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Sold · 10 bed Multiplex · 514 Bay Street, Ottawa, Ontario K1R 6B3 | HomeSearchCanada

Sold

514 Bay Street

80 DOM

10680d

Map

DOM 80

Sold

DOM80days

514 Bay Street

Ottawa · Ontario K1R 6B3

MLS® X12927004 · 4103 - Ottawa Centre · K1R 6B3

106TenantOccupied3500-5000 ft²MultiplexNoneUnfinished80dLot 37 x 99 ft$11,436 tax/yrUnfinished

Sold 2026-07-31

80 days on market

About this home

Welcome to 514 & 516 Bay Street, an excellent opportunity to own a well-maintained 5+1-unit building in the heart of Centretown, offering a solid 6.4% cap rate and positive cash flow. This property combines stable income with immediate rental upside. Located on the corner of Bay and Gladstone, the building sits in a desirable residential pocket surrounded by established single-family homes and multi-unit properties. Just steps to downtown offices, shops, restaurants, and public transit, this pri…

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Property details

MLS#: X12927004
Status: Sold
Property class: Residential Freehold
Beds: 10
Baths: 6 full, 0 half
Rooms: 16
Kitchens: 6
Size: 3500-5000Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: Unfinished
Style: 3-Storey
Type: Multiplex
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

PIN: 041210396
Roll / ARN: 061406310164000

Occupancy: Tenant Occupied
Washrooms: 3 pc
Family room: No
Central vacuum: No
Ensuite laundry: No

Roof: Tar and Gravel
Foundation: Concrete

Garage: None
Garage spaces: 0
Parking: 3 total
Lot: 37 × 99
Heating: Baseboard
Heating fuel: Electric
Cooling: None
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick
Fronting on: West
Cross street: McLeod Street and Bay Street
Stories: —
Utilities: —
Laundry: —
Interior: Carpet Free
Parking features: Private

Additional listing data

ListAOR: Ottawa Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: RE/MAX HALLMARK REALTY GROUP

Source: TRREB/PROPTX · MLS® X12927004

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514 Bay Street · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $0✓ $11,436 tax✓ Electric✓ 3500-5000 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$2,194/mo

incl. closing costs (yr 1)

Annual total

$26,326

year 1

Mortgage only

$0/mo

principal + interest

Beyond mortgage

$1,736/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$0

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$953/mo

Utilities

Hydro / electricity$553/mo

≈ $0.13/ft² × ~4,250 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$0/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$0

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Property taxes43% $11,436/yr

Utilities31% $8,190/yr

Insurance & security6% $1,600/yr

Closing costs19% $5,100/yr

Mortgage is 0% of your true cost of ownership. The other 100% surprises most first-time buyers.

Full breakdown

Government & taxes
Property tax	$11,436	$953/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$6,630	$553/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$26,326	$2,194/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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514 Bay Street

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs