805 Carling Avenue 4101, Dows Lake - Civic Hospital and Area

$2,265,000
805 Carling Avenue 4101

$2,265,000

New
21d
Condo ApartmentApartment

805 Carling Avenue 4101, Dows Lake - Civic Hospital and Area

Total Monthly Obligation $13,151

Beds
3
Baths
3
Park
2
Sqft
2500-2749
DOM
21d
Score
16
Yield
5.6%
Cash on Cash
-5.5%
Cap Rate
3.4%
5Y IRR
11.2%
10Y IRR
11.2%
Property Type-Condo Apartment
MLS® Number-X13853808
Beds-3
Bathrooms-3
Size-2500-2749 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$17,791 (2026)
Maintenance-$2,332.15/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ABSOLUTE WALKER REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Concrete
Possession-TBA
Neighbourhood-4502 - West Centre Town
Title-Residential Condo & Other

No agent assigned

Experience elevated urban living at its finest in this exceptional residence at The Icon. Offering over 2,700 square feet of luxurious interior space, this remarkable 3-bedroom, 4-bathroom plus den suite combines sophisticated design, premium finishes, and breathtaking views of Dow's Lake, the Rideau Canal, the Ottawa River, the Gatineau Hills, and the city skyline. Thoughtfully designed for both elegant entertaining and comfortable everyday living, the expansive open-concept layout is flooded with natural light and complemented by rich hardwood and tile flooring throughout. At the heart of the home is a stunning chef-inspired kitchen featuring a large granite island and an impressive collection of premium Dacor appliances, including a gas cooktop, double oven, and dual microwave oven. Each generously sized bedroom is complete with its own beautifully appointed spa-inspired ensuite, delivering exceptional comfort and privacy for family and guests alike. Step outside to one of three expansive private terraces, perfectly designed to extend your living space outdoors. Complete with a gas line for a BBQ or fire pit and a private hot tub overlooking the city, these outdoor spaces offer a truly unmatched lifestyle experience. Residents of The Icon enjoy access to an outstanding collection of resort-style amenities located on the fourth floor, including a yoga studio, fitness centre, pool, sauna, guest suites, boardroom, library, bike storage, resident lounge, and an expansive terrace patio. Rarely offered and exceptionally appointed, this is a one-of-a-kind opportunity to own in one of Ottawa's most prestigious luxury buildings where style, comfort, and location come together seamlessly.

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

Closing Costs

Mortgage Amount
$1,812,000
Land Transfer Taxes$43,100
Legal Fees (Est.)
$
Total cash required for closing$497,600

Total Monthly Obligation

$13,151/mo
Mortgage $9,136
Monthly Loss $10,747
Principal$2,404
Interest$6,732
Property Tax$1,483
Condo Fees$2,332
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.9%1
5-Year IRR
8.8%27
10-Year IRR
9.7%
Returns Index
14.9/ 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
$127,152/yr
NOI
$66,260/yr
Net Cash Flow
-$3,615/mo
Cash Margin
-34.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
0.7 mo14
Risk Index
13.1/ 100

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

Comparables

Properties near 805 Carling Avenue 4101

Time

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