For Sale · Multifamily

1 - 18 LOWREY STREET, Ottawa

1 - 18 LOWREY STREET, Ottawa, ON K1Y2S4

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

92%

About this property

This beautiful apt. This junior one-bedroom apartment is conveniently located at Scott & Bayswater St., very close to Bayview OC Transpo Transitway station and O-Train station. 95, 96, and 97 Transitway rapid buses go directly to OU; O-Train goes to CU in only five minutes. Hintonburg area, close to downtown, Chinatown, Tunney's Pasture, Westboro and Civic Hospital. Quiet street. Its perfect for students at CU, uOttawa, Algonquin College or government employees working at Tunney's Pasture or Downtown.The total indoor footage is around 400 sqft, suitable for one person living with simple furniture. It features laminate floors and a balcony. Heating and water are included, but not hydro. No laundry facilities on site, but a commercial laundry place is two blocks away. This apartment doesn't come with parking. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

124,042

Households

52,154

Median income

$96,500

Median age

42.5

Daytime population

164,369

5-yr growth

5.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1 - 18 LOWREY STREET, Ottawa.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.