225 Alvin Road 611, Manor Park - Cardinal Glen and Area

$260,000
225 Alvin Road 611

$260,000

New
30d
Condo Apartment1 Storey/Apt

225 Alvin Road 611, Manor Park - Cardinal Glen and Area

Total Monthly Obligation $1,963

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
30d
Score
27
Yield
9.5%
Cash on Cash
4.9%
Cap Rate
5.6%
5Y IRR
19.5%
10Y IRR
17.9%
Property Type-Condo Apartment
MLS® Number-X13820994
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 23, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$2,333.92 (2026)
Maintenance-$519.93/mo
Locker-Exclusive
Parking-1 - Surface
Basement-None
Heating-Baseboard (Electric)
Brokerage-COLDWELL BANKER SARAZEN REALTY
Cooling-None
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-60 days min
Neighbourhood-3102 - Manor Park
Title-Residential Condo & Other

No agent assigned

Reasonable price and reasonable condo fees. Don't miss your opportunity to purchase this affordable home/rental unit at 225 Alvin Rd in Manor Park. The property backs onto public land and green space and is a quick walk, bike, or drive to many parks, schools, and other amenities. Great for those who like to get outside and be close to the Ottawa River. The property also offers quick access to St Laurent Blvd, Promenade Etienne Cartier, Aviation Parkway and downtown Ottawa. Inside, you'll discover a bright and open-concept living and dining area with eat-in kitchen, large bay window, ample cabinetry and in-suite laundry. The bedroom features a four-piece bathroom, closet, and plenty of space for your furniture. The unit also comes with a parking space and a dedicated storage locker. Owners can also enjoy the exclusive use of several amenities - gym, sauna, party room, rooftop deck, guest lounge area and community barbecue. The Lancaster has the right price, the right amenities, and the right location for your first home or investment.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$208,000
Land Transfer Taxes$2,375
Legal Fees (Est.)
$
Total cash required for closing$55,875

Total Monthly Obligation

$1,963/mo
Mortgage $1,049
Monthly Loss $1,687
Principal$276
Interest$773
Property Tax$194
Condo Fees$520
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.6%4
5-Year IRR
14.1%65
10-Year IRR
14.2%
Returns Index
33.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 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
$24,588/yr
NOI
$11,156/yr
Net Cash Flow
-$119/mo
Cash Margin
-5.8%2
Cash Flow Index
1.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8919
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo81
Risk Index
39.5/ 100

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

Comparables

Properties near 225 Alvin Road 611

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.