1490 Heron Road 309, Hunt Club - South Keys and Area

$249,900
1490 Heron Road 309

$249,900

Extension
327d
Condo ApartmentApartment

1490 Heron Road 309, Hunt Club - South Keys and Area

Total Monthly Obligation $1,983

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
327d
Score
23
Yield
9.0%
Cash on Cash
0.9%
Cap Rate
4.8%
5Y IRR
16.3%
10Y IRR
15.2%
Property Type-Condo Apartment
MLS® Number-X12588568
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Nov 30, 2025
Style-Apartment
Building Type-Condo Apartment
Taxes-$1,872 (2025)
Maintenance-$618.88/mo
Locker-None
Parking-1 - Surface
Basement-None
Heating-Baseboard (Electric)
Brokerage-FIDACITY REALTY
Cooling-None
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-60 Days +
Neighbourhood-3802 - Heron Gate
Title-Residential Condo & Other

No agent assigned

Welcome to this fantastic 2-bedroom, 2-bathroom condo with COVERED PARKING -perfect for investors and first-time home buyers! Offering a spacious layout and an oversized balcony, this home strikes the ideal balance of comfort and convenience. Situated in a quiet, low-rise building with keyless entry and 24-hour video surveillance, the unit features a bright living room filled with natural light from a large window, plus a generous storage closet. The primary bedroom includes its own ensuite bathroom and walk-in closet. Ideally located, you'll enjoy easy access to public transit, nearby restaurants, and essential amenities. Its close proximity to the Ottawa Hospital and Carleton University makes it an excellent option for students or investors. One covered parking space is included.

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

Closing Costs

Mortgage Amount
$199,920
Land Transfer Taxes$2,224
Legal Fees (Est.)
$
Total cash required for closing$53,704

Total Monthly Obligation

$1,983/mo
Mortgage $1,008
Monthly Loss $1,718
Principal$265
Interest$743
Property Tax$156
Condo Fees$619
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.6%2
5-Year IRR
11.0%42
10-Year IRR
11.8%
Returns Index
21.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$22,488/yr
NOI
$8,541/yr
Net Cash Flow
-$296/mo
Cash Margin
-15.8%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo81
Risk Index
36.5/ 100

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

Comparables

Properties near 1490 Heron Road 309

Time

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Data last updated within the past 24 hours.