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Investment signal

$319,900

505 - 383 CUMBERLAND STREET

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

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

Welcome to the East Market and your new pied-a-terre in the heart of the Byward Market. Perfect starter unit for the urban professional or the ideal investment opportunity with everything at your doorstep! Walking distance to the University of Ottawa, Rideau Center, LCBO, grocery stores and countless restaurants! Unit 505 is a one bedroom open-concept loft layout with in-unit laundry and a balcony that stretches the entire length of the suite. The building has great amenities including a gym, lounge with pool table and outdoor space with BBQs. The unit comes with a storage locker and ample visitor parking under the building. Come check it out! 24 hour irrevocable on all offers please. (id:65958)

Subtype: Single Family
Structure: Apartment
Community: 4001 - Lower Town/Byward Market
Common interest: Condo/Strata
Bedrooms: 1 above grade, 0 below grade
Parking: 0 total
Condo/HOA fee: $397.63 monthly
On market: Aug 23, 2024
Status changed: Apr 24, 2026
Annual tax: $2,264
Zoning: Residential Condo
Photos: 21
MLS#: X9517299
Area: OTTAWA

Features and systems

Basement

NoneNone

Appliances

RefrigeratorDishwasherDryerMicrowaveCooktopHood Fan

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Concrete

Community

Community CentrePets Allowed With Restrictions

Fee includes

Insurance

Negative cash flow ~$403/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

-7.56%

Cap rate

3.35%

GRM

16.7

Break-even rent

$2,024

Financing

Down payment$63,980

Loan amount$255,920

Mortgage$1,297/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$147

Insurance$80

Maintenance$267

CapEx reserve$133

Vacancy loss$80

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 $1,297/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 24, 2026.