290 Cathcart Street 6, Lower Town - Sandy Hill

$559,900
290 Cathcart Street 6

$559,900

New
43d
Condo Townhouse3-Storey

290 Cathcart Street 6, Lower Town - Sandy Hill

Total Monthly Obligation $3,155

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
43d
Score
19
Yield
5.6%
Cash on Cash
-3.4%
Cap Rate
3.9%
5Y IRR
12.9%
10Y IRR
12.5%
Property Type-Condo Townhouse
MLS® Number-X13769456
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 10, 2026
Style-3-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$4,096 (2025)
Maintenance-$354.96/mo
Locker-None
Parking-1 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-Yes
Fireplace-Wood
Pool-None
Exterior-Brick, Wood
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-30-59 days
Neighbourhood-4002 - Lower Town
Title-Residential Condo & Other

No agent assigned

Discover a truly distinctive multi-level loft-style home in the heart of Lowertown - where architectural character, sophisticated urban living, and an extraordinary connection to nature come together. One of the property's most exceptional qualities is its beautiful outlook over Bordeleau Park and proximity to the Rideau River. Few homes in Ottawa offer this unique combination of green space and waterfront living while also placing the ByWard Market, Rideau Hall, Parliament Hill, Global Affairs, restaurants, museums, shopping and transit within easy walking distance. Inside, approximately 1,277 sq ft. of finished living space offers 2 bedrooms plus a den/office/flex space, 1.5 baths and an impressive open-concept living area with a cathedral ceiling and skylight. The multi-level layout creates a wonderful sense of space and privacy, complemented by a custom Scandinavian inspired loft retreat , substantial integrated storage and a professionally finished four-season den/home office with wall to wall windows that can easily serve as a bedroom, studio or lounge. Distinctive details include natural slate flooring, architectural character and an authentic, fully functional wood-burning fireplace that adds warmth and ambiance. Garage parking is conveniently located directly across from the front entrance. Step outside and the lifestyle becomes even more compelling. With the park and river just steps away, enjoy kayaking, canoeing, paddle boarding, cycling and walking trails, tennis, the dog park, playground, splash pad, boat launch and scenic riverside pathways. Rideau Hall, Rideau Falls and the confluence of the Rideau and Ottawa Rivers are all nearby. This is more than city life-it is a rare opportunity to enjoy "country living in the heart of the city," with nature and recreation at your doorstep and Ottawa's cultural and civic centre just moments away. A truly special home for those seeking character, convenience and a lifestyle that few properties can replicate.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$447,920
Land Transfer Taxes$7,673
Legal Fees (Est.)
$
Total cash required for closing$121,153

Total Monthly Obligation

$3,155/mo
Mortgage $2,258
Monthly Loss $2,560
Principal$594
Interest$1,664
Property Tax$341
Condo Fees$355
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.5%32
10-Year IRR
10.3%
Returns Index
17.2/ 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
$31,500/yr
NOI
$17,594/yr
Net Cash Flow
-$792/mo
Cash Margin
-30.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo51
Risk Index
25.8/ 100

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

Comparables

Properties near 290 Cathcart Street 6

Time

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