2871 Richmond Road 1002, Britannia Heights - Queensway Terrace N and Area

$365,000
2871 Richmond Road 1002

$365,000

New
36d
Condo ApartmentApartment

2871 Richmond Road 1002, Britannia Heights - Queensway Terrace N and Area

Total Monthly Obligation $2,740

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
36d
Score
19
Yield
7.6%
Cash on Cash
-3.9%
Cap Rate
3.7%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Condo Apartment
MLS® Number-X13795546
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 17, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,805 (2026)
Maintenance-$834.01/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-SUTTON GROUP - OTTAWA REALTY
Cooling-Other
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-6201 - Britannia Heights
Title-Residential Condo & Other

No agent assigned

Enjoy views of the Ottawa River and Gatineau Hills from this beautifully renovated and turn-key two bedroom condo! Flooded with natural light and a tasteful open-concept redesign, you'll enjoy a beautiful kitchen (2019) with quartz countertops, luxury vinyl plank, ample storage space, breakfast island with seating flowing seamlessly into the dedicated dining and living space and a cozy nook to enjoy lovely seasonal views all year long. Completely carpet-free, the remainder of the condo boasts engineered hardwood throughout. Large primary bedroom with walk-through closet to updated powder room ensuite (2022) with hand glazed porcelain tile, a second bedroom perfect for guests or an office and (another!) fully renovated full bathroom (2022) with quartz countertops and slate flooring. In-suite laundry room doubles as added storage and pantry space. Heat pump replaced 2020. This is a peaceful retreat in popular Marina Bay with nothing left to do but unpack and relax. One dedicated underground parking space and storage locker included. The building amenities are plentiful; outdoor pool, exercise room, yoga studio, squash courts, billiards and party room, plus ample visitor parking for guests both in the front and rear. All of this in the heart of the city close to Britannia Beach, Andrew Haydon Park, kms of biking/walking trails, Bayshore, IKEA, Farm Boy, restaurants & more! Public transit easily accessible, nearby to the upcoming Pinecrest LRT station plus quick access to the 417 makes commuting or exploring a breeze.

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

Closing Costs

Mortgage Amount
$292,000
Land Transfer Taxes$3,950
Legal Fees (Est.)
$
Total cash required for closing$78,450

Total Monthly Obligation

$2,740/mo
Mortgage $1,472
Monthly Loss $2,353
Principal$387
Interest$1,085
Property Tax$234
Condo Fees$834
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
8.3%25
10-Year IRR
9.7%
Returns Index
13.5/ 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
$27,912/yr
NOI
$9,908/yr
Net Cash Flow
-$647/mo
Cash Margin
-27.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
28.0/ 100

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

Comparables

Properties near 2871 Richmond Road 1002

Time

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