225 Alvin Road N 309, Manor Park - Cardinal Glen and Area

$260,000
225 Alvin Road N 309

$260,000

New
22d
Condo ApartmentApartment

225 Alvin Road N 309, Manor Park - Cardinal Glen and Area

Total Monthly Obligation $2,012

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
22d
Score
26
Yield
9.5%
Cash on Cash
3.9%
Cap Rate
5.4%
5Y IRR
18.7%
10Y IRR
17.2%
Property Type-Condo Apartment
MLS® Number-X13849520
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,049 (2025)
Maintenance-$592/mo
Locker-Exclusive
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-RIGHT AT HOME REALTY
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Foundation-Concrete
Possession-TBA
Neighbourhood-3102 - Manor Park
Title-Residential Condo & Other

No agent assigned

Welcome home to freedom and a carefree, luxury lifestyle! Ideally situated in sought after Manor Park. The Lancaster's location offers a unique "natural parkland setting" adjacent to the Aviation Parkway. This well-maintained building offers a perfect balance of nature and urban convenience. Located just 10 minutes from Downtown Ottawa. This property is ideal for professionals, first time buyers or active retirees looking for space and serenity. Modern, light and bright one bedroom apartment. Kitchen with breakfast bar open to the Living and Dining room with warm hardwood flooring and large windows that flood the home with natural light. Generous bedroom. Updated bathroom. In suite laundry rough-in. Enjoy a premier lifestyle with 360-degree rooftop terrace overlooking the Gatineau Hills, fully equipped gym, sauna and newly renovated party room. Steps to transit, restaurants and wooded walking parks. Near Ottawa River, bike path, shopping malls and Montford Hospital. Rare find in this price range. First time buyers, here's your opportunity make that dream of home ownership a reality. This is the one you've been waiting for!

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Closing Costs

Mortgage Amount
$208,000
Land Transfer Taxes$2,375
Legal Fees (Est.)
$
Total cash required for closing$55,875

Total Monthly Obligation

$2,012/mo
Mortgage $1,049
Monthly Loss $1,736
Principal$276
Interest$773
Property Tax$171
Condo Fees$592
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.6%3
5-Year IRR
13.3%60
10-Year IRR
13.6%
Returns Index
30.7/ 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
$10,576/yr
Net Cash Flow
-$167/mo
Cash Margin
-8.2%1
Cash Flow Index
1.0/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
4.7 mo80
Risk Index
38.2/ 100

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

Comparables

Properties near 225 Alvin Road N 309

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.