3085 Riverside Drive 108, Billings Bridge - Riverside Park and Area

$514,900
3085 Riverside Drive 108

$514,900

New
2d
Condo ApartmentApartment

3085 Riverside Drive 108, Billings Bridge - Riverside Park and Area

Total Monthly Obligation $2,718

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
2d
Score
20
Yield
5.0%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Condo Apartment
MLS® Number-X14101816
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Age-New
Maintenance-$441.48/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-THE AGENCY OTTAWA
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Metal/Steel Siding
Possession-TBD with Builder
Neighbourhood-4604 - Mooneys Bay/Riverside Park
Title-Residential Condo & Other

No agent assigned

This prime ground-floor, 1-bedroom corner unit boasts direct water views of Mooney's Bay, an in-suite laundry closet, and an expansive 357 sq ft private terrace facing Riverside Drive and Mooney's Bay-ideal for outdoor entertaining and enjoying the scenery. Introducing Ottawa's newest boutique waterfront community! These thoughtfully designed suites offer some of the nicest views in the city, just steps from Mooney's Bay and its year-round lifestyle amenities. Centrally located within 15 minutes of Ottawa's major hospitals, the airport, Preston Street, Lansdowne, and the ByWard Market, The Docks combines convenience with a relaxed waterfront setting. A perfect fit for young professionals and downsizers seeking modern finishes, low-maintenance living, and exceptional access to the city's core.

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

Closing Costs

Mortgage Amount
$411,920
Land Transfer Taxes$6,773
Legal Fees (Est.)
$
Total cash required for closing$111,253

Total Monthly Obligation

$2,718/mo
Mortgage $2,077
Monthly Loss $2,172
Principal$547
Interest$1,530
Condo Fees$441
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
8.9%28
10-Year IRR
9.8%
Returns Index
15.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$25,668/yr
NOI
$15,403/yr
Net Cash Flow
-$793/mo
Cash Margin
-37.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo61
Risk Index
28.8/ 100

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

Comparables

Properties near 3085 Riverside Drive 108

Time

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Data last updated within the past 24 hours.