179 George Street 1007, Lower Town - Sandy Hill

$389,000
179 George Street 1007

$389,000

New
31d
Condo ApartmentMulti-Level

179 George Street 1007, Lower Town - Sandy Hill

Total Monthly Obligation $2,915

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
31d
Score
16
Yield
6.3%
Cash on Cash
-10.1%
Cap Rate
2.4%
5Y IRR
7.6%
10Y IRR
8.4%
Property Type-Condo Apartment
MLS® Number-X13813064
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 22, 2026
Style-Multi-Level
Building Type-Condo Apartment
Taxes-$4,025.88 (2026)
Maintenance-$810.5/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-Flexible
Neighbourhood-4002 - Lower Town
Title-Residential Condo & Other

No agent assigned

Vibrant urban energy defines Ottawa's celebrated Lower Town district, where historic charm effortlessly pairs with contemporary downtown living. Perched on the 10th level of a modern concrete and brick high-rise, this light-filled 1-bedroom condo offers open-concept loft design highlighting exposed concrete ceilings and southwest exposure. Blonde, carpet-free hardwood floors extend through the main living and dining spaces, framed by floor-to-ceiling windows that draw in sun and reveal cityscape views. The functional kitchen showcases warm wood cabinetry, rich granite countertops, a tiled backsplash, and stainless steel appliances, alongside a flexible center prep island illuminated by industrial-inspired light fixtures. A sliding frosted glass wall panel partitions the main living zone from a versatile flex room-ideal for a dedicated home workspace, media lounge, or guest room. The primary suite connects seamlessly to the 3-piece bathroom, which features tile flooring, a deep tub/shower, granite-topped vanity, and convenient in-suite laundry. Step out to the terrace balcony to take in views of the skyline. Complete with an owned underground parking space and private storage locker, this home delivers complete urban ownership comfort. Residents enjoy access to on-site building amenities, including a fitness facility, party room with outdoor terrace, and guest accommodations. Positioned steps from ByWard Market's renowned dining, boutiques, Rideau Centre shopping, and transit options, this property presents an exceptional turn-key opportunity in the center of the city.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$311,200
Land Transfer Taxes$4,310
Legal Fees (Est.)
$
Total cash required for closing$83,610

Total Monthly Obligation

$2,915/mo
Mortgage $1,569
Monthly Loss $2,502
Principal$413
Interest$1,156
Property Tax$335
Condo Fees$811
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.5%10
Cash-on-Cash
-15.5%0
5-Year IRR
4.0%8
10-Year IRR
6.4%
Returns Index
5.3/ 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
$24,432/yr
NOI
$5,837/yr
Net Cash Flow
-$1,083/mo
Cash Margin
-53.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.312
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
25.6/ 100

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

Comparables

Properties near 179 George Street 1007

Time

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