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Price on request
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
93%
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)
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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.
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.
Confidential diligence documents for 902 - 435 ALBERT STREET, Ottawa.
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.