179 George Street 1206, Lower Town - Sandy Hill

$499,900
179 George Street 1206

$499,900

New
7d
Condo ApartmentApartment

179 George Street 1206, Lower Town - Sandy Hill

Total Monthly Obligation $3,465

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
7d
Score
18
Yield
6.7%
Cash on Cash
-5.6%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Condo Apartment
MLS® Number-X14090580
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,700 (2026)
Maintenance-$1,024/mo
Locker-Owned
Parking-1 - Attached
Basement-None
Heating-Other (Other)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-TBD
Neighbourhood-4001 - Lower Town/Byward Market
Title-Residential Condo & Other

No agent assigned

A distinctive corner loft condominium with breathtaking panoramic views of the surrounding cityscape. An exceptional blend of contemporary style and urban sophistication with nearly 1000sqft of interior living space complemented by an impressive 35ft long balcony. Multiple vistas with floor-to-ceiling windows that wrap the interior in natural light, accentuating the open layout and enhancing the airy & ambient appeal. The thoughtfully arranged two bedroom, two bathroom design offers a bespoke kitchen with high gloss polished concrete floors, rich cabinetry, a moveable island & stainless appliances. The spacious Primary Suite showcases his & her closets, a sleek 4-piece ensuite with glass enclosed walk-in rain shower and direct access to the balcony. This refined residence delivers a compelling combination of architectural character, modern finishes and an enviable downtown location. An exceptional opportunity with all Inclusive Condo Fees that cover heat, hydro, water, building insurance, an underground parking space plus a dedicated storage locker.

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$3,465/mo
Mortgage $2,016
Monthly Loss $2,935
Principal$531
Interest$1,486
Property Tax$225
Condo Fees$1,024
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.7%1
5-Year IRR
7.6%21
10-Year IRR
9.0%
Returns Index
11.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$33,456/yr
NOI
$12,722/yr
Net Cash Flow
-$956/mo
Cash Margin
-34.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
23.0/ 100

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

Comparables

Properties near 179 George Street 1206

Time

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