805 Carling Avenue 4005, Dows Lake - Civic Hospital and Area

$579,900
805 Carling Avenue 4005

$579,900

New
7d
Condo ApartmentApartment

805 Carling Avenue 4005, Dows Lake - Civic Hospital and Area

Total Monthly Obligation $3,718

Beds
2
Baths
1
Park
1
Sqft
700-799
DOM
7d
Score
16
Yield
5.1%
Cash on Cash
-9.9%
Cap Rate
2.4%
5Y IRR
7.8%
10Y IRR
8.5%
Property Type-Condo Apartment
MLS® Number-X14085766
Beds-2
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$5,471 (2026)
Maintenance-$723.36/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-Concrete
Possession-TBD
Neighbourhood-4502 - West Centre Town
Title-Residential Condo & Other

No agent assigned

Welcome to the ICON. Wake up to Dow's Lake, take in the city from above, and come home to one of Ottawa's most coveted views. Perched on the 40th floor of Claridge Icon, this 795 sq.ft. suite enjoys a rare south-facing outlook with sweeping, unobstructed views over the lake. Only a select few suites on each floor share this sought after orientation. Floor-to-ceiling windows bring the view into the living space and bedroom, while the open balcony is the perfect spot to savour the sun or unwind above the city. Inside, the bright, open layout feels both inviting and versatile. The spacious den or 2nd bedroom, complete with custom built-in wardrobe/cabinetry, makes a polished home office or welcoming guest space. The kitchen is thoughtfully laid out for everyday living, with practical storage, functional counter space and a breakfast bar for casual meals. A comfortable bedroom, modern 4-piece bath, in-suite laundry, automatic blinds and carpet-free flooring complete the home. Owned underground parking and a storage locker add everyday convenience. Enjoy 24/7 concierge service and security, a heated indoor pool, fully equipped gym, party and meeting rooms and guest suites. Condo fees include heat, water, building insurance and common element maintenance. For professionals, downsizers or anyone drawn to a connected city lifestyle, this is Ottawa at its best: Dow's Lake and the Rideau Canal trails close by, transit at your door, and the restaurants, cafés and amenities of Little Italy just steps away. Carleton University and the Civic Hospital are moments from home.

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

Closing Costs

Mortgage Amount
$463,920
Land Transfer Taxes$8,073
Legal Fees (Est.)
$
Total cash required for closing$125,553

Total Monthly Obligation

$3,718/mo
Mortgage $2,339
Monthly Loss $3,103
Principal$616
Interest$1,724
Property Tax$456
Condo Fees$723
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.2%0
5-Year IRR
4.8%10
10-Year IRR
6.8%
Returns Index
6.3/ 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
$29,856/yr
NOI
$10,319/yr
Net Cash Flow
-$1,479/mo
Cash Margin
-59.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.373
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
21.1/ 100

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

Comparables

Properties near 805 Carling Avenue 4005

Time

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