179 George Street 1903, Lower Town - Sandy Hill

$335,000
179 George Street 1903

$335,000

New
4d
Condo ApartmentApartment

179 George Street 1903, Lower Town - Sandy Hill

Total Monthly Obligation $2,664

Bed+Den
2+1
Baths
1
Park
1
Sqft
700-799
DOM
4d
Score
19
Yield
8.0%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Condo Apartment
MLS® Number-X14095916
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,890 (2025)
Maintenance-$788.88/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Foundation-Concrete
Possession-ASAP/Flexible
Neighbourhood-4001 - Lower Town/Byward Market
Title-Residential Condo & Other

No agent assigned

Enjoy Unobstructed Sunrises from this 19th floor 1 Bedroom + Den Condo at East Market Phase III! Offering spectacular east facing views from your 107 sq.ft balcony, along with approximately 740 sq.ft of interior living space. This well-designed suite offers a seamless flow from the second you walk-in. With features that include soaring 9-foot concrete ceilings, wall-to-wall windows, hardwood flooring and open concept living. The versatile den provides an ideal space for a home office, reading nook, or guest area. Wake up with the sun with the east-facing bedroom with ample storage and a jack-and-jill bathroom. The kitchen offers stainless steel appliances and a moveable island with additional seating. The living space is generous with room for a sectional couch and a 4 seater table. CONDO FEES ARE ALL INCLUSIVE (Heat, Water and Hydro). 1 Underground Parking (B-46). Access to several amenities including; Fitness Centre, Meeting Room, Billiards, Terrace with BBQs. Located in the heart of the historic Byward Market just steps to Rideau Centre, ByWard District, the University of Ottawa and highly rated restaurants and cafes. Updates include: Microwave/HoodFan (2026), Hallway and Den Painted (2026). Status Certificate on File!

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

Closing Costs

Mortgage Amount
$268,000
Land Transfer Taxes$3,500
Legal Fees (Est.)
$
Total cash required for closing$72,000

Total Monthly Obligation

$2,664/mo
Mortgage $1,351
Monthly Loss $2,309
Principal$356
Interest$996
Property Tax$324
Condo Fees$789
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.7%21
10-Year IRR
9.2%
Returns Index
11.8/ 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
$26,844/yr
NOI
$8,403/yr
Net Cash Flow
-$651/mo
Cash Margin
-29.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
28.4/ 100

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

Comparables

Properties near 179 George Street 1903

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.