200 Rideau Street 510, Lower Town - Sandy Hill

$289,900
200 Rideau Street 510

$289,900

New
17d
Condo ApartmentApartment

200 Rideau Street 510, Lower Town - Sandy Hill

Total Monthly Obligation $2,075

Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
17d
Score
24
Yield
8.4%
Cash on Cash
1.8%
Cap Rate
5.0%
5Y IRR
17.0%
10Y IRR
15.8%
Property Type-Condo Apartment
MLS® Number-X13868556
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$3,288.03 (2026)
Maintenance-$432/mo
Locker-None
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-INNOVATION REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Other
Possession-Imm.
Neighbourhood-4003 - Sandy Hill
Title-Residential Condo & Other

No agent assigned

Welcome to 510-200 Rideau Street, perfectly situated in the heart of downtown Ottawa's Lower Town. This bright and inviting 1-bedroom, 1-bathroom condo offers comfortable urban living with an ideal blend of style, convenience and lifestyle amenities.The spacious living area features beautiful flooring, large windows and an abundance of natural light.The open layout creates a comfortable space for relaxing or entertaining, while the private balcony offers a pleasant outdoor retreat with views over the beautifully landscaped grounds and surrounding downtown neighbourhood. The generously sized bedroom provides a comfortable and private space to unwind, complemented by a well-appointed 4-piece bathroom.Enjoy the convenience of your own in-suite laundry, along with the many amenities offered at 200 Rideau, including an indoor pool, fitness centre, party room and concierge service, making this a great option for both homeowners and investors looking for a well-connected downtown property.The location is truly exceptional. Step outside and enjoy everything downtown Ottawa has to offer, with the ByWard Market, CF Rideau Centre, Rideau Street shopping and dining, University of Ottawa, LRT, restaurants, cafés and entertainment all within easy reach. The Rideau Canal, Parliament Hill and Ottawa's many cultural and recreational attractions are also close by. With an abundance of amenities and transit options right outside your door, a car-free lifestyle is entirely possible.Whether you're a first-time buyer, professional, student, investor or simply looking to enjoy the convenience of downtown living, 510-200 Rideau Street offers an excellent opportunity to experience Ottawa at its best.

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(utilities, internet...)
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%
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Closing Costs

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

Total Monthly Obligation

$2,075/mo
Mortgage $1,169
Monthly Loss $1,768
Principal$308
Interest$862
Property Tax$274
Condo Fees$432
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-5.0%2
5-Year IRR
12.1%51
10-Year IRR
12.5%
Returns Index
26.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$24,204/yr
NOI
$10,912/yr
Net Cash Flow
-$260/mo
Cash Margin
-12.9%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
4.6 mo78
Risk Index
36.5/ 100

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

Comparables

Properties near 200 Rideau Street 510

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.