234 Rideau Street 903, Lower Town - Sandy Hill

$419,900
234 Rideau Street 903

$419,900

New
16d
Condo ApartmentApartment

234 Rideau Street 903, Lower Town - Sandy Hill

Total Monthly Obligation $3,046

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
16d
Score
19
Yield
7.6%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Condo Apartment
MLS® Number-X13870734
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$5,183.52 (2026)
Maintenance-$720/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE INTEGRITY REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-4003 - Sandy Hill
Title-Residential Condo & Other

No agent assigned

Welcome to this updated 848 sqft fully 2 bedroom + den condo the heart of downtown. New hardwood floors throughout the living, dining room and den which is perfect for your office space or a bonus space. Open concept kitchen with granite countertop looking onto the living and dining room. Primary bedroom with ensuite and walk-in closet. Second bedroom is bright and very functional. Second full bathroom has the access to the in unit laundry. Partial views of the Parliament from your balcony. Prime underground parking with access to the storage locker in front of your parking space. Great amenities: 24hrs security, exercise room, pool, movie room and party room. Perfect downtown location. Walking distance to Rideau Shopping Center, pharmacy, Farm Boy grocery store, restaurants and more. Minutes walk to Ottawa University, Parliament Hill and The Market. Easy access to the highway and the bridge to Gatineau. This one is worth the look!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$335,920
Land Transfer Taxes$4,873
Legal Fees (Est.)
$
Total cash required for closing$90,353

Total Monthly Obligation

$3,046/mo
Mortgage $1,694
Monthly Loss $2,600
Principal$446
Interest$1,248
Property Tax$432
Condo Fees$720
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.5%1
5-Year IRR
9.3%31
10-Year IRR
10.4%
Returns Index
16.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$32,076/yr
NOI
$12,645/yr
Net Cash Flow
-$640/mo
Cash Margin
-23.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.628
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
26.2/ 100

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

Comparables

Properties near 234 Rideau Street 903

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.