796 Mikinak Road 154, Manor Park - Cardinal Glen and Area

$465,000
796 Mikinak Road 154

$465,000

New
2d
Condo TownhouseStacked Townhouse

796 Mikinak Road 154, Manor Park - Cardinal Glen and Area

Total Monthly Obligation $2,846

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
2d
Score
19
Yield
6.1%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.2%
Property Type-Condo Townhouse
MLS® Number-X14105170
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 21, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Taxes-$4,280.3 (2026)
Maintenance-$413.31/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Brick, Stone
Possession-Flexible/Dec 1 or later
Neighbourhood-3104 - CFB Rockcliffe and Area
Title-Residential Condo & Other

No agent assigned

Morning coffee on your bedroom balcony. Dinner on the rooftop. A fireplace waiting when the weather turns. This 2 bedroom, 1.5 bathroom upper condo in Wateridge Village makes the most of its space, with distinct places to gather, unwind and enjoy the outdoors. The kitchen pairs soft grey cabinetry with stone countertops, stainless steel appliances, a subway tile backsplash and a generous peninsula with seating. Pendant lighting and pot lights brighten the workspace, while dark flooring carries through the open living and dining areas. There's room for a full dining table, a sleek electric fireplace anchors the living room, and a tucked-away powder room adds everyday convenience. Upstairs, the primary bedroom features a private balcony, walk-in closet and direct access to the full bathroom with double sinks. A second bedroom and laundry complete the bedroom level. Above it all, the spacious rooftop terrace offers room for both a dining set and lounge furniture, creating an outdoor extension of your home with open neighbourhood views. One outdoor parking space included. Enjoy Wateridge's parks and nearby Ottawa River pathways, with Montfort Hospital, Beechwood Village and downtown within easy reach.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$372,000
Land Transfer Taxes$5,775
Legal Fees (Est.)
$
Total cash required for closing$100,275

Total Monthly Obligation

$2,846/mo
Mortgage $1,876
Monthly Loss $2,352
Principal$494
Interest$1,382
Property Tax$357
Condo Fees$413
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.9%28
10-Year IRR
9.9%
Returns Index
15.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$28,200/yr
NOI
$13,740/yr
Net Cash Flow
-$731/mo
Cash Margin
-31.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo57
Risk Index
27.6/ 100

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

Comparables

Properties near 796 Mikinak Road 154

Time

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