$295,000
For sale: Apartment

Experience urban sophistication at 224 Lyon Street in the iconic Gotham building, where this meticulously designed studio apartment offers a functional layout that stands out from the rest. The interior features elegant dark hardwood floors and a modern white kitchen equipped with premium stainless steel appliances and sleek quartz countertops, complemented by the convenience of in-suite laundry and a full bathroom with a tub-shower combination. While the separate den is a signature Gotham feature that provides a distinct sleeping area for improved privacy, this specific unit is further distinguished by a patio door that is thoughtfully offset from the wall. This unique architectural detail maximizes usable floor space compared to other models, allowing for additional furniture placement along the exterior wall and a private balcony that enjoys the afternoon sun. Beyond the unit, residents enjoy a huge party room with a sunny south-facing balcony and BBQ area, an on-site concierge for secure package handling, and enhanced peace of mind with secure access featuring an after-hours second security door. This clever use of space and comprehensive building service package make this property a premier choice for those seeking style and spatial efficiency in the heart of the city.
Sold data
Apartment homes in Ottawa took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 62, across 369 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 60 days.
The median sale price was $398,000.
Homes sold for about 2.7% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 369 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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