290 Powell Avenue 507, Dows Lake - Civic Hospital and Area

$479,999
290 Powell Avenue 507

$479,999

New
3d
Condo Apartment1 Storey/Apt

290 Powell Avenue 507, Dows Lake - Civic Hospital and Area

Total Monthly Obligation $3,337

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
3d
Score
20
Yield
7.5%
Cash on Cash
-2.1%
Cap Rate
4.1%
5Y IRR
13.9%
10Y IRR
13.3%
Property Type-Condo Apartment
MLS® Number-X14096764
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 20, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$4,242.14 (2026)
Maintenance-$847.47/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stone
Possession-Immediate
Neighbourhood-4502 - West Centre Town
Title-Residential Condo & Other

No agent assigned

Welcome to The Glasgow! Ideally located in the Glebe Annex, 290 Powell Avenue offers easy access to Little Italy, the Glebe, Dow's Lake, the Rideau Canal and Lansdowne Park. Enjoy nearby restaurants, cafés, shops and walking paths, with so much to explore close to home. This bright and inviting condo features oversized windows, high ceilings, hardwood floors and an open-concept living and dining area. The primary bedroom offers a full ensuite, while a separate powder room is convenient for guests. A versatile second room includes a closet and has been used as a bedroom/office. This room currently has no door or window and offers flexible space for a home office or occasional company.Step onto your private balcony to enjoy your morning coffee or unwind at the end of the day. Residents also have access to a fitness room and a shared rooftop terrace with barbecues. Complete with in-suite laundry, one underground parking space and a private storage room with its own door conveniently located at your parking spot, this condo offers comfortable, convenient living in a central location. Condo fees include heat, water and building insurance.

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

Mortgage Amount
$383,999
Land Transfer Taxes$6,075
Legal Fees (Est.)
$
Total cash required for closing$103,575

Total Monthly Obligation

$3,337/mo
Mortgage $1,936
Monthly Loss $2,828
Principal$510
Interest$1,427
Property Tax$354
Condo Fees$847
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.5%1
5-Year IRR
10.1%36
10-Year IRR
10.9%
Returns Index
18.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$35,904/yr
NOI
$15,502/yr
Net Cash Flow
-$644/mo
Cash Margin
-21.5%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
24.8/ 100

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

Comparables

Properties near 290 Powell Avenue 507

Time

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