515 St Laurent Boulevard 810, Manor Park - Cardinal Glen and Area

$299,900
515 St Laurent Boulevard 810

$299,900

New
4d
Condo Apartment1 Storey/Apt

515 St Laurent Boulevard 810, Manor Park - Cardinal Glen and Area

Total Monthly Obligation $2,782

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
4d
Score
21
Yield
10.6%
Cash on Cash
-0.1%
Cap Rate
4.6%
5Y IRR
15.5%
10Y IRR
14.5%
Property Type-Condo Apartment
MLS® Number-X14092908
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 19, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-51-99
Taxes-$3,046 (2026)
Maintenance-$1,118.44/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Brick
Foundation-Poured Concrete
Possession-TBD
Neighbourhood-3103 - Viscount Alexander Park
Title-Residential Condo & Other

No agent assigned

Three bedroom units in The Highlands do not come up often, and unit 810 at 515 St Laurent Blvd brings something extra to the table; a pond-facing position that puts the manicured grounds, two large fountained ponds, and open greenspace front and centre rather than the street. The 8th floor works well here too: high enough for a clear sightline and a quiet feel, low enough that the grounds and walking paths below still feel part of everyday life. The L-shaped living and dining area is comfortable and flows naturally toward the patio doors and the large private balcony beyond; the view carries right through from inside the unit as well. The galley kitchen has been updated over the years and features matching cabinetry added into the eating area, giving the whole space considerably more pantry and storage room than the original layout provided, along with a dishwasher. The main bathroom has been redone with a glass-enclosed shower, and the primary bedroom comes with a 2 piece ensuite; a practical detail that makes a real difference in a unit of this size. Parquet hardwood and tile run throughout, and two wall A/C units keep things comfortable through the warmer months. A stackable in-unit washer and dryer is included, as is one underground parking space. The Highlands offers a heated outdoor pool, sauna, gym, party room, car wash bay, ponds, and walking paths throughout the property. Condo fees cover heat, hydro, and water; a meaningful offset when planning monthly costs. Montfort Hospital, St. Laurent Shopping Centre, La Cite Collegiale, Rockcliffe Park, and multiple transit routes are all within easy reach, with the Ottawa River pathways and Aviation Parkway just minutes away. A well-rounded unit in a building and neighbourhood that hold their value and one of the few in The Highlands that brings this particular combination of size, view, and floor level together in one place.

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$
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$239,920
Land Transfer Taxes$2,974
Legal Fees (Est.)
$
Total cash required for closing$64,454

Total Monthly Obligation

$2,782/mo
Mortgage $1,210
Monthly Loss $2,464
Principal$318
Interest$891
Property Tax$254
Condo Fees$1,118
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.6%1
5-Year IRR
10.5%39
10-Year IRR
11.6%
Returns Index
20.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$31,668/yr
NOI
$9,634/yr
Net Cash Flow
-$407/mo
Cash Margin
-15.4%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo59
Risk Index
28.5/ 100

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

Comparables

Properties near 515 St Laurent Boulevard 810

Time

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