225 Alvin Road 609, Manor Park - Cardinal Glen and Area

$269,900
225 Alvin Road 609

$269,900

New
23d
Condo Apartment1 Storey/Apt

225 Alvin Road 609, Manor Park - Cardinal Glen and Area

Total Monthly Obligation $1,995

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
23d
Score
26
Yield
9.1%
Cash on Cash
4.1%
Cap Rate
5.5%
5Y IRR
18.9%
10Y IRR
17.3%
Property Type-Condo Apartment
MLS® Number-X13843400
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 30, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,240.8 (2025)
Maintenance-$519.93/mo
Locker-Owned
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE PERFORMANCE REALTY
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-3102 - Manor Park
Title-Residential Condo & Other

No agent assigned

A bright Manor Park condo for under $300,000, with owned parking, an owned storage locker, in-suite laundry and access to a gym, sauna and rooftop terrace! This spacious 1-bedroom unit offers the everyday conveniences that make condo living easy, whether you're buying your first home, looking to downsize or searching for an investment property. Inside, large windows bring natural light into the open living and dining area, creating an inviting space to relax or entertain. Hardwood flooring adds warmth, while the kitchen features stainless steel appliances, ample cabinetry and a breakfast bar that connects naturally with the living space. The generously sized bedroom offers a quiet place to unwind, with a full bathroom nearby. Enjoy the convenience of doing laundry at home, working out in the building's gym, relaxing in the sauna or spending a summer evening on the rooftop terrace. With parks, walking paths and the Ottawa River nearby, plus easy access to everyday amenities and downtown Ottawa, this is a chance to enjoy the best of Manor Park at an approachable price. Some photos are virtually staged.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$215,920
Land Transfer Taxes$2,524
Legal Fees (Est.)
$
Total cash required for closing$58,004

Total Monthly Obligation

$1,995/mo
Mortgage $1,089
Monthly Loss $1,709
Principal$286
Interest$802
Property Tax$187
Condo Fees$520
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-3.1%4
5-Year IRR
13.6%62
10-Year IRR
13.8%
Returns Index
31.9/ 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
$24,588/yr
NOI
$11,249/yr
Net Cash Flow
-$151/mo
Cash Margin
-7.4%1
Cash Flow Index
1.1/ 100
Risk Profile
Weight: 20%
DSCR
0.8617
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo80
Risk Index
38.7/ 100

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

Comparables

Properties near 225 Alvin Road 609

Time

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