For Sale · Multifamily

902 - 435 ALBERT STREET, Ottawa

902 - 435 ALBERT STREET, Ottawa, ON K1R7X4

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

93%

About this property

Looking for a downtown Ottawa apartment with outdoor space of your own? This two bedroom, two bathroom unit at Albert and Bay comes with a private balcony, giving you a spot to enjoy fresh air without leaving home. Inside you will find two full sized bedrooms, two bathrooms, a functional kitchen, and a living room that flows right out to the balcony, making it easy to extend your living space on warm days. The building itself is built for more than just coming home to sleep. Head up to the rooftop lounge and outdoor patio, complete with a BBQ area that makes hosting friends or unwinding after work effortless. On the main floor you will find a full gym for your workouts, a games room and lounge for downtime, and a quiet reading area when you need a change of scenery from your own living room. The location puts you steps from the Lyon O-Train station, Bronson Park, and the Garden of the Provinces, with the Ottawa River pathways, Parliament Hill, and the restaurants and shops of Centretown and the ByWard Market all close by. Bronson Avenue and nearby transit routes keep commuting simple, whether you are heading to work or exploring the city on your day off. For anyone who wants downtown convenience with a private outdoor retreat and building amenities that actually get used, this is a rare find. Rent includes heat and water. Electricity and internet are extra; contact the service provider for estimates. Parking is available for $250 per month. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

110,442

Households

42,855

Median income

$120,500

Median age

31.7

Daytime population

129,856

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for 902 - 435 ALBERT 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.