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For Sale · Multifamily

3 - 18 LOWREY STREET, Ottawa

3 - 18 LOWREY STREET, Ottawa, ON K1Y2S4

Price on request

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Asset Class

Multifamily

Size

—

Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

91%

About this property

Located at Hintonburg / Tunney's Pasture / Wellington Village area - the hottest place to live in town. 5-minute walk to OC Transpo/LRT Bayview Station, with access to O-Train and all Transitway buses, including 95, 96, and 97, plus every other regular bus to downtown, uOttawa, and CU within 10 minutes. Close to Downtown, Westboro, Chinatown, Little Italy, and Civic Hospital. Bicyclist's paradise: very close to the Ottawa River NCC pathway and the pathway to go to Little Italy and CU. Very quiet and peaceful neighbourhood with access to all the amenities. Schools from kindergarten to high school are all ranked at the top of the list by the City of Ottawa for this neighbourhood.Three bedrooms, one bath and one living area with front and back balconies. Medium-sized unit of about 800 sqft. A portable washer is included. One large storage room is provided. One parking spot is INCLUDED free of charge. This unit also has two entrances: front and back. Located on the 2nd floor of the building with a view of the downtown office towers. This unit features a large front balcony and three skylights to provide sunlight to the rooms all year long. Floors are either laminate or hardwood with no carpets. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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

97,856

Households

38,265

Median income

$110,000

Median age

33.3

Daytime population

113,745

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 3 - 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.