397 Codds Road 205, Manor Park - Cardinal Glen and Area

$349,900
397 Codds Road 205

$349,900

New
23d
Condo ApartmentApartment

397 Codds Road 205, Manor Park - Cardinal Glen and Area

Total Monthly Obligation $2,305

Beds
1
Baths
1
Park
1
Sqft
500-599
DOM
23d
Score
20
Yield
6.6%
Cash on Cash
-3.2%
Cap Rate
3.9%
5Y IRR
13.0%
10Y IRR
12.6%
Property Type-Condo Apartment
MLS® Number-X13842982
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,325 (2025)
Maintenance-$416.2/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-60+ days to be determined
Neighbourhood-3104 - CFB Rockcliffe and Area
Title-Residential Condo & Other

No agent assigned

That view! This bright and beautifully finished one-bedroom condo enjoys a truly special west-facing exposure overlooking the park and green space, with gorgeous afternoon and evening sun and a peaceful outlook that is hard to find in condo living. Inside, the open-concept layout feels fresh, modern and surprisingly spacious, with wide-plank flooring, a stylish white kitchen featuring quartz countertops, sleek cabinetry, contemporary backsplash and stainless steel appliances. The living and dining space is flooded with natural light and opens onto a private balcony where you can sit back and enjoy that beautiful park view. The spacious bedroom is bright and inviting, while in-unit laundry adds everyday convenience. Even better, this unit includes both a storage locker and underground parking, an increasingly sought-after feature as many of the newer low-rise condos being built in the area offer surface parking only. Set in an incredible central location, you can enjoy parks and green space right outside your door while remaining minutes from transit, shopping, restaurants, Montfort Hospital, La Cité, CMHC and downtown. Clean, bright and move-in ready with flexible possession available. Whether you're a first-time buyer, young professional, downsizer or investor, this is an easy condo to love and a view you'll never get tired of coming home to.

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

Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$2,305/mo
Mortgage $1,411
Monthly Loss $1,933
Principal$371
Interest$1,040
Property Tax$277
Condo Fees$416
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-9.0%1
5-Year IRR
8.8%28
10-Year IRR
9.9%
Returns Index
15.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$23,208/yr
NOI
$10,168/yr
Net Cash Flow
-$564/mo
Cash Margin
-29.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo72
Risk Index
32.3/ 100

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

Comparables

Properties near 397 Codds Road 205

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.