255 BAY Street 706, Ottawa Centre

$449,880
255 BAY Street 706

$449,880

Price Change
29d
Condo ApartmentApartment

255 BAY Street 706, Ottawa Centre

Total Monthly Obligation $2,889

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
29d
Score
17
Yield
5.6%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.7%
10Y IRR
10.0%
Property Type-Condo Apartment
MLS® Number-X13837096
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 24, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,639.35 (2026)
Maintenance-$488/mo
Locker-Owned
Parking-1 - Underground
Basement-None, None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE INTEGRITY REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Metal/Steel Siding, Concrete
Possession-To Be Arranged
Neighbourhood-4102 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Urban living at its best in the heart of Centretown! Welcome to Unit 706 at The Bowery, a stylish 1 bedroom + den condo offering underground parking, a storage locker, excellent building amenities and great downtown views. This bright open concept layout features floor to ceiling windows, a spacious living and dining area with built in shelves and a versatile den that works perfectly as a home office. The modern kitchen offers sleek European style appliances, quartz countertops, contemporary cabinetry and a large breakfast bar perfect for having friends or family over. The bedroom is filled with natural light and includes a large closet and custom roller shades while the bathroom features a soaker tub and modern finishes. Step outside to your private enclosed balcony and enjoy views of the downtown core. The Bowery offers outstanding amenities on the top floor including an indoor pool with very large terrace, fitness centre, sauna, party room, guest suites, rooftop terrace with BBQs and visitor parking. Located just steps from restaurants, cafés, shopping, transit, parks and everything downtown Ottawa has to offer. A fantastic opportunity for first time buyers, professionals, downsizers or investors looking for modern downtown living.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$359,904
Land Transfer Taxes$5,473
Legal Fees (Est.)
$
Total cash required for closing$96,949

Total Monthly Obligation

$2,889/mo
Mortgage $1,815
Monthly Loss $2,412
Principal$478
Interest$1,337
Property Tax$387
Condo Fees$488
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.4%0
5-Year IRR
6.2%15
10-Year IRR
7.9%
Returns Index
8.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$25,200/yr
NOI
$9,785/yr
Net Cash Flow
-$999/mo
Cash Margin
-47.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
26.3/ 100

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

Comparables

Properties near 255 BAY Street 706

Time

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