1321 Rideout Crescent, Parkway Park - Queensway Terrace S and Area

$829,900
1321 Rideout Crescent

$829,900

New
36d
DetachedBungalow

1321 Rideout Crescent, Parkway Park - Queensway Terrace S and Area

Total Monthly Obligation $4,133

Beds
5
Baths
2
Park
4
Sqft
1100-1500
DOM
36d
Score
16
Yield
3.5%
Cash on Cash
-9.1%
Cap Rate
2.6%
5Y IRR
8.5%
10Y IRR
9.0%
Property Type-Detached
MLS® Number-X13796838
Beds-5
Bathrooms-2
Size-1100-1500 sqft
Lot Size-54 × 97.9 ft
Listed on site-Sep 17, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,923.05 (2026)
Parking-6 - Detached
Basement-Full, Finished
Heating-Heat Pump (Electric)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-6304 - Parkway Park
Title-Residential Freehold

No agent assigned

Welcome to this beautifully renovated bungalow in Ottawa's desirable Parkway Park neighbourhood, offering exceptional flexibility for families, investors, or buyers looking to help offset their mortgage costs. Completely updated and truly move-in ready, this home requires absolutely nothing to do but unpack and enjoy. The bright and inviting main level features 3 bedrooms, a full bathroom, and comfortable, modern living spaces. Downstairs, the fully finished lower level offers incredible versatility with 2 additional bedrooms, a full kitchen, bathroom, laundry room, and separate living space. Whether you're looking for multi-generational living, private accommodations for extended family, potential rental income, or an investment opportunity, the layout provides plenty of options to suit your needs. For added comfort and efficiency, each level is equipped with its own brand-new heat pump, providing independent heating and cooling throughout the home. Outside, enjoy a large backyard with plenty of room to relax, entertain, or play, along with a beautiful storage shed. The detached garage is another standout feature, offering its own electrical service and generous space for vehicles, tools, recreational equipment, and additional storage. Thoughtfully renovated from top to bottom, this property combines modern finishes, functionality, and income potential in one fantastic package. A turnkey opportunity in an established Ottawa neighbourhood-just move in and start enjoying everything this versatile home has to offer!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$663,920
Land Transfer Taxes$13,073
Legal Fees (Est.)
$
Total cash required for closing$180,553

Total Monthly Obligation

$4,133/mo
Mortgage $3,348
Monthly Loss $3,252
Principal$881
Interest$2,467
Property Tax$410
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.1%0
5-Year IRR
5.3%12
10-Year IRR
7.0%
Returns Index
7.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$29,160/yr
NOI
$16,821/yr
Net Cash Flow
-$1,946/mo
Cash Margin
-80.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.423
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo37
Risk Index
19.7/ 100

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

Comparables

Properties near 1321 Rideout Crescent

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.