For Sale · Specialty

1205 - 161 LAURIER AVENUE W, Ottawa

1205 - 161 LAURIER AVENUE W, Ottawa, ON K1P5J2

Price on request

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

97%

About this property

Welcome to 161 Laurier Avenue West, where modern urban living meets exceptional convenience in the heart of downtown Ottawa. Ideally situated in one of the city's most walkable locations, this newly renovated rental community offers a variety of move-in ready suites, including spacious one bedroom layouts, with flexible options available including unfurnished, partially furnished, or fully furnished suites that suit your lifestyle. Designed with both comfort and convenience in mind, residents enjoy complimentary laundry facilities on every floor along with an impressive collection of building amenities. Stay active in the newly renovated two-level fitness centre, work from home with ease from multiple co-working spaces throughout the building, or entertain and unwind in the building's inviting social and party spaces. The lifestyle extends well beyond your suite. Located just steps from Elgin Street and its popular restaurants, cafés, shops, and nightlife, 161 Laurier puts some of Ottawa's best dining and entertainment right outside your door. Confederation Park is just steps away at Laurier and Elgin, while the Rideau Canal offers beautiful pathways for walking, running, and cycling, along with one of Ottawa's most iconic seasonal attractions. Parliament Hill, the Rideau Centre, ByWard Market, University of Ottawa, National Arts Centre, government offices, public transit, and many of the city's major attractions are all within easy reach. Residents can also enjoy the convenience of Cocotte Bistro inside the building with an exclusive resident discount adding another perk to downtown living. Whether you're commuting to work, working remotely, exploring the city, or simply enjoying everything downtown Ottawa has to offer, 161 Laurier provides a lifestyle built around convenience, flexibility, and connection. Multiple units and layouts available. Please contact the listing representative for availability and showing details. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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

51,748

Households

19,665

Median income

$126,500

Median age

39.5

Daytime population

75,222

5-yr growth

2.9%

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

Secure deal room

Confidential diligence documents for 1205 - 161 LAURIER AVENUE W, 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.