For Sale · Multifamily

91 SHELDRAKE DRIVE, Ottawa

91 SHELDRAKE DRIVE, Ottawa, ON K2L1T1

$723,900 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

94%

About this property

The Ultimate Income-Generator & Modern Masterpiece! Welcome to a rare turnkey opportunity in one of the city's most sought-after neighbourhoods. Whether you are an investor looking for a high-yield property or a homeowner seeking a "mortgage helper" that doesn't feel like a basement, this beautifully renovated bungalow delivers on every front. The sun-drenched & sophisticated upper level features a sleek, modern aesthetic with high-end finishes and an open-concept layout. Large windows flood the space with natural light, highlighting the premium flooring and contemporary kitchen. This apartment offers 3 spacious bedrooms, a full modern bath and a 3 piece ensuite bath. Bonus: A fantastic,reliable tenant is already in place, providing immediate cash flow from day one. The lower level is a Legal, Luxury Secondary Suite. This isn't your average basement apartment. Fully legal, this bright 3-bedroom, 2 bath unit mirrors the quality of the upstairs. Currently vacant-perfect for a multi-generational family, or set your own "top dollar" market rent. Features a modern kitchen, egress windows for safety and light, and premium finishes throughout. Enjoy a massive rear deck perfect for summer BBQs, overlooking a fully fenced, private yard. Includes a sturdy shed for all your seasonal gear. No more juggling cars-the oversized driveway comfortably accommodates 4 vehicles. Situated in a quiet, family-friendly pocket where everything is at your doorstep. Steps from scenic parks, hiking trails, and the local arena. Minutes to top-rated schools,major shopping centres, and public transit for an easy commute. Properties with this level of finish and "Legal Suite" status are rare. With the upper tenant settled and the lower unit ready for occupancy, the math simply works. 24 hours notice for showings. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$724K
Down payment30% · $217K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$24K

Annual cash flow

$-16K

Cash-on-cash

-7.43%

DSCR

0.60

Going-in cap

3.31%

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

71,669

Households

27,835

Median income

$88,500

Median age

44.5

Daytime population

106,560

5-yr growth

7.8%

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

Secure deal room

Confidential diligence documents for 91 SHELDRAKE DRIVE, 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.