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Investment signal

$1,899,000

90 ELM STREET

Save this home

Beds

8

Baths

4

Sqft

Year

Type

Multi-family

Suite

Investment signal

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

Turnkey newly built fourplex offering bright, spacious studio-style units with premium finishes throughout. Each unit features hardwood floors, quartz countertops, stainless steel appliances, in-suite laundry, plus independently metered utilities and separate furnaces with central A/C. Shared beautiful backyard. Tenants pay all utilities. Excellent location close to LeBreton Flats LRT, Dow's Lake, and Little Italy. Strong rents, solid tenants, and low-maintenance construction make this an outstanding investment opportunity. (id:65958)

Subtype
Multi-family
Structure
Fourplex
Community
4204 - West Centre Town
Lot dimensions
29 x 99 FT
Bedrooms
8 above grade
Parking
0 total
Stories
3
On market
Apr 14, 2026
Status changed
Apr 23, 2026
Annual tax
$13,746.14 (2025)
Photos
21
MLS#
X12996284
Area
OTTAWA

Features and systems

Parking

No Garage

Basement

FinishedN/A

Appliances

RefrigeratorStoveDryerHood Fan

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

Concrete
Negative cash flow ~$1,997/mo at these assumptions

Cash on cash

-6.31%

Cap rate

3.60%

GRM

16.7

Break-even rent

$11,602

Financing

Down payment$379,800
Loan amount$1,519,200
Mortgage$7,698/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$870
Insurance$80
Maintenance$1,583
CapEx reserve$791
Vacancy loss$475

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 $7,698/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.

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