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Investment signal

$854,500

292-294 CLARENCE STREET

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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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

An exceptional opportunity in the heart of Ottawa's vibrant ByWard Market - this semi-detached property offers BOTH 294 & 292 Clarence Street for sale together. Rarely does a full side-by-side building become available in this prime downtown location. Whether you're an investor looking to expand your portfolio, a buyer seeking multi-generational living, or someone wanting to live in one unit while generating rental income from the other, this property delivers flexibility and long-term upside. Situated steps from the Market, restaurants, cafés, public transit, and Ottawa's core amenities, the location ensures strong rental demand and walkability. With two separate units under one roof, the possibilities include: dual income streams, redevelopment, sever the buildings and re-list one half, or future value appreciation in one of the city's most established neighbourhoods. (id:65958)

Subtype: Single Family
Structure: House
Community: 4002 - Lower Town
Common interest: Freehold
Lot dimensions: 36.5 x 74 FT
Bedrooms: 6 above grade
Parking: 2 total
Stories: 2
On market: Feb 23, 2026
Status changed: Apr 23, 2026
Annual tax: $7,971.33 (2025)
Zoning: R4T
Photos: 33
MLS#: X12812038
Area: OTTAWA

Features and systems

Parking

No Garage

Basement

UnfinishedFull

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Unknown

Negative cash flow ~$942/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

-6.62%

Cap rate

3.54%

GRM

16.7

Break-even rent

$5,267

Financing

Down payment$170,900

Loan amount$683,600

Mortgage$3,464/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$392

Insurance$80

Maintenance$712

CapEx reserve$356

Vacancy loss$214

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 $3,464/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 23, 2026.