515 St Laurent Boulevard 2012, Manor Park - Cardinal Glen and Area

$289,900
515 St Laurent Boulevard 2012

$289,900

Price Change
35d
Condo Apartment1 Storey/Apt

515 St Laurent Boulevard 2012, Manor Park - Cardinal Glen and Area

Total Monthly Obligation $2,492

Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
35d
Score
22
Yield
9.8%
Cash on Cash
0.5%
Cap Rate
4.7%
5Y IRR
15.9%
10Y IRR
14.9%
Property Type-Condo Apartment
MLS® Number-X13801520
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Sep 18, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,335 (2026)
Maintenance-$928.2/mo
Locker-Ensuite
Parking-1 - Underground
Basement-None
Heating-Baseboard (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-3103 - Viscount Alexander Park
Title-Residential Condo & Other

No agent assigned

Stop the car! A gorgeous, beautifully updated two-bedroom apartment at The Highlands. This is arguably the finest two-bedroom unit in the building, featuring high-end renovations completed in 2022 and resort-style, all-inclusive living.Gourmet Kitchen with a classic black-and-white theme, quartz countertops and premium built-in appliances, including a hidden Liebherr refrigerator, a hidden Smeg dishwasher, a microwave/oven combo, a steam oven, and a cooktop with a remote-controlled hood fan. Light engineered hardwood floors throughout. The dining room offers built-in shelving plus more cabinetry and a two-zone wine/beverage cooler, plus a dedicated storage space with an upright freezer. The living area and bedrooms feature smart lighting and pot lights. A stylish four-piece bathroom and two 2022 air conditioning units for summer comfort. The generously sized 19' x 6.8' balcony has tile flooring. The all-inclusive condo fee covers heat, hydro, water, building insurance, and access to fantastic amenities, including an outdoor pool, gym, games room, party room and library.An underground parking space completes this picture. The location is unbeatable, with shopping at your doorstep and easy access to the Ottawa River and NCC trails. Some rooms virtually staged.

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

Closing Costs

Mortgage Amount
$231,920
Land Transfer Taxes$2,824
Legal Fees (Est.)
$
Total cash required for closing$62,304

Total Monthly Obligation

$2,492/mo
Mortgage $1,169
Monthly Loss $2,184
Principal$308
Interest$862
Property Tax$195
Condo Fees$928
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.9%42
10-Year IRR
11.8%
Returns Index
21.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$9,777/yr
Net Cash Flow
-$355/mo
Cash Margin
-14.9%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo66
Risk Index
31.4/ 100

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

Comparables

Properties near 515 St Laurent Boulevard 2012

Time

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