2871 Richmond Road W 1213, Britannia Heights - Queensway Terrace N and Area

$304,900
2871 Richmond Road W 1213

$304,900

New
51d
Condo Apartment1 Storey/Apt

2871 Richmond Road W 1213, Britannia Heights - Queensway Terrace N and Area

Total Monthly Obligation $2,479

HausQ Valuation Report
Beds
2
Baths
2
Park
3
Sqft
900-999
DOM
51d
Score
20
Yield
8.7%
Cash on Cash
-2.4%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Condo Apartment
MLS® Number-X13735318
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 2, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$2,645 (2025)
Maintenance-$829/mo
Locker-None
Parking-1 - Underground
Basement-Full
Heating-Heat Pump (Electric)
Brokerage-IDEAL PROPERTIES REALTY
Cooling-Other
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Possession-Immediate
Neighbourhood-6201 - Britannia Heights
Title-Residential Condo & Other

No agent assigned

The apartment has been rented! The buyers must assume the tenant. Welcome to Marina Bay! This bright and spacious 2-bedroom, 2-bathroom condo features an open-concept layout with hardwood floors, a sun-filled solarium, a functional kitchen, in-unit laundry, and underground parking. The primary suite includes double closets and a private ensuite. Enjoy resort-style amenities including an outdoor pool, hot tub, sauna, fitness centre, squash court, party room, library, and rooftop terrace. Ideally located near Bayshore Shopping Centre, Queensway Carleton Hospital, DND, transit, parks, and all major amenities-offering the perfect blend of comfort, convenience, and lifestyle.

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

Closing Costs

Mortgage Amount
$243,920
Land Transfer Taxes$3,049
Legal Fees (Est.)
$
Total cash required for closing$65,529

Total Monthly Obligation

$2,479/mo
Mortgage $1,230
Monthly Loss $2,156
Principal$324
Interest$906
Property Tax$220
Condo Fees$829
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.1%1
5-Year IRR
9.0%29
10-Year IRR
10.3%
Returns Index
15.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$26,400/yr
NOI
$8,767/yr
Net Cash Flow
-$499/mo
Cash Margin
-22.7%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
30.5/ 100

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

Comparables

Properties near 2871 Richmond Road W 1213

Time

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Data last updated within the past 24 hours.