1 Day Ago
Location
240 Lyon St N, Ottawa, ON K1R 5V9, CAN|Centretown
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Property Overview
240 Lyon is an impressive property with an overall Zumper expert rating of 8.8, highlighting its appeal to renters. Its competitive price and outstanding amenities, both rated 10 out of 10, reflect excellent value and a high standard of living. With a location score of 9 and a trustworthiness rating of 7, residents enjoy convenience to local attractions and transparent management, making it an ideal choice for those working from home with included utilities and high-speed internet.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.
Great for
Work-from-home
Floor plans
| 2 Bedroom | 2 bed | 1 bath | $1,895 /mo |
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Amenities for 240 Lyon
Apartment Amenities
| Electric | Hardwood Floor |
| Heat | Hot Water |
Appliances
| Fridge | Stove |
Tech
| Internet Ready |
Building
| Smoking Allowed |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
No pets allowed.
Building details
Property details
| Lease terms | 12 months |
|---|
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About 240 Lyon
Please call or email for details
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, 240 Lyon is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 240 Lyon has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
240 Lyon offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
240 Lyon stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks, making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
240 Lyon is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 240 Lyon does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
240 Lyon provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
240 Lyon is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 240 Lyon compares to other nearby properties.
Considerations
- No central heat
- Fewer climate control options
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Centretown
2-bedroom apartments at 240 Lyon cost about 24% less than the average rent price for 2-bedroom apartments in Centretown.
Median rents as of Sep 13 2025.
Centretown
Ottawa
| Month | Median Rent |
|---|---|
| September 2023 | $1,625 |
| October 2023 | $1,609 |
| November 2023 | $1,582 |
| December 2023 | $1,589 |
| January 2024 | $1,595 |
| February 2024 | $1,550 |
| March 2024 | $1,546 |
| April 2024 | $1,545 |
| May 2024 | $1,544 |
| June 2024 | $1,549 |
| July 2024 | $1,590 |
| August 2024 | $1,670 |
| September 2024 | $1,702 |
| October 2024 | $1,683 |
| November 2024 | $1,668 |
| December 2024 | $1,655 |
| January 2025 | $1,652 |
| February 2025 | $1,654 |
| March 2025 | $1,623 |
| April 2025 | $1,597 |
| May 2025 | $1,589 |
| June 2025 | $1,599 |
| July 2025 | $1,607 |
| August 2025 | $1,616 |
| September 2025 | $1,625 |
| Month | Median Rent |
|---|---|
| September 2023 | $1,599 |
| October 2023 | $1,543 |
| November 2023 | $1,515 |
| December 2023 | $1,592 |
| January 2024 | $1,620 |
| February 2024 | $1,581 |
| March 2024 | $1,547 |
| April 2024 | $1,540 |
| May 2024 | $1,558 |
| June 2024 | $1,584 |
| July 2024 | $1,626 |
| August 2024 | $1,648 |
| September 2024 | $1,645 |
| October 2024 | $1,625 |
| November 2024 | $1,669 |
| December 2024 | $1,617 |
| January 2025 | $1,597 |
| February 2025 | $1,647 |
| March 2025 | $1,591 |
| April 2025 | $1,563 |
| May 2025 | $1,551 |
| June 2025 | $1,551 |
| July 2025 | $1,550 |
| August 2025 | $1,564 |
| September 2025 | $1,591 |
Affordability calculator
Can I afford to live at 240 Lyon St N?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$75,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $75,800 annually to afford this 2-bedrooms monthly rent price of $1,895.
For more information on rent affordability, visit our rent calculator.
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Internet available near 240 Lyon
Neighborhood
Centretown | Ottawa, ON
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Ottawa near 240 Lyon St N
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 240 Lyon St N, Ottawa
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
8/10
Several shops within a few minutes’ walk
Cafes
8/10
Several cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
Explore the area around 240 Lyon St N
JJS Market
380 Laurier Ave W
Massine's Your Independent Grocer
296 Bank St
2253334 Ontario Inc
685 Somerset St W
Thana Market
386 Bank St
Food Arya
508A Gladstone Ave
Hillary's Cleaners
347 Slater St
Bella Bella Boutique
240 Bank St
Earlene's House of Fashion
113 James St
Surmesur
320 Queen St
Wicked Wanda's Adult Emporiun
327 Bank St
Tim Hortons
525 Somerset St W
Booster Juice
344 Slater St
Bridgehead Coffeehouse
344 Slater St
Country Style
340 Laurier Ave W
Starbucks
340 Albert St
Royal Oak
180 Kent St
Royal Oak Restaurant
188 Bank St
Royal Oak
318 Bank St
Spin Kitchen & Bar
100 Kent St
Brixton's British Pub
210 Sparks St
Treats Minto Place
407 Laurier Ave W
Golden Baquette Bakery Ltd
242 Bank St
Bread & Sons
195 Bank St
Corner Kitchen
320 Queen St
Popeye's Supplements
134 Bank St
Lisgar Parkette
Dundonald Park
Nepean Place
Bronson Park
McNabb Park
222 Lyon Tapas Bar
222 Lyon St N
Ricardo's Pizza
267 Bay St
Pour Boy Pub
495 Somerset St W
The Vanitea Room
551 Somerset St W
Mazarine
282 Kent St
SOMERSET W / LYON
SOMERSET W / LYON
SOMERSET W / KENT
SOMERSET W / BAY
SOMERSET W / KENT
BAYVIEW
CARLING
CARLETON S.
CARLETON N.
CONFEDERATION
LYON A
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LYON O-TRAIN EAST / EST
LYON O-TRAIN WEST / OUEST
QUEEN / KENT
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ALBERT/BANK
PARC DE LA MONTAGNE, PLATEAU, FREEMAN/G-ROY/OTTAWA, PLATEAU/DES TREMBLES, LAC DES FÉES, CÉGEP GABRIELLE-ROY, CÉGEP G-ROY/ST-JOSEPH, FREEMAN, OTTAWA, OTTAWA, FOURNIER/GRÉBER, CÔTE-DES-NEIGES, STATION LA CITÉ, CGP G-ROY/MUTCHMORE, RAPIBUS 400
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