805 Carling Avenue 1503, Dows Lake - Civic Hospital and Area

$439,000
805 Carling Avenue 1503

$439,000

New
8d
Condo ApartmentApartment

805 Carling Avenue 1503, Dows Lake - Civic Hospital and Area

Total Monthly Obligation $2,973

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
8d
Score
18
Yield
6.3%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.7%
Property Type-Condo Apartment
MLS® Number-X14079996
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,738.27 (2026)
Maintenance-$607.4/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible/TBA
Neighbourhood-4502 - West Centre Town
Title-Residential Condo & Other

No agent assigned

Welcome to the Claridge Icon, where elevated urban living meets one of Ottawa's most vibrant neighbourhoods. Perched on the 15th floor at Carling & Preston, this west-facing 1 bedroom + den offers beautiful south, west, and north exposures, with spectacular sunset views from the balcony stretching toward the Experimental Farm, vibrant Little Italy, and glimpses of the Ottawa River and Gatineau Hills. Thoughtfully designed for modern living, the unit features a dedicated foyer with a spacious closet and convenient in-unit laundry. The den provides the flexibility to create a dedicated home office, guest space, or formal dining area. The kitchen features a luxurious waterfall backsplash, European-inspired stainless steel appliances, upgraded cabinetry and countertops, and ample storage. Upgraded oak hardwood floors throughout add warmth and sophistication, while electric blackout blinds provide comfort, privacy, and excellent light control. The location is truly exceptional, just steps from Dow's Lake, the new Civic Hospital, Dow's Lake LRT Station, and an incredible selection of restaurants, coffee shops, boutique gyms, and local amenities. Enjoy easy access to Chinatown, the Glebe, Centretown and the Experimental Farm, with the Experimental Farm Pathway nearby for walking and cycling. Residents of Claridge Icon enjoy an impressive collection of amenities including a concierge, guest suites, indoor pool, sauna, gym, yoga room, theatre room, bike storage, party and games room, plus a spectacular outdoor wraparound terrace with BBQ's. Underground parking and a storage locker are included. Condo fees cover heat and water, with hydro as the only utility to pay. An ideal home for professionals, couples, downsizers, or anyone looking to embrace a walkable lifestyle in the heart of Ottawa without sacrificing space, comfort or convenience.

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

Closing Costs

Mortgage Amount
$351,200
Land Transfer Taxes$5,255
Legal Fees (Est.)
$
Total cash required for closing$94,555

Total Monthly Obligation

$2,973/mo
Mortgage $1,771
Monthly Loss $2,507
Principal$466
Interest$1,305
Property Tax$395
Condo Fees$607
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.5%0
5-Year IRR
6.9%18
10-Year IRR
8.5%
Returns Index
10.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$27,564/yr
NOI
$10,381/yr
Net Cash Flow
-$906/mo
Cash Margin
-39.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo55
Risk Index
25.8/ 100

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

Comparables

Properties near 805 Carling Avenue 1503

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.