242 Rideau Street 201, Lower Town - Sandy Hill

$535,000
242 Rideau Street 201

$535,000

Price Change
5d
Condo Apartment1 Storey/Apt

242 Rideau Street 201, Lower Town - Sandy Hill

Total Monthly Obligation $4,111

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
5d
Score
37
Yield
11.2%
Cash on Cash
10.6%
Cap Rate
6.9%
5Y IRR
24.2%
10Y IRR
21.8%
Property Type-Condo Apartment
MLS® Number-X14097764
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 18, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$7,269 (2026)
Maintenance-$1,147/mo
Locker-Owned
Parking-1 - Underground
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete Block, Brick
Roof-Membrane
Foundation-Concrete
Possession-Flexible
Neighbourhood-4003 - Sandy Hill
Title-Residential Condo & Other

No agent assigned

Just shy of 1300 square feet and featuring rounded windows overlooking the world this is a rarely available corner unit! You've been thinking about downsizing to downtown but could never find the right amount of space? Look no more. Being on the second floor, take the quick flight of stairs to your home, right from the lobby and as well, access the fabulous amenities all located on the third floor 3rd floor on foot so you don't even have to wait for the elevator to go grill your dinner or use the gym! Enjoy the common/party room, home-theatre room, co-working office, deck with BBQs, the gym, pool and sauna. A second patio is located on the on 4th floor. this lovely condo boasts 2 decent bedrooms, and two full baths, an efficient galley kitchen with window and very spacious living spaces. Bright and cheerful. Elegant, well managed condo at Claridge Plaza with concierge at the door. Convenient hose bib in you private parking space. Storage locker located next to the parking stall: so convenient. A second parking spot could be available for purchase. Status Certificate on file.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$428,000
Land Transfer Taxes$7,175
Legal Fees (Est.)
$
Total cash required for closing$115,675

Total Monthly Obligation

$4,111/mo
Mortgage $2,158
Monthly Loss $3,543
Principal$568
Interest$1,590
Property Tax$606
Condo Fees$1,147
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.7%47
Cash-on-Cash
4.2%19
5-Year IRR
19.6%91
10-Year IRR
18.7%
Returns Index
53.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
37/ 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
$60,192/yr
NOI
$30,740/yr
Net Cash Flow
$404/mo
Cash Margin
8.0%20
Cash Flow Index
19.9/ 100
Risk Profile
Weight: 20%
DSCR
1.1944
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
32.7/ 100

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

Comparables

Properties near 242 Rideau Street 201

Time

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