7 Charkay Street, Cityview - Parkwoods Hills - Rideau Shore

$530,000
7 Charkay Street

$530,000

New
24d
Semi-Detached Bungalow

7 Charkay Street, Cityview - Parkwoods Hills - Rideau Shore

Total Monthly Obligation $2,840

Beds
4
Baths
2
Park
3
Sqft
700-1100
DOM
24d
Score
23
Yield
6.2%
Cash on Cash
1.7%
Cap Rate
4.9%
5Y IRR
16.9%
10Y IRR
15.7%
Property Type-Semi-Detached
MLS® Number-X13838646
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-35 × 100 ft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Semi-Detached
Taxes-$3,927 (2026)
Parking-3 - None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-REMAX BOARDWALK REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-7202 - Borden Farm/Stewart Farm/Carleton Heights/Parkwood Hills
Title-Residential Freehold

No agent assigned

Welcome to this spacious 2+2 bedroom, 2 bathroom semi-detached bungalow in the established community of Parkwood Hills. Well maintained and offering a functional layout. This home provides generous living space and an excellent opportunity to update and make it your own. The main level features hardwood flooring, a spacious living room, bright dining area with large windows and an eat-in kitchen with plenty of cabinetry and storage. Two generously sized bedrooms feature double closets with one offering flexibility as a home office or den. The finished lower level extends the living space with two additional bedrooms, a family room, an updated bathroom (2023), workshop area and plenty of storage. Outside, enjoy a private backyard with space to relax, entertain or create your own outdoor retreat. Situated on a quiet street close to shopping, restaurants and everyday amenities along Merivale Road, including Merivale Mall, Costco, Winners and Movati. Convenient access to downtown Ottawa, Carleton University, Algonquin College, public transit and major routes.

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

Closing Costs

Mortgage Amount
$424,000
Land Transfer Taxes$7,075
Legal Fees (Est.)
$
Total cash required for closing$114,575

Total Monthly Obligation

$2,840/mo
Mortgage $2,138
Monthly Loss $2,278
Principal$563
Interest$1,575
Property Tax$327
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.1%3
5-Year IRR
12.4%53
10-Year IRR
12.5%
Returns Index
27.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$32,616/yr
NOI
$20,927/yr
Net Cash Flow
-$394/mo
Cash Margin
-14.5%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8215
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo57
Risk Index
30.1/ 100

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

Comparables

Properties near 7 Charkay Street

Time

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