For Sale · Multifamily

230 PERCY STREET, Ottawa

230 PERCY STREET, Ottawa, ON K1R6G3

$699,900 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

86%

About this property

Welcome to 230 Percy Street - A Prime Centretown Investment or Single-Family Conversion Opportunity! Unbeatable location meets incredible versatility in the heart of downtown Ottawa's sought-after Centretown, just steps from transit, major commuter routes, and a short walk to the vibrant Glebe neighbourhood. Originally built as a charming 2-storey semi-detached home, this property was thoughtfully converted into a legal duplex, making it a standout option whether you are looking for a turn-key income generator, an owner-occupied investment, or a rare single-family restoration project. Investors will appreciate the strong rental demand and extensive list of high-value capital updates already completed for total peace of mind. End-user buyers and restorers will love the seamless potential to convert the flexible layout back into a spacious, customized single-family residence in an ideal urban setting. Major mechanical and structural upgrades include a high-efficiency furnace (2018), central air conditioning (2019), premium Verdun windows (2020), updated plumbing (2021), new washer and dryer (2023), and a new roof (2023). Complete with 2 parking spaces and endless potential, 230 Percy Street offers an unbeatable blend of location, flexibility, and value. Don't miss out on this exceptional Centretown opportunity! (id:66811)

Financial sandbox

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Estimate
Purchase price$700K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$21K

Annual cash flow

$-18K

Cash-on-cash

-8.46%

DSCR

0.54

Going-in cap

3.00%

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

139,692

Households

51,012

Median income

$97,500

Median age

32.3

Daytime population

140,739

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 230 PERCY 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.