428 Sparks Street 1902, Ottawa Centre

$519,900
428 Sparks Street 1902

$519,900

New
16d
Leasehold CondoApartment

428 Sparks Street 1902, Ottawa Centre

Total Monthly Obligation $3,549

Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
16d
Score
31
Yield
9.5%
Cash on Cash
7.4%
Cap Rate
6.2%
5Y IRR
21.5%
10Y IRR
19.6%
Property Type-Leasehold Condo
MLS® Number-X13877658
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Leasehold Condo
Age-11-15
Taxes-$5,272 (2026)
Maintenance-$812.3/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone, Other
Possession-Flexible
Neighbourhood-4101 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Perched on the 19th floor of Cathedral Hill, this spacious south-east corner suite offers the second-largest one-bedroom layout in the building and the highest-floor opportunity for this floor plan. With 743 sq. ft. of interior living space plus a 55 sq. ft. balcony, the layout feels open, bright and surprisingly generous for a one-bedroom. Floor-to-ceiling windows take advantage of the corner exposure and incredible views over the Ottawa River, National Archives and Supreme Court, with rare south-facing views and an unobstructed vantage point for the fireworks! The open-concept kitchen, living and dining area is designed for both everyday living, working and entertaining, with a large quartz island & countertops, sleek cabinetry and built-in appliances. There is plenty of room for a proper dining table, while the spacious bedroom is tucked away from the main living area for added privacy. The suite has been exceptionally well cared for with upgraded hardware, fixtures and fresh paint throughout. Cathedral Hill offers a quieter downtown setting while keeping so much of the city within easy walking distance. Walk to Line 1 LRT, the new central library, grocery shopping, parks and an off-leash dog park, the Ottawa River pathways and LeBreton Flats. Residents enjoy an impressive collection of amenities including concierge service, fitness centre, party room, guest suites, sauna, dog washing station, and more! Underground parking with an exclusive EV charger and storage locker complete this standout downtown home!

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

Closing Costs

Mortgage Amount
$415,920
Land Transfer Taxes$6,873
Legal Fees (Est.)
$
Total cash required for closing$112,353

Total Monthly Obligation

$3,549/mo
Mortgage $2,097
Monthly Loss $2,997
Principal$552
Interest$1,545
Property Tax$439
Condo Fees$812
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.2%40
Cash-on-Cash
1.5%11
5-Year IRR
17.2%83
10-Year IRR
16.6%
Returns Index
45.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
31/ 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
$49,212/yr
NOI
$26,871/yr
Net Cash Flow
$142/mo
Cash Margin
3.5%9
Cash Flow Index
9.1/ 100
Risk Profile
Weight: 20%
DSCR
1.0733
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo43
Risk Index
31.4/ 100

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

Comparables

Properties near 428 Sparks Street 1902

Time

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