3085 Riverside Drive 306, Billings Bridge - Riverside Park and Area

$614,900
3085 Riverside Drive 306

$614,900

New
2d
Condo ApartmentApartment

3085 Riverside Drive 306, Billings Bridge - Riverside Park and Area

Total Monthly Obligation $3,199

Beds
1
Baths
1
Park
1
Sqft
800-899
DOM
2d
Score
17
Yield
4.2%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.9%
Property Type-Condo Apartment
MLS® Number-X14102942
Beds-1
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Age-New
Maintenance-$518.99/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

Welcome to The Docks, Ottawa's newest boutique waterfront community. This thoughtfully designed 1-bedroom + den suite faces Riverside Drive and Mooney's Bay, offering exceptional river views and modern, low-maintenance living. Step outside to enjoy year-round lifestyle amenities at Mooney's Bay, or relax on your private 92 sq ft balcony. Features include a functional layout, in-suite laundry closet, and stylish contemporary finishes-ideal for young professionals or downsizers. Centrally located within 15 minutes of major hospitals, Ottawa International Airport, Preston Street, Lansdowne, and the ByWard Market, perfectly balancing urban convenience with a tranquil waterfront setting.

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

Closing Costs

Mortgage Amount
$491,920
Land Transfer Taxes$8,773
Legal Fees (Est.)
$
Total cash required for closing$133,253

Total Monthly Obligation

$3,199/mo
Mortgage $2,480
Monthly Loss $2,547
Principal$653
Interest$1,828
Condo Fees$519
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.6%0
5-Year IRR
6.5%16
10-Year IRR
7.9%
Returns Index
9.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$25,596/yr
NOI
$14,409/yr
Net Cash Flow
-$1,280/mo
Cash Margin
-60.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.4/ 100

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

Comparables

Properties near 3085 Riverside Drive 306

Time

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Data last updated within the past 24 hours.