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For Lease · Multifamily

1 - 53 HENEY STREET, Ottawa

1 - 53 HENEY STREET, Ottawa, ON K1N5V6

Price on request

—

Asset Class

Multifamily

Size

—

Building class

A

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

89%

About this property

Welcome to Unit 1 at 53 Heney Street-a bright and updated main floor unit offering approx 900 sq ft of well-designed 1-bedroom plus den layout in a convenient Ottawa location. Available immediately, this unit is ideal for tenants seeking a blend of character, functionality, and modern updates.The main living area is spacious and filled with natural light, featuring updated flooring and neutral finishes that create a warm and inviting atmosphere. The kitchen has been refreshed with modern cabinetry, sleek countertops, and ample prep space, making it both stylish and practical for everyday use.The primary bedroom is generously sized, while the additional den provides excellent flexibility-perfect for a home office, guest space, or additional storage. The bathroom has been updated with a clean, contemporary design, including a glass-enclosed shower. Enjoy the added bonus of a private front deck, exclusive to this unit-perfect for relaxing outdoors or enjoying your morning coffee. Laundry is available in the basement, with the added convenience of in-unit hookups already in place should tenants wish to install their own machines. Located on the main floor for easy access, this unit includes water and heat in the monthly rent, with tenants responsible for hydro. One parking space is included, offering added convenience in this central location.Offered at $2,300 per month and available for immediate occupancy, Unit 1 at 53 Heney Street presents a great opportunity to lease a move-in-ready space in a central and accessible neighbourhood. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

63,694

Households

23,269

Median income

$133,000

Median age

35.9

Daytime population

107,456

5-yr growth

7.6%

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

Secure deal room

Confidential diligence documents for 1 - 53 HENEY 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.