2400 Virginia Drive 509, Alta Vista and Area

$289,900
2400 Virginia Drive 509

$289,900

New
24d
Condo ApartmentApartment

2400 Virginia Drive 509, Alta Vista and Area

Total Monthly Obligation $2,292

Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
24d
Score
22
Yield
8.9%
Cash on Cash
0.3%
Cap Rate
4.6%
5Y IRR
15.8%
10Y IRR
14.8%
Property Type-Condo Apartment
MLS® Number-X13839068
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Sep 29, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,244.88 (2026)
Maintenance-$735.06/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Water (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-3609 - Guildwood Estates - Urbandale Acres
Title-Residential Condo & Other

No agent assigned

Enjoy an affordable lifestyle at The Renaissance in a carpet-free, freshly painted, all-inclusive condo in Alta Vista. INCLUDED in the condo fees are heat, hydro and water, allowing for convenient and predictable budgeting. This 2-bedroom, 1-bathroom unit is extremely functional - the expansive living room opens onto the covered balcony, allowing tons of natural light to shine in and providing protection from rain. A formal dining space adjacent to the galley kitchen is perfect for serving meals. Both bedrooms are generously sized with large windows and mirrored closets. Residents can take advantage of the building's amenities, including a sparkling laundry room, a party room with a piano and kitchen facilities, separate men's and women's fitness areas with bathrooms, showers, and saunas, a bike room, a library, and even a guest suite for friends and family. Set in a mature residential area surrounded by parks and green space, but you are still only within a 10-minute walk to Food Basics or PetsMart. Easy access to public transit, shopping, restaurants, schools (public and catholic), the Ottawa Hospital campus, and community activities. This is an excellent opportunity for anyone seeking a spacious condo with plenty of amenities and a great sense of community! This building is pet-friendly (with restrictions of up to 40 pounds) Unit includes 1 parking and 1 storage locker.

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

Closing Costs

Mortgage Amount
$231,920
Land Transfer Taxes$2,824
Legal Fees (Est.)
$
Total cash required for closing$62,304

Total Monthly Obligation

$2,292/mo
Mortgage $1,169
Monthly Loss $1,984
Principal$308
Interest$862
Property Tax$187
Condo Fees$735
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.7%2
5-Year IRR
10.9%42
10-Year IRR
11.7%
Returns Index
21.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$25,920/yr
NOI
$9,862/yr
Net Cash Flow
-$348/mo
Cash Margin
-16.1%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo72
Risk Index
33.4/ 100

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

Comparables

Properties near 2400 Virginia Drive 509

Time

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