505 ST LAURENT Boulevard 903, Manor Park - Cardinal Glen and Area

$217,000
505 ST LAURENT Boulevard 903

$217,000

Price Change
49d
Condo ApartmentApartment

505 ST LAURENT Boulevard 903, Manor Park - Cardinal Glen and Area

Total Monthly Obligation $2,154

Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
49d
Score
30
Yield
13.1%
Cash on Cash
8.9%
Cap Rate
6.5%
5Y IRR
22.8%
10Y IRR
20.6%
Property Type-Condo Apartment
MLS® Number-X13746776
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Sep 4, 2026
Style-Apartment
Building Type-Condo Apartment
Age-51-99
Taxes-$2,343.72 (2026)
Maintenance-$882.98/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-CENTURY 21 ACTION POWER TEAM LTD.
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Flat
Foundation-Concrete
Possession-Immediate
Neighbourhood-3103 - Viscount Alexander Park
Title-Residential Condo & Other

No agent assigned

Welcome to The Highlands in Manor Park-one of Ottawa's most desirable neighborhoods. This well-managed condominium community is known for its spacious layouts, beautifully maintained grounds, and exceptional amenities, all set against a serene backdrop of walking trails, a private yard, a man-made pond, and an outdoor pool. Ideally located with direct access to a recreation center and just steps to everyday conveniences including Farm Boy, Independent Grocer, Dollarama, restaurants, Montfort Hospital and services. Commuting is effortless with quick access to downtown and major shopping districts by car or transit. This bright and spacious 2-bedroom unit features durable LVT flooring throughout, a generous living room, and a defined dining area-perfect for entertaining. The private balcony is a true highlight, offering sweeping views of downtown Ottawa, the Ottawa River, and the Gatineau Hills-an ideal place to unwind and take in the scenery. The kitchen showcases crisp white cabinetry with ample counter space and storage, while the updated bathroom continues the home's clean, modern feel. Two well-proportioned bedrooms are tucked away down a private hallway, each with large closets and oversized windows that flood the space with natural light-perfect for plant enthusiasts. Additional features include an in-unit storage room and condo fees that cover all utilities and underground parking. Residents enjoy an impressive list of amenities including a fitness centre, sauna, party room, library, pool table, workshop, car wash station, outdoor pool, and a welcoming mid-century modern lobby. Priced to Sell, Move-in ready and waiting for you to call it home.

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

Closing Costs

Mortgage Amount
$173,600
Land Transfer Taxes$1,895
Legal Fees (Est.)
$
Total cash required for closing$46,795

Total Monthly Obligation

$2,154/mo
Mortgage $875
Monthly Loss $1,923
Principal$230
Interest$645
Property Tax$195
Condo Fees$883
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.8%35
Cash-on-Cash
-0.4%7
5-Year IRR
16.2%78
10-Year IRR
16.3%
Returns Index
41.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
30/ 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
$28,500/yr
NOI
$10,311/yr
Net Cash Flow
-$16/mo
Cash Margin
-0.7%4
Cash Flow Index
4.2/ 100
Risk Profile
Weight: 20%
DSCR
0.9825
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo75
Risk Index
39.7/ 100

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

Comparables

Properties near 505 ST LAURENT Boulevard 903

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.