1500 Riverside Drive 2408, Alta Vista and Area

$595,000
1500 Riverside Drive 2408

$595,000

Price Change
39d
Condo Apartment1 Storey/Apt

1500 Riverside Drive 2408, Alta Vista and Area

Total Monthly Obligation $4,267

Beds
2
Baths
2
Park
1
Sqft
1400-1599
DOM
39d
Score
20
Yield
7.9%
Cash on Cash
-1.6%
Cap Rate
4.2%
5Y IRR
14.3%
10Y IRR
13.6%
Property Type-Condo Apartment
MLS® Number-X13780820
Beds-2
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Sep 14, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$4,675 (2026)
Maintenance-$1,277.69/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete Block
Possession-Flexible
Neighbourhood-3602 - Riverview Park
Title-Residential Condo & Other

No agent assigned

Resort-style luxury meets high-floor skyline views at The Riviera (1500 Riverside Drive). Positioned on the 24th floor, this rare 2-bedroom, 2-bathroom suite combines high-end custom craftsmanship with Ottawa's premier gated community lifestyle. The sprawling open-concept living area features rich hardwood floors, floor-to-ceiling panoramic windows, and a dramatic stacked-stone feature wall with integrated pot lighting. A chef-inspired kitchen offers a massive quartz entertainment island, glass canopy range hood, and custom full-height pantry storage.The primary retreat boasts mirrored doors opening into an extensive custom walk-in closet with built-in dark wood drawers and tailored shelving, leading to a spa ensuite equipped with a multi-jet rainfall body shower that is also a steam sauna and quartz vanity. A spacious second bedroom and renovated full guest bath provide ideal flexibility for guests or a dedicated home office. Complete with in-suite laundry, underground parking, and resort amenities including 24/7 gated security, indoor and outdoor pools, fitness center, tennis courts, and saunas, all steps from Hurdman LRT, Rideau River trails, and Train Yards.

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

Closing Costs

Mortgage Amount
$476,000
Land Transfer Taxes$8,375
Legal Fees (Est.)
$
Total cash required for closing$128,875

Total Monthly Obligation

$4,267/mo
Mortgage $2,400
Monthly Loss $3,636
Principal$632
Interest$1,768
Property Tax$390
Condo Fees$1,278
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.7%40
10-Year IRR
11.4%
Returns Index
21.0/ 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
$47,280/yr
NOI
$20,145/yr
Net Cash Flow
-$721/mo
Cash Margin
-18.3%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
21.1/ 100

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

Comparables

Properties near 1500 Riverside Drive 2408

Time

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