805 Carling Avenue 703, Dows Lake - Civic Hospital and Area

$449,880
805 Carling Avenue 703

$449,880

New
23d
Condo Apartment1 Storey/Apt

805 Carling Avenue 703, Dows Lake - Civic Hospital and Area

Total Monthly Obligation $3,015

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
23d
Score
17
Yield
5.9%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.9%
Property Type-Condo Apartment
MLS® Number-X13848708
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 30, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$4,712.83 (2026)
Maintenance-$607.4/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE INTEGRITY REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Metal/Steel Siding
Possession-To Be Arranged
Neighbourhood-4502 - West Centre Town
Title-Residential Condo & Other

No agent assigned

Welcome Home to Unit 703 at the iconic Claridge Icon, offering modern urban living in one of Ottawa's most recognizable buildings. This stylish 1 bedroom + den condo features a bright, open concept layout, floor to ceiling windows, and a private balcony with impressive views over Carling Avenue, a clear sightline down Preston Street toward downtown, and the surrounding hills. The kitchen has been thoughtfully updated with a new refrigerator, stove, hood fan and stylish backsplash, giving the space a fresh and modern feel. The spacious living and dining area flows beautifully from the kitchen and offers plenty of natural light. The separate den is a great bonus space for a home office, reading area or additional storage. The bedroom is well sized with large windows and great views, while the bathroom has also been upgraded with a new freestanding tub surrounded by ceramic tile, creating a more modern and distinctive look than many comparable units in the building. Custom roller shades have also been added throughout. The unit includes in suite laundry, one underground parking space and one storage locker. The DeNiro floor plan offers a functional layout with a generous bedroom, separate den and large open kitchen/living/dining space. Located steps from Little Italy, Dow's Lake, the LRT, restaurants, cafés, walking and cycling paths and everything Preston Street has to offer. A fantastic opportunity for professionals, first time buyers, downsizers or investors looking for a well updated condo in a landmark Ottawa building.

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

Closing Costs

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

Total Monthly Obligation

$3,015/mo
Mortgage $1,815
Monthly Loss $2,537
Principal$478
Interest$1,337
Property Tax$393
Condo Fees$607
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.6%0
5-Year IRR
6.0%14
10-Year IRR
7.8%
Returns Index
8.4/ 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
$26,604/yr
NOI
$9,542/yr
Net Cash Flow
-$1,020/mo
Cash Margin
-46.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
25.3/ 100

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

Comparables

Properties near 805 Carling Avenue 703

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.