6 Millrise Lane E, South of Baseline to Knoxdale

$525,000
6 Millrise Lane E

$525,000

New
18d
Condo Townhouse3-Storey

6 Millrise Lane E, South of Baseline to Knoxdale

Total Monthly Obligation $3,186

Beds
3
Baths
3
Park
1
Sqft
1800-1999
DOM
18d
Score
22
Yield
7.1%
Cash on Cash
0.7%
Cap Rate
4.7%
5Y IRR
16.1%
10Y IRR
15.1%
Property Type-Condo Townhouse
MLS® Number-X13862098
Beds-3
Bathrooms-3
Size-1800-1999 sqft
Listed on site-Oct 5, 2026
Style-3-Storey
Building Type-Condo Townhouse
Taxes-$3,879.89 (2026)
Maintenance-$545.46/mo
Locker-None
Parking-2 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER SARAZEN REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Wood, Living Room
Pool-None
Exterior-Brick, Vinyl Siding
Foundation-Concrete
Possession-TBA
Neighbourhood-7607 - Centrepointe
Title-Residential Condo & Other

No agent assigned

Welcome to 6E Millrise Lane! Tucked away on a quiet, family-friendly cul-de-sac with ample visitor parking, this stunning 3-bedroom condo townhouse offers an unbeatable blend of comfort and lifestyle in the heart of Centrepointe. Peace of mind comes easy with a brand-new furnace and central AC newly replaced in October 2025. The inviting main level features a ceramic-tiled entryway leading to a cozy family room/den with a walkout to a remarkably private backyard, complete with a mature 20-foot cedar hedge. Up higher, enjoy a bright open-concept living and dining area centered around a warm wood-burning fireplace, paired with a light-filled eat-in kitchen and energy-efficient windows throughout. The upper level boasts three generously sized bedrooms, including a spacious primary suite with a walk-in closet and a private 3-piece ensuite. Unmatched convenience places you within walking distance of Baseline Station, Algonquin College, College Square, Centrepointe Park, the library, and local amenities, with quick access to Highway 417. A remarkable opportunity for first-time buyers or growing families seeking modern living in one of Ottawa's most coveted communities!

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

Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$3,186/mo
Mortgage $2,118
Monthly Loss $2,629
Principal$557
Interest$1,560
Property Tax$323
Condo Fees$545
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.4%3
5-Year IRR
12.4%53
10-Year IRR
12.6%
Returns Index
27.4/ 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
$37,020/yr
NOI
$20,493/yr
Net Cash Flow
-$410/mo
Cash Margin
-13.3%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8114
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
27.5/ 100

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

Comparables

Properties near 6 Millrise Lane E

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.