997 North River Road 101C, Overbrook - Castleheights and Area

$599,000
997 North River Road 101C

$599,000

New
32d
Condo Apartment1 Storey/Apt

997 North River Road 101C, Overbrook - Castleheights and Area

Total Monthly Obligation $4,226

Beds
2
Baths
2
Park
2
Sqft
1200-1399
DOM
32d
Score
16
Yield
6.6%
Cash on Cash
-6.9%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.3%
Property Type-Condo Apartment
MLS® Number-X13811160
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 21, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$4,847 (2026)
Maintenance-$1,205.69/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Wood Stove
Pool-None
Exterior-Brick
Possession-Mid November
Neighbourhood-3501 - Overbrook
Title-Residential Condo & Other

No agent assigned

Welcome to 997 North River Road. This spacious and fully renovated flat is a truly unique offering, full of natural light, tasteful finishes, and warm palette. Enjoy the benefits of condo living without sacrificing outdoor space, and bonus direct inside access via garage with TWO parking spaces, storage locker, and a beautiful private garden right through your front door. The generous 1330sqft interior features open living areas, yet well defined and versatile. A large living room flows with wood burning fireplace flows easily into dining room, and connects to the pristine and updated custom kitchen, not lacking for space and cabinetry, with high end stainless steel appliances. Also note continuous hardwood throughout, with efficient in floor radiant heating! The primary bedroom area is very well proportioned, and features custom wall to wall closets, and a large crisp en suite bathroom. The second bedroom works as an office or nice guest bedroom, with another full bathroom adjacent, nicely separated from the rest of the living space. Both the foyer and mudroom are nicely scaled and set back from the living areas, similar more to a bungalow than a condo. Direct access to the mudroom right from the first parking space is a game changer, especially in winter, and avoids the trek to a separate foyer or elevator. With beautiful southwest light exposure, and steps from Riverain Park, RSC, Strathcona footbridge, and all of your downtown amenities, this one is an easy choice. Don't miss out on this rare gem. Book your showing today!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$4,226/mo
Mortgage $2,416
Monthly Loss $3,590
Principal$636
Interest$1,780
Property Tax$404
Condo Fees$1,206
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.6%0
5-Year IRR
6.9%18
10-Year IRR
8.5%
Returns Index
10.0/ 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
$39,708/yr
NOI
$14,022/yr
Net Cash Flow
-$1,248/mo
Cash Margin
-37.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
19.5/ 100

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

Comparables

Properties near 997 North River Road 101C

Time

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Data last updated within the past 24 hours.