For Lease · Multifamily

2 - 344 TWEEDSMUIR AVENUE, Ottawa

2 - 344 TWEEDSMUIR AVENUE, Ottawa, ON K1Z5N4

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

86%

About this property

Brand New LUXURY APARTMENT FOR LEASE IN THE HEART OF WESTBORO! Built by DH Designs custom construction & millwork. This unit offers an exceptional blend of luxury, accessibility and urban convenience. Located in an exclusive boutique 6-plex, this one-of-a-kind residence features 1 spacious bedroom, 1 bathroom and premium custom finishes throughout. The thoughtfully designed open-concept layout showcases a stunning custom kitchen with high-end cabinetry, extensive custom millwork, vinyl plank flooring, radiant floor heat, 9-foot ceilings, oversized windows and separate laundry room. All units separated by a concrete floor for superior soundproofing. Enjoy exceptional outdoor living with a beautifully appointed shared rooftop terrace with a kitchenette, BBQ, dining area, glass railings and landscaped gathering spaces. Additional highlights include elevator access and a completely carpet-free interior. Ideally situated just steps from Westboro's vibrant cafés, restaurants, boutiques, fitness studios, grocery stores, and everyday amenities. Enjoy easy access to the Ottawa River pathways, Westboro Beach, Hampton Park, Westboro Kiwanis Park,tennis courts, cycling routes, public transit, and the LRT. Professionals will appreciate quick access to Tunney's Pasture, downtown Ottawa,major hospitals, and government offices, while families benefit from excellent nearby schools. A rare opportunity to lease a truly exceptional apartment in one of Ottawa's most sought-after neighbourhoods. Currently under construction, photos are renderings. Unit is unfurnished. Rent exclude hydro & internet. Available Dec 1/26 (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

121,233

Households

55,383

Median income

$113,000

Median age

34.5

Daytime population

123,302

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 2 - 344 TWEEDSMUIR AVENUE, 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.