1304 Morrison Drive, Parkway Park - Queensway Terrace S and Area

$524,900
1304 Morrison Drive

$524,900

New
3d
Att/Row/Townhouse2-Storey

1304 Morrison Drive, Parkway Park - Queensway Terrace S and Area

Total Monthly Obligation $2,876

Beds
4
Baths
3
Park
1
Sqft
1100-1500
DOM
3d
Score
21
Yield
5.9%
Cash on Cash
-0.3%
Cap Rate
4.5%
5Y IRR
15.3%
10Y IRR
14.4%
Property Type-Att/Row/Townhouse
MLS® Number-X14096818
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-20.01 × 100 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$4,600.05 (2025)
Parking-1 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flex
Neighbourhood-6301 - Redwood Park
Title-Residential Freehold

No agent assigned

Welcome to 1304 Morrison Drive in the established, family friendly Qualicum-Redwood community. With parks close to home and Bruce Pit just minutes away, it's a location that makes it easy to get outside, while keeping transit and downtown Ottawa within reach. Inside, the main level feels open and inviting. The renovated kitchen has white cabinetry, updated countertops and appliances, and a breakfast bar for a quick meal or morning coffee. There's also a separate dining area, while the living room brings everyone together around the fireplace. Large windows look onto the private backyard, where a deck, mature greenery and a fully fenced lawn create space to relax or entertain. All four bedrooms are upstairs, with room to use one as an office if needed. The basement was renovated in 2026 and adds another living area and a full bathroom. With 2.5 bathrooms in total, plus a new furnace and hot water tank, the home pairs a practical layout with substantial updates. Downtown Ottawa is approximately a 13-minute drive away.

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

Closing Costs

Mortgage Amount
$419,920
Land Transfer Taxes$6,973
Legal Fees (Est.)
$
Total cash required for closing$113,453

Total Monthly Obligation

$2,876/mo
Mortgage $2,117
Monthly Loss $2,318
Principal$557
Interest$1,560
Property Tax$383
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%23
Cash-on-Cash
-6.0%2
5-Year IRR
10.9%42
10-Year IRR
11.4%
Returns Index
22.1/ 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
$30,768/yr
NOI
$18,591/yr
Net Cash Flow
-$568/mo
Cash Margin
-22.2%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7311
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
28.7/ 100

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

Comparables

Properties near 1304 Morrison Drive

Time

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