959 North River Road 401, Overbrook - Castleheights and Area

$529,900
959 North River Road 401

$529,900

New
4d
Condo ApartmentApartment

959 North River Road 401, Overbrook - Castleheights and Area

Total Monthly Obligation $3,402

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
4d
Score
18
Yield
6.1%
Cash on Cash
-5.4%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.3%
Property Type-Condo Apartment
MLS® Number-X14095252
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$3,949.56 (2026)
Maintenance-$735/mo
Locker-Owned
Parking-1 - Underground
Basement-Other
Heating-Baseboard (Electric)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible/TBD
Neighbourhood-3501 - Overbrook
Title-Residential Condo & Other

No agent assigned

Welcome to this bright, beautifully updated 2 bedroom, 2 bathroom condo in a quiet, boutique low-rise building designed by renowned Ottawa architect Barry Hobin. Featuring two balconies and a fantastic view, this move-in-ready home offers an ideal blend of comfort, quality and convenience. Meticulously cared for by its owners, the unit boasts numerous updates, including a new heat pump/AC system (2026), stove (2026), dishwasher and microwave/hood fan (2023), washer and dryer (2024), and owned hot water tank (2023). The bright, inviting living spaces are filled with natural light, creating a warm and welcoming atmosphere throughout. Two private balconies provide extra space to enjoy your morning coffee, relax outdoors or simply unwind at the end of the day. With a functional layout and quality updates throughout, this home offers easy, low-maintenance living with nothing left to do but move in! Ideal for first-time home buyers or downsizers seeking comfort and convenience, this condo is perfectly situated just steps from the Rideau River, Rideau Sports Club, parks and scenic bike paths. Enjoy the added convenience of being an easy walk to both Loblaws and Green Fresh Supermarket, with shops, restaurants and transit also close by. Complete with one parking space, a dedicated storage locker, and in-suite laundry, this exceptional condo offers a fantastic opportunity to enjoy a bright, comfortable home in a sought-after location. Simply unpack, settle in and enjoy! Join us at the Open House: Sunday, October 25th 2:00-4:00PM

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

Closing Costs

Mortgage Amount
$423,920
Land Transfer Taxes$7,073
Legal Fees (Est.)
$
Total cash required for closing$114,553

Total Monthly Obligation

$3,402/mo
Mortgage $2,137
Monthly Loss $2,839
Principal$562
Interest$1,575
Property Tax$329
Condo Fees$735
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.1%1
5-Year IRR
7.9%23
10-Year IRR
9.2%
Returns Index
12.5/ 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
$32,508/yr
NOI
$14,088/yr
Net Cash Flow
-$964/mo
Cash Margin
-35.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
23.5/ 100

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

Comparables

Properties near 959 North River Road 401

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