470 Laurier Avenue W 1004, Ottawa Centre

$384,900
470 Laurier Avenue W 1004

$384,900

New
8d
Condo ApartmentApartment

470 Laurier Avenue W 1004, Ottawa Centre

Total Monthly Obligation $2,877

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
8d
Score
19
Yield
7.6%
Cash on Cash
-3.9%
Cap Rate
3.7%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Condo Apartment
MLS® Number-X14081894
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,618.78 (2026)
Maintenance-$823/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE INTEGRITY REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBD
Neighbourhood-4102 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Bright south-facing 2-bedroom 1.5-bathroom condo with a large balcony and beautiful city skyline views in a highly desirable location within the building. This unit boasts a functional layout with generous dimensions and an L-shaped living and dining area, which is great for entertaining. The kitchen features lots of cabinetry and counter space. Rich dark laminate flooring throughout the main living area, hallway and bedrooms. Sliding doors from the living room open onto a sun-drenched, south-facing balcony - an inviting outdoor retreat perfect for al fresco dining, container gardening, and savoring peaceful moments throughout the day. Wonderful amenities include landscaped gardens with seating areas, a gazebo and BBQ stands, an indoor pool, sauna, meeting rooms and a bonus guest suite for overnight stays. The pool area change rooms have been recently renovated. Enjoy the spectacular 24th-floor terrace, featuring BBQ facilities and extraordinary panoramic views. A generous storage locker and convenient underground parking are included. The building has sophisticated security systems and bicycle storage. 470 Laurier West is ideally situated in the heart of Centretown close to Rideau Centre, Lebreton Flats (future home of the Ottawa Senators), Sparks St and Parliament Hill. Take advantage of the Ottawa River Pathway for cycling or walking, or take transit with the Lyon Street LRT station just a 6-minute walk from your door. Current tenant is month-to-month, willing to leave or stay. This is an attractive opportunity for both investors or if you want to move in yourself. Book your showing today!

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$307,920
Land Transfer Taxes$4,249
Legal Fees (Est.)
$
Total cash required for closing$82,729

Total Monthly Obligation

$2,877/mo
Mortgage $1,553
Monthly Loss $2,469
Principal$409
Interest$1,144
Property Tax$302
Condo Fees$823
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.7%1
5-Year IRR
8.4%25
10-Year IRR
9.7%
Returns Index
13.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$29,400/yr
NOI
$10,565/yr
Net Cash Flow
-$672/mo
Cash Margin
-27.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
27.0/ 100

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

Comparables

Properties near 470 Laurier Avenue W 1004

Time

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Data last updated within the past 24 hours.