Building amenities include concierge service, a party room, secure fob access and fibre optic internet. Select photos are virtually staged
1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $683 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 #204
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
600-699 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 #204 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14092682$409,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 224 Lyon St N #204 Compares to the Ottawa Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,014
/mo
based on the purchase price of $409,900
$81,980 cash
$327,920 financed
$276,195 total interest
Principal54%$327,920
Interest46%$276,195
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
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Similar homes for sale nearby in Ottawa
Other 1–3 bed homes for sale in Ottawa around $410K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings249Homes for sale here right now.
Median vs prior 90 days+1.4%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 138 sales from Jul 25 – Oct 23, 2026 (107 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
5 for sale · 1 for rent at 224 Lyon St N — plus its sale and lease history.
224 Lyon St N #204 is listed at $409,900 (MLS® X14092682). Summitly updates the price as soon as the MLS® record changes.
Is $409,900 a good price for 224 Lyon St N #204?
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 #204 changed?
No — 224 Lyon St N #204 is still listed at its original asking price of $409,900.
How many bedrooms and bathrooms does 224 Lyon St N #204 have?
224 Lyon St N #204 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Ottawa.
Is 224 Lyon St N #204 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 #204?
About $2,014 a month — principal and interest on $409,900 with 20% down ($81,980), 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 #204 compare with other homes in Ottawa?
Its asking price of $409,900 is about 8% below the median sold price in Ottawa over the last 90 days, $446,000, across 138 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 #204 been sold before?
Summitly has no earlier MLS® sale or lease of 224 Lyon St N #204 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 224 Lyon St N #204?
224 Lyon St N #204 is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 224 Lyon St N #204 been on the market?
4 days — 224 Lyon St N #204 was listed on October 19, 2026.
What is the price per square foot of 224 Lyon St N #204?
About $586 to $683 per square foot: the asking price of $409,900 over the 600–699 sq ft the listing gives as its size range.
Does 224 Lyon St N #204 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
