373 Laurier Avenue E 505, Lower Town - Sandy Hill

$329,000
373 Laurier Avenue E 505

$329,000

New
28d
Condo Apartment1 Storey/Apt

373 Laurier Avenue E 505, Lower Town - Sandy Hill

Total Monthly Obligation $3,256

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
28d
Score
22
Yield
12.0%
Cash on Cash
2.4%
Cap Rate
5.1%
5Y IRR
17.5%
10Y IRR
16.2%
Property Type-Condo Apartment
MLS® Number-X13831300
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 25, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,853 (2026)
Maintenance-$1,408/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Radiant (Other)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Vacant
Neighbourhood-4003 - Sandy Hill
Title-Residential Condo & Other

No agent assigned

Set above the treetops of Sandy Hill, this spacious 2-bedroom, 2-bathroom southwest-corner residence offers generous living spaces, abundant natural light and a wonderfully convenient location. Positioned on the fifth floor, enjoy peaceful southern views. A welcoming foyer with large double closet introduces the home. The bright living room features a wall of windows and an inviting connection to the solarium-style balcony, where opening the windows brings the outdoors in and creates an appealing extension of the living space during the warmer months.The spacious dining room provides an elegant setting for entertaining and flows naturally into the well-appointed kitchen. Cabinetry, crown moulding, task lighting, additional accent lighting and a tiled backsplash create a functional kitchen space, with room for a casual breakfast table or additional pantry storage.The primary suite is generous with ample space for a king-size bed, a large window, double closet and convenient 2-piece ensuite. The second bedroom offers excellent flexibility as a guest room, bedroom or home office, while the nearby main bathroom features an updated tub/shower surround and classic white vanity. Dedicated laundry room with additional cabinetry adds valuable storage and everyday convenience.Residents enjoy an impressive collection of amenities, including a beautiful outdoor pool, vast grass area for reading and lounging, guest suites, party room, workshop, car wash bay and bicycle storage. The location puts the best of Sandy Hill and downtown Ottawa within easy reach, including Laurier Avenue shops and restaurants, Strathcona Park, the Rideau River, University of Ottawa, Rideau Centre and the downtown core.The property includes one underground parking space and a storage locker, while condo fees include heat, air conditioning, hydro and water.A gracious, move-in-ready residence offering space, convenience and an exceptional urban lifestyle in one of Ottawa's most established neighbourhoods.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$263,200
Land Transfer Taxes$3,410
Legal Fees (Est.)
$
Total cash required for closing$70,710

Total Monthly Obligation

$3,256/mo
Mortgage $1,327
Monthly Loss $2,907
Principal$349
Interest$978
Property Tax$321
Condo Fees$1,408
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.2%2
5-Year IRR
12.4%53
10-Year IRR
13.2%
Returns Index
27.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$39,324/yr
NOI
$12,243/yr
Net Cash Flow
-$307/mo
Cash Margin
-9.4%1
Cash Flow Index
0.8/ 100
Risk Profile
Weight: 20%
DSCR
0.7713
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
26.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 373 Laurier Avenue E 505

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.