2951 Riverside Drive 504, Billings Bridge - Riverside Park and Area

$328,000
2951 Riverside Drive 504

$328,000

New
58d
Condo ApartmentApartment

2951 Riverside Drive 504, Billings Bridge - Riverside Park and Area

Total Monthly Obligation $2,298

Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
58d
Score
26
Yield
8.6%
Cash on Cash
3.7%
Cap Rate
5.4%
5Y IRR
18.5%
10Y IRR
17.0%
Property Type-Condo Apartment
MLS® Number-X13713384
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Aug 26, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,213 (2026)
Maintenance-$590.33/mo
Locker-Owned
Parking-1 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-GRAPE VINE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-4604 - Mooneys Bay/Riverside Park
Title-Residential Condo & Other

No agent assigned

Exceptional Opportunity at The Denbury - Luxury Condo Across from Mooney's Bay! Discover the perfect blend of comfort, convenience, and lifestyle in this spacious 1-bedroom condo, over 750 sqft, located in the prestigious Denbury building, overlooking the Mooney's Bay Beach & Park. Whether you're walking, biking, or hiking, you'll love being steps away from Hog's Back Falls, the Rideau Canal, Billings Bridge, and just minutes from Carleton University and Ottawa's vibrant downtown. This move-in ready unit offers: Central air conditioning & heating with individual thermostats, a bright, oversized living room, a spacious office, eat-in kitchen with abundant cabinetry, drawers, and counter space, stainless steel appliances such as induction stove, fridge, dishwasher, microwave. The extra-large bedroom has a wall-to-wall closet, generous bathroom with built-in closet, large in-unit storage and a foyer with an entrance hall closet. Expansive windows are overlooking Mooney's Bay Park, engineered hardwood floors in living areas and bedroom, ceramic tile in kitchen, entrance, bathroom, and balcony, 1 garage parking space, basement storage locker, and laundry facilities on each floor. Enjoy resort-style amenities including an outdoor pool, tennis court, sauna, party room, guest suites, guest parking, exercise room, bike rooms, library, workshop, and game room. All-inclusive condo fees cover Amenities, Hydro, Water/Sewer, Heat, Air Conditioning, Building Insurance, Recreation Facilities, Management Fee, and Caretaker services. This is a rare chance to own a spacious, well-appointed condo in one of Ottawa's most desirable locations. Whether you're a first-time buyer, downsizer, or investor, this home offers exceptional value and lifestyle. Schedule your private viewing today - don't miss out! 24-hour irrevocable on all offers.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$262,400
Land Transfer Taxes$3,395
Legal Fees (Est.)
$
Total cash required for closing$70,495

Total Monthly Obligation

$2,298/mo
Mortgage $1,323
Monthly Loss $1,950
Principal$348
Interest$975
Property Tax$184
Condo Fees$590
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-2.9%4
5-Year IRR
13.7%63
10-Year IRR
13.8%
Returns Index
32.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 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
$28,368/yr
NOI
$13,834/yr
Net Cash Flow
-$170/mo
Cash Margin
-7.2%1
Cash Flow Index
1.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo71
Risk Index
35.9/ 100

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

Comparables

Properties near 2951 Riverside Drive 504

Time

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