2871 Richmond Road 1608, Britannia Heights - Queensway Terrace N and Area

$369,900
2871 Richmond Road 1608

$369,900

New
120d
Condo Apartment1 Storey/Apt

2871 Richmond Road 1608, Britannia Heights - Queensway Terrace N and Area

Total Monthly Obligation $2,761

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
120d
Score
19
Yield
7.5%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Condo Apartment
MLS® Number-X13488108
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Jun 25, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,817.33 (2026)
Maintenance-$834.01/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-ROYAL LEPAGE INTEGRITY REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-60 days +
Neighbourhood-6201 - Britannia Heights
Title-Residential Condo & Other

No agent assigned

Check out this bright 2 bedroom 2 bath condo with amazing view of the water! Its positioning and 16th floor advantage make for premium river views. When you enter the unit, the kitchen is to your right. Continue straight to the open concept living dinning room. Off the dinning room you will find the Atrium where your can fully enjoy the beautiful view. Heading down the hall you will find the very convenient in-suite laundry room, main bathroom and 2nd bedroom. At the end of the hall you will find the primary bedroom with walkthrough double closet and 2 piece ensuite. This amenities-rich building includes: inground pool, fitness room, whirlpool, sauna, racquetball court, carwash (manual), library, workshop, and billiard room. One underground parking spot and storage locker are included. The location is exceptional with easy access to transit, shopping, Farm Boy, the Ottawa River at Britannia Beach and the 417 highway. Be sure to check out the 3D Walkthrough!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$295,920
Land Transfer Taxes$4,024
Legal Fees (Est.)
$
Total cash required for closing$79,504

Total Monthly Obligation

$2,761/mo
Mortgage $1,492
Monthly Loss $2,368
Principal$393
Interest$1,099
Property Tax$235
Condo Fees$834
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.1%1
5-Year IRR
8.2%24
10-Year IRR
9.5%
Returns Index
13.1/ 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
$27,912/yr
NOI
$9,895/yr
Net Cash Flow
-$667/mo
Cash Margin
-28.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo59
Risk Index
27.8/ 100

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

Comparables

Properties near 2871 Richmond Road 1608

Time

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