14 Norice Street 208, Meadowlands - Crestview and Area

$415,000
14 Norice Street 208

$415,000

Price Change
91d
Condo Apartment1 Storey/Apt

14 Norice Street 208, Meadowlands - Crestview and Area

Total Monthly Obligation $2,823

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
91d
Score
18
Yield
6.2%
Cash on Cash
-6.7%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Condo Apartment
MLS® Number-X13601104
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Jul 24, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,314.58 (2026)
Maintenance-$672.46/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXIT OTTAWA VALLEY REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-7302 - Meadowlands/Crestview
Title-Residential Condo & Other

No agent assigned

Welcome to 14 Norice St - Step into easy, sun-filled condo living in this impeccably maintained two-bedroom, two-bathroom corner unit. Natural light fills the space, creating a bright and welcoming atmosphere for relaxing, entertaining, or filling your home with your favourite plants. Start your mornings with coffee on the private balcony, soak up the afternoon sun, or create your own peaceful outdoor retreat surrounded by greenery. Inside, hardwood and tiled flooring flow throughout, while the kitchen features beautiful stone countertops. The primary bedroom includes a private ensuite, offering a comfortable escape at the end of the day. Enjoy underground parking with a storage locker conveniently located right beside it, along with beautifully landscaped grounds, an outdoor courtyard, a gym, and a party room. With groceries and major bus routes within walking distance, this exceptionally clean boutique condo offers a bright, relaxed, and convenient lifestyle.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$332,000
Land Transfer Taxes$4,775
Legal Fees (Est.)
$
Total cash required for closing$89,275

Total Monthly Obligation

$2,823/mo
Mortgage $1,674
Monthly Loss $2,382
Principal$441
Interest$1,233
Property Tax$276
Condo Fees$672
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.2%0
5-Year IRR
7.2%19
10-Year IRR
8.7%
Returns Index
10.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$26,556/yr
NOI
$10,116/yr
Net Cash Flow
-$831/mo
Cash Margin
-37.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
27.1/ 100

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

Comparables

Properties near 14 Norice Street 208

Time

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Data last updated within the past 24 hours.