1025 Richmond Road 704, Woodroffe

$366,000
1025 Richmond Road 704

$366,000

Price Change
84d
Condo ApartmentApartment

1025 Richmond Road 704, Woodroffe

Total Monthly Obligation $2,938

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
84d
Score
19
Yield
8.4%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Condo Apartment
MLS® Number-X13624642
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Jul 31, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$3,075 (2026)
Maintenance-$1,005.07/mo
Locker-Exclusive
Parking-1 - Underground
Basement-Finished
Heating-Baseboard (Electric)
Brokerage-EXP REALTY
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete Poured
Roof-Membrane
Foundation-Concrete
Possession-Flexible
Neighbourhood-6001 - Woodroffe
Title-Residential Condo & Other

No agent assigned

Experience the best of riverfront condo living in Ottawa West at Park Place.Welcome to this bright and spacious 2-bedroom condominium on the 7th floor, offering spectacular west-facing views of the Ottawa River & breathtaking sunsets from your private balcony. Nestled in the highly sought-after communities of Westboro & Highland Park, Park Place is renowned for its beautifully landscaped gardens, scenic riverside walking paths, friendly social atmosphere, & exceptional lifestyle.This thoughtfully renovated unit is filled with natural light from oversized windows & features a stylish updated kitchen, renovated bathrooms, & modern flooring throughout. The spacious living area opens onto a generous private balcony-perfect for relaxing & enjoying the view. Recent upgrades include beautifully renovated bathrooms with shower (2025), new flooring in the primary bedroom (2025), & newer kitchen cabinetry, setting this home apart from other recently sold units in the building. Residents enjoy an impressive selection of well-maintained amenities, including an indoor pool, sauna, fitness centre, tennis/pickleball court, party room, beautifully landscaped gardens, & underground parking. Condo fees include heat, hydro, water, building insurance, maintenance of common elements, & full access to all building amenities, providing exceptional value & worry-free living. Ideally located just steps from the newly built & soon to be completed LRT station, this condo offers effortless access to downtown Ottawa, scenic riverfront trails, Village Farmer's Market, Carlingwood Shopping Centre, & some of the city's finest dining, & entertainment establishments. Highlights: Underground Parking: #135, Storage Locker: #146 (Room 7) Laundry room conveniently located across the hall on the 7th floor. Don't miss this opportunity to own a condo in Ottawa's most desirable neighbourhoods. Priced to sell-reserve your showing today! Ask for the floor plans. Hurry!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$292,800
Land Transfer Taxes$3,965
Legal Fees (Est.)
$
Total cash required for closing$78,665

Total Monthly Obligation

$2,938/mo
Mortgage $1,476
Monthly Loss $2,549
Principal$388
Interest$1,088
Property Tax$256
Condo Fees$1,005
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
8.5%26
10-Year IRR
9.8%
Returns Index
13.8/ 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
$30,564/yr
NOI
$9,972/yr
Net Cash Flow
-$645/mo
Cash Margin
-25.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
26.5/ 100

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

Comparables

Properties near 1025 Richmond Road 704

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Data last updated within the past 24 hours.