1035 Bank Street 609, Glebe - Ottawa East and Area

$1,150,000
1035 Bank Street 609

$1,150,000

New
3d
Condo Apartment1 Storey/Apt

1035 Bank Street 609, Glebe - Ottawa East and Area

Total Monthly Obligation $6,813

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
3d
Score
14
Yield
4.1%
Cash on Cash
-12.6%
Cap Rate
1.9%
5Y IRR
5.7%
10Y IRR
7.0%
Property Type-Condo Apartment
MLS® Number-X14099206
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 20, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$10,315.5 (2026)
Maintenance-$1,114.39/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-FAULKNER REAL ESTATE LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Other
Possession-Anytime after Dec 1, 2026
Neighbourhood-4402 - Glebe
Title-Residential Condo & Other

No agent assigned

1035 Bank Street #609 is a well-designed corner 2-bedroom plus den, 2-bath condo set in one of the Glebe's most dynamic locations, overlooking the Rideau Canal. With a split-bedroom layout that positions each room on opposite sides, the floor plan offers both privacy and flow, ideal for everyday living or hosting guests. Floor-to-ceiling windows flood the space with natural light, while the south-west exposure delivers glorious sunsets. The kitchen is finished with quartz countertops and stainless steel appliances, opening seamlessly into the living area, perfect for entertaining before a game or unwinding after work. What truly sets this home apart is the lifestyle access to premium building amenities including a concierge, gym, guest suite and resident lounges with panoramic views of the field and canal, this is effortless urban living with a front-row seat. Step onto your private balcony and take in live action or enjoy your morning coffee overlooking the Canal. Prefer to be in the crowd? The stadium is just steps away and you are surrounded by some of Ottawa's best restaurants, cafes, and shops, with the canal pathways nearby for walking, running, or cycling. It's a neighbourhood that balances energy and ease, attracting a well-established, lifestyle-driven community. Also available for rent.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$920,000
Land Transfer Taxes$19,475
Legal Fees (Est.)
$
Total cash required for closing$250,975

Total Monthly Obligation

$6,813/mo
Mortgage $4,639
Monthly Loss $5,592
Principal$1,221
Interest$3,418
Property Tax$860
Condo Fees$1,114
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-15.9%0
5-Year IRR
3.4%7
10-Year IRR
5.7%
Returns Index
4.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$47,148/yr
NOI
$16,345/yr
Net Cash Flow
-$3,277/mo
Cash Margin
-83.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.292
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
14.2/ 100

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

Comparables

Properties near 1035 Bank Street 609

Time

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