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Investment signal

$6,800,000

199-217 DALHOUSIE STREET

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Beds

—

Baths

—

Sqft

17,156

Year

—

Type

Business

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

This rare investment opportunity features two fully-leased properties (1 mixed-use and 1 commercial) and a vacant parking lot spanning approximately 201 by 101 feet in the heart of downtown Ottawa. Strategically positioned between St. Andrew Street and Guigues Avenue, along the well-trafficked Dalhousie corridor, the portfolio includes 10 commercial units(7 Tenants) and 6 residential apartments, all fully occupied.Generating a strong gross income of over $449,000 annually, the offering presents stable cash flow with upside potential through future rent escalations or site intensification. Zoned TM (Traditional Mainstreet), the properties benefit from flexible zoning that supports a wide range of commercial and residential uses, making this a rare and versatile holding in one of Ottawas most dynamic urban neighbourhoods.Opportunities to acquire this scale and street presence in the ByWard Market area are exceptionally limited, particularly with assembled frontage and secure income in place. (id:65958)

Subtype: Business
Community: 4001 - Lower Town/Byward Market
Living area: 17,156 square feet
Lot dimensions: Bldg=202.6 x 101.1 FT ; Yes
On market: Jun 24, 2025
Status changed: Apr 26, 2026
Annual tax: $74,593.48
Zoning: TM
Photos: 11
MLS#: X12242112
Area: OTTAWA

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Lot

Irregular lot size

Negative cash flow ~$6,960/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.14%

Cap rate

3.64%

GRM

16.7

Break-even rent

$41,327

Financing

Down payment$1,360,000

Loan amount$5,440,000

Mortgage$27,564/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$3,117

Insurance$80

Maintenance$5,667

CapEx reserve$2,833

Vacancy loss$1,700

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $27,564/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 26, 2026.