1190 Richmond Road 502, Woodroffe

$349,900
1190 Richmond Road 502

$349,900

Extension
170d
Condo ApartmentApartment

1190 Richmond Road 502, Woodroffe

Total Monthly Obligation $2,810

Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
170d
Score
19
Yield
8.4%
Cash on Cash
-3.3%
Cap Rate
3.9%
5Y IRR
12.9%
10Y IRR
12.5%
Property Type-Condo Apartment
MLS® Number-X13090864
Beds-2
Bathrooms-1
Size-900-999 sqft
Listed on site-May 6, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,049.26 (2025)
Maintenance-$1,028/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-REMAX BOARDWALK REALTY
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-6002 - Woodroffe
Title-Residential Condo & Other

No agent assigned

Look no further! This rarely offered meticulously maintained building offers a welcoming, close-knit community with approximately 90% owner occupancy and only 31 units in the building. This allows for a welcoming environment to meet new people and enjoy the activities that the building has to offer. Enjoy a variety of amenities including a games/party room that hosts regular movie/game nights and a heated salt water outdoor pool. Also there is a back garden with a BBQ that owners are free to use as desired AND a guest suite for visiting family/friends. Situated on the 5th floor, this unit enjoys a desirable western exposure with beautiful sunset views over the Ottawa River Parkway and the Gatineau Hills. The spacious open-concept layout offers over 900 square feet of well designed living space, highlighted by pristine hardwood flooring throughout. The bright kitchen features solid wood cabinetry with an island, excellent storage and counter space. The generous living/dining area is enhanced by floor to ceiling windows and provides a versatile space that comfortably accommodates larger furniture.The recently renovated bathroom offers a walk in shower and a thoughtfully designed layout that allows for easy accessibility. Both bedrooms are well sized with ample closet space.Residents also enjoy convenient access to free laundry facilities located just down the hall.The condo fees are all inclusive so there are no utilities to set up and the superintendent is on site 24/7! Ideally located close to the LRT, shopping, Westboro and the Ottawa River Parkway with its scenic walking and cycling paths. Secure and heated underground parking is included.

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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$2,810/mo
Mortgage $1,411
Monthly Loss $2,439
Principal$371
Interest$1,040
Property Tax$171
Condo Fees$1,028
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.7%1
5-Year IRR
8.6%27
10-Year IRR
10.0%
Returns Index
14.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$29,400/yr
NOI
$9,675/yr
Net Cash Flow
-$605/mo
Cash Margin
-24.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
27.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1190 Richmond Road 502

Time

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