255 Bay Street 816, Ottawa Centre

$439,900
255 Bay Street 816

$439,900

New
9d
Condo ApartmentApartment

255 Bay Street 816, Ottawa Centre

Total Monthly Obligation $2,816

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
9d
Score
18
Yield
5.9%
Cash on Cash
-6.1%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.8%
Property Type-Condo Apartment
MLS® Number-X14031098
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,318.47 (2026)
Maintenance-$481.85/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Metal/Steel Siding
Foundation-Concrete
Possession-TBD
Neighbourhood-4102 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

This beautifully upgraded 1-bedroom apartment in one of Centretown's most sought after buildings offers an exceptionally functional layout that lives larger than expected, plus an impressive 101 sq. ft. private balcony spanning the full width of the unit. The unit's open-concept layout maximizes natural light thanks to west-facing floor-to-ceiling windows that fill the home with sunshine. A custom foyer welcomes you, with built-in bench seating, integrated shelving, drawers, storage, and rich hardwood flooring which runs through the unit. The open concept living space is styled with warm tones and is designed for flexibility. The kitchen showcases quartz countertops, stainless steel appliances, and a centre island with breakfast bar seating that provides generous prep space. The living room offers a cozy space to relax while sliding doors provide direct access to the balcony, which offers an unobstructed skyline view. The primary bedroom provides a large closet and is situated directly across from the 4-piece bathroom, which is finished to match the rest of the unit. This unit comes equipped with a underground parking spot and a storage locker. Residents of The Bowery enjoy a collection of resort-styled amenities, including a concierge, a fully equipped fitness centre, sauna, guest suites, private dining room, rooftop lounge, outdoor terrace with BBQ area, yoga space, and a spectacular rooftop indoor pool offering breathtaking panoramic views of Ottawa. This location offers one of Ottawa's most walkable lifestyles, close to Parliament Hill, the financial district, LeBreton Flats, Sparks Street, Bank Street, Elgin Street, the Rideau Canal, and the Ottawa River pathways. Lyon LRT Station is just a short walk away, providing effortless transportation across the city, while countless restaurants, cafés, grocery stores, boutiques, entertainment venues, and fitness studios are all within minutes, making this the ideal opportunity for young professionals and investors!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$351,920
Land Transfer Taxes$5,273
Legal Fees (Est.)
$
Total cash required for closing$94,753

Total Monthly Obligation

$2,816/mo
Mortgage $1,774
Monthly Loss $2,349
Principal$467
Interest$1,307
Property Tax$360
Condo Fees$482
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.1%1
5-Year IRR
7.2%19
10-Year IRR
8.6%
Returns Index
10.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$25,884/yr
NOI
$10,795/yr
Net Cash Flow
-$875/mo
Cash Margin
-40.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
27.1/ 100

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

Comparables

Properties near 255 Bay Street 816

Time

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Data last updated within the past 24 hours.