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.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $690 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 Street N St #1001
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
500-599 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 Storey/Apt
Property class
Condo Apartment
224 Lyon Street N St #1001 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14017884$345,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 224 Lyon Street N St #1001 Compares to the Ottawa Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
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
$1,695
/mo
based on the purchase price of $345,000
$69,000 cash
$276,000 financed
$232,464 total interest
Principal54%$276,000
Interest46%$232,464
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.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Ottawa
Other 1–2 bed homes for sale in Ottawa around $345K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings253Homes for sale here right now.
Median vs prior 90 days+4.8%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 151 sales from Jul 15 – Oct 13, 2026 (103 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
How much is 224 Lyon Street N St #1001 listed for?
224 Lyon Street N St #1001 is listed at $345,000 (MLS® X14017884). Summitly updates the price as soon as the MLS® record changes.
Is $345,000 a good price for 224 Lyon Street N St #1001?
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 Street N St #1001 changed?
No — 224 Lyon Street N St #1001 is still listed at its original asking price of $345,000.
How many bedrooms and bathrooms does 224 Lyon Street N St #1001 have?
224 Lyon Street N St #1001 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Ottawa.
Is 224 Lyon Street N St #1001 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 Street N St #1001?
About $1,695 a month — principal and interest on $345,000 with 20% down ($69,000), 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 Street N St #1001 compare with other homes in Ottawa?
Its asking price of $345,000 is about 25% below the median sold price in Ottawa over the last 90 days, $460,000, across 151 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 Street N St #1001 been sold before?
Summitly has no earlier MLS® sale or lease of 224 Lyon Street N St #1001 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 224 Lyon Street N St #1001?
224 Lyon Street N St #1001 is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 224 Lyon Street N St #1001 been on the market?
224 Lyon Street N St #1001 was listed today (October 13, 2026).
What is the price per square foot of 224 Lyon Street N St #1001?
About $576 to $690 per square foot: the asking price of $345,000 over the 500–599 sq ft the listing gives as its size range.
Does 224 Lyon Street N St #1001 have parking or a garage?
