5 Frank Street 301, Ottawa Centre

$850,000
5 Frank Street 301

$850,000

New
6d
Condo ApartmentApartment

5 Frank Street 301, Ottawa Centre

Total Monthly Obligation $5,162

Beds
3
Baths
2
Park
1
Sqft
1400-1599
DOM
6d
Score
16
Yield
5.6%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.4%
10Y IRR
10.5%
Property Type-Condo Apartment
MLS® Number-X14090998
Beds-3
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 17, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$6,939 (2026)
Maintenance-$955/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-FAULKNER REAL ESTATE LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-Wood
Pool-None
Exterior-Brick
Roof-Unknown
Foundation-Poured Concrete
Possession-TBA
Neighbourhood-4104 - Ottawa Centre/Golden Triangle
Title-Residential Condo & Other

No agent assigned

Discover the perfect balance of vibrant city living and tranquil surroundings in this exceptional residence overlooking the Rideau Canal. Enjoy your morning coffee or breakfast as you take in the ever-changing scenery, walkers, cyclists, runners, boats and, in winter, skaters, all set against a beautiful backdrop in every season. There is always something to see and a sense of calm to enjoy. Ideally situated in Ottawa's coveted Golden Triangle, bordered by the Rideau Canal and just steps from the boutiques, cafés and restaurants of Elgin Street, as well as City Hall, the Courthouse and National Arts Centre, this sought-after location offers the very best of urban living. Set within a self-managed, eight-unit low-rise condominium, with just two apartments per floor. Access is convenient by elevator or via a beautifully lit, generously proportioned stairwell. Impressive 1,590 square feet of living space, extensively renovated in 2018. Warm, inviting principal rooms feature hardwood floors, crown moulding and a wood-burning fireplace, creating an atmosphere that feels like home. The thoughtfully renovated kitchen and two bathrooms complement the spacious layout, while excellent closet space throughout adds everyday practicality. The in-suite stacked washer and dryer were replaced in 2023. The generous primary suite features two walls of closets and an impressively spacious ensuite bathroom with a custom oversized shower. Additional conveniences include L-shaped balcony, underground parking, a dedicated storage locker and the potential to install EV charging. Residents also enjoy a common backyard barbecue area-perfect for relaxed summer gatherings. Enjoy all the benefits of condominium living without compromising on space, privacy, or comfort. A rare find! Status Certificate available. 2 business day irrevocable on offers.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$680,000
Land Transfer Taxes$13,475
Legal Fees (Est.)
$
Total cash required for closing$184,975

Total Monthly Obligation

$5,162/mo
Mortgage $3,429
Monthly Loss $4,260
Principal$902
Interest$2,526
Property Tax$578
Condo Fees$955
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.6%1
5-Year IRR
7.5%20
10-Year IRR
8.8%
Returns Index
11.5/ 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
$47,280/yr
NOI
$21,753/yr
Net Cash Flow
-$1,616/mo
Cash Margin
-41.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
17.4/ 100

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

Comparables

Properties near 5 Frank Street 301

Time

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