For Sale · Multifamily

5505 OSGOODE MAIN STREET, Ottawa

5505 OSGOODE MAIN STREET, Ottawa, ON K0A2W0

$475,000 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

83%

About this property

In the heart of Osgoode, this unique income property offers the charm of village living with the convenience of an easy commute - just 35minutes to downtown Ottawa. Zoned Village Mixed-Use, possibilities include a variety of residential or future development opportunities. Dwelling 1 is currently tenanted at $1,500/month with an excellent long-term tenant and a lease secured through December 31, 2026, providing immediate, stable rental income. Dwelling 2 is owner-occupied and will be delivered vacant upon possession, making it ideal for owner occupancy or securing a new tenant in a community where rental demand remains strong and inventory is limited. Located close to schools, the local library, everyday amenities, scenic walking trails, and within walking distance to a popular local coffee shop. For outdoor enthusiasts, the property is located approximately 1 km from the river and nearby boat launch, providing easy access to boating, paddling, fishing, and waterfront recreation. Step outside and enjoy the peaceful backyard retreat - a perfect space to relax, entertain, or unwind after a long day. Recent updates completed by the current owner include :New roof (2016) New windows (2017) Water softener (2019) Electric panel upgrade (2020)Furnace &central A/C (2021) Hot water tank (2024). (id:66811)

Financial sandbox

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Estimate
Purchase price$475K
Down payment30% · $143K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$13K

Annual cash flow

$-13K

Cash-on-cash

-9.42%

DSCR

0.49

Going-in cap

2.72%

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

135,463

Households

52,930

Median income

$108,500

Median age

45.6

Daytime population

216,156

5-yr growth

0.6%

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

Secure deal room

Confidential diligence documents for 5505 OSGOODE MAIN 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.