3085 Riverside Drive 212, Billings Bridge - Riverside Park and Area

$444,900
3085 Riverside Drive 212

$444,900

New
2d
Condo ApartmentApartment

3085 Riverside Drive 212, Billings Bridge - Riverside Park and Area

Total Monthly Obligation $2,395

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
2d
Score
21
Yield
5.3%
Cash on Cash
-3.1%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.6%
Property Type-Condo Apartment
MLS® Number-X14102686
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Age-New
Maintenance-$400.39/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 interior one-bedroom unit features a functional kitchen with a 54" x 36" island, in-suite laundry located in the bathroom, and a private 103 sq. ft. balcony. Introducing The Docks, Ottawa's newest boutique waterfront community. These thoughtfully designed suites offer exceptional river views, located just steps from Mooney's Bay and its year-round lifestyle amenities. Centrally situated within 15 minutes of Ottawa's major hospitals, the airport, Preston Street, Lansdowne, and the ByWard Market, this location perfectly balances urban convenience with a relaxed waterfront setting.Ideal for young professionals and downsizers seeking modern finishes, low-maintenance living, and seamless access to the city core.

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

Closing Costs

Mortgage Amount
$355,920
Land Transfer Taxes$5,373
Legal Fees (Est.)
$
Total cash required for closing$95,853

Total Monthly Obligation

$2,395/mo
Mortgage $1,795
Monthly Loss $1,923
Principal$472
Interest$1,322
Condo Fees$400
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.4%32
10-Year IRR
10.2%
Returns Index
17.0/ 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
$23,520/yr
NOI
$13,963/yr
Net Cash Flow
-$631/mo
Cash Margin
-32.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
31.9/ 100

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

Comparables

Properties near 3085 Riverside Drive 212

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.