429 SOMERSET Street W 712, Ottawa Centre

$449,900
429 SOMERSET Street W 712

$449,900

New
17d
Condo Apartment1 Storey/Apt

429 SOMERSET Street W 712, Ottawa Centre

Total Monthly Obligation $2,902

HausQ Valuation Report
Beds
2
Baths
2
Park
0
Sqft
900-999
DOM
17d
Score
23
Yield
7.6%
Cash on Cash
1.2%
Cap Rate
4.8%
5Y IRR
16.5%
10Y IRR
15.4%
Property Type-Condo Apartment
MLS® Number-X13867498
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 6, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,898.66 (2026)
Maintenance-$562/mo
Locker-Ensuite+Owned
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PERFORMANCE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD - Flexable
Neighbourhood-4102 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

A bright and well-planned 940 sq. ft. corner unit at The Strand, offering two bedrooms, two bathrooms and a functional open-concept layout. The main living area is finished with hardwood flooring and benefits from windows on multiple sides, bringing in plenty of natural light. The kitchen features a large island with additional workspace and seating, opening directly to the living and dining areas. The bedrooms are positioned on opposite sides of the unit for added privacy, with the primary bedroom offering a walk-in closet, linen storage and a 3-piece ensuite. The private balcony provides wide views across Centretown, including the surrounding historic architecture and tree-lined streets. Building amenities include bike storage, a party room with kitchen and dining area, a landscaped courtyard with BBQs, an on-site superintendent and visitor parking. A storage locker is also included. Well located within walking distance of shopping, grocery stores, parks, transit and the LRT.

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

Closing Costs

Mortgage Amount
$359,920
Land Transfer Taxes$5,473
Legal Fees (Est.)
$
Total cash required for closing$96,953

Total Monthly Obligation

$2,902/mo
Mortgage $1,815
Monthly Loss $2,424
Principal$478
Interest$1,337
Property Tax$325
Condo Fees$562
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.3%3
5-Year IRR
12.5%54
10-Year IRR
12.8%
Returns Index
27.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$34,080/yr
NOI
$17,629/yr
Net Cash Flow
-$346/mo
Cash Margin
-12.2%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8115
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
29.5/ 100

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

Comparables

Properties near 429 SOMERSET Street W 712

Time

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