10 James Street 509, Ottawa Centre

$599,900
10 James Street 509

$599,900

New
24d
Condo Apartment1 Storey/Apt

10 James Street 509, Ottawa Centre

Total Monthly Obligation $3,888

Beds
2
Baths
1
Park
1
Sqft
700-799
DOM
24d
Score
15
Yield
5.0%
Cash on Cash
-11.0%
Cap Rate
2.2%
5Y IRR
7.0%
10Y IRR
7.9%
Property Type-Condo Apartment
MLS® Number-X13849104
Beds-2
Bathrooms-1
Size-700-799 sqft
Listed on site-Sep 29, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$5,887.87 (2026)
Maintenance-$777.97/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-4103 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Spacious 2 bedroom, 1 bathroom boutique-style condo offering 745 sq.ft. of living space is located in James House, one of Ottawa's newest & contemporary buildings in the heart of downtown. Modern & casual design & finishes in this loft-style unit include exposed concrete walls, warm toned wood flooring & brick screen detail on balcony. The kitchen provides great prep space w/ quartz countertops, island w/ breakfast bar & additional storage. Culinary enthusiasts will enjoy preparing meals in this elegant space w/ herringbone tile backsplash & camouflaged appliances that provide a clean, sleek look. Additional space off the kitchen allows for a bistro set or office nook. Floor to ceiling east-facing windows bring natural light to the living space w/ custom roller blinds installed for privacy. Both bedrooms offer good space & are located at opposite ends of the unit. The primary overlooks the balcony & includes blackout shades w/ direct access to the bathroom. The 2nd bedroom offers privacy & could double as a home office. Spacious bathroom gives chic hotel vibes w/ modern fixtures & a large tub. Generous balcony (89 sq.ft.) offers scenic city views & a stylish brick accent wall. The building offers impressive amenities that enhance your lifestyle, including a rooftop heated saltwater pool w/ lounging deck as well as a fitness room & yoga/pilates centre which overlook a tranquil outdoor garden. A shared lounge designed as an extension of your living space is ideal for hosting gatherings with family & friends. Just outside is a zen-like garden where you can enjoy the outdoors in a quiet space. Steps to boutiques, cafes, & trendy restaurants and easy access to public transit & government buildings, this unit is perfect for urban professionals, down-sizers, or anyone looking for a unique & chic living space. 1 underground parking spot included (#28). Heat, AC & water included in condo fees.

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,888/mo
Mortgage $2,420
Monthly Loss $3,252
Principal$637
Interest$1,783
Property Tax$491
Condo Fees$778
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.2%0
5-Year IRR
4.0%8
10-Year IRR
6.2%
Returns Index
5.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$30,036/yr
NOI
$9,409/yr
Net Cash Flow
-$1,636/mo
Cash Margin
-65.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.322
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
20.2/ 100

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

Comparables

Properties near 10 James Street 509

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