For Sale · Multifamily

353 ARLINGTON AVENUE, Ottawa

353 ARLINGTON AVENUE, Ottawa, ON K1R6Z2

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

89%

About this property

Welcome to 353 Arlington Avenue, a nicely updated and spacious 2-bedroom, 1-bathroom home with a bonus office space in the heart of Centretown. Featuring carpet-free main and second levels and a comfortable, functional layout, this home offers plenty of room to relax, entertain, and enjoy everyday living. The well-appointed kitchen features newer stainless steel appliances, including a dishwasher. Upstairs you will find the two bedrooms along with the additional office space to be used for working from home, studying, or creating a dedicated hobby space. Convenient in-suite laundry is located in the basement for added ease. Ideally situated close to transit, shops, restaurants, cafes, parks, and downtown Ottawa, this is a great opportunity for young professionals looking to enjoy everything the city has to offer. One parking space and water are included. Available immediately! (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

40,544

Households

17,124

Median income

$92,000

Median age

32.6

Daytime population

43,283

5-yr growth

3.3%

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

Secure deal room

Confidential diligence documents for 353 ARLINGTON AVENUE, 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.