LiveMLS X13819330Buy & hold

2940 PRINCE OF WALES DRIVE · Detached rental

Ottawa, ON · Detached rental · 1 unit

$1,094,900listed

Workable offer

Ottawa market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

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What this listing is

2940 PRINCE OF WALES DRIVE is a detached rental in Ottawa, ON, asking $1,094,900 — $1,094,900 per door.

That sits above the Ottawa band of $275k - $475k per door. A price above the band has to be earned by rents, condition, or upside that the listing has not yet shown. Ottawa cap rates screen 4.3% - 5.6% against average rent near $2,250 a door.

At 1 unit this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Ottawa offers durable demand, stable employment, and selected intensification upside, but prices require disciplined underwriting. Investor demand reads high, vacancy tight to balanced.

Asking price: $1,094,900
Units: 1 unit
Property type: Detached rental
Location: Ottawa, ON
Price per door: $1,094,900
Ottawa cap band: 4.3% - 5.6%
Ottawa average rent: $2,250

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.