57 Spadina Avenue, West Centre Town

$768,900
57 Spadina Avenue

$768,900

New
45d
Duplex2-Storey

57 Spadina Avenue, West Centre Town

Total Monthly Obligation $4,018

HausQ Valuation Report
Beds
2
Baths
3
Park
1
Sqft
1500-2000
DOM
45d
Score
16
Yield
3.9%
Cash on Cash
-8.7%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.3%
Property Type-Duplex
MLS® Number-X13759372
Beds-2
Bathrooms-3
Size-1500-2000 sqft
Lot Size-25 × 130 ft
Listed on site-Sep 8, 2026
Style-2-Storey
Building Type-Duplex
Taxes-$6,495.5 (2025)
Parking-3 - Detached
Basement-Apartment
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Vacant
Neighbourhood-4203 - Hintonburg
Title-Residential Freehold

No agent assigned

Located in the heart of Ottawa's vibrant West Centretown/Hintonburg area, 57 Spadina Avenue offers an incredible investment opportunity in one of the city's most sought-after rental pockets. This duplex features two 1-bedroom apartments, currently vacant - ideal for owner occupancy, setting your own rent, or completing updates before leasing. This property offers strong income potential and plenty of upside for investors, or handy buyers looking to add value. R4H Zoning, with parking in the 2 car detached garage in the rear of the property. While the building could benefit from some updating and TLC, the unbeatable location makes this an opportunity you won't want to miss. You will love being steps to Wellington Street West, trendy cafés, restaurants, local shops, grocery stores, parks, and everyday amenities. Walking distance to Tunney's Pasture, the LRT, major transit routes, bike paths, and just minutes to downtown, Little Italy, and Civic Hospital. A fantastic chance to invest in a thriving urban neighbourhood with continued growth and demand. Great potential, exceptional location, and endless possibilities at 57 Spadina Avenue.

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

Closing Costs

Mortgage Amount
$615,120
Land Transfer Taxes$11,853
Legal Fees (Est.)
$
Total cash required for closing$167,133

Total Monthly Obligation

$4,018/mo
Mortgage $3,102
Monthly Loss $3,202
Principal$816
Interest$2,285
Property Tax$541
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.5%12
10-Year IRR
7.2%
Returns Index
7.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$29,760/yr
NOI
$15,789/yr
Net Cash Flow
-$1,786/mo
Cash Margin
-72.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.1/ 100

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

Comparables

Properties near 57 Spadina Avenue

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.

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

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Data last updated within the past 24 hours.