383 Cumberland Street 505, Lower Town - Sandy Hill

$249,900
383 Cumberland Street 505

$249,900

New
22d
Condo ApartmentApartment

383 Cumberland Street 505, Lower Town - Sandy Hill

Total Monthly Obligation $1,870

Beds
1
Baths
1
Park
0
Sqft
0-499
DOM
22d
Score
29
Yield
9.8%
Cash on Cash
6.9%
Cap Rate
6.1%
5Y IRR
21.1%
10Y IRR
19.2%
Property Type-Condo Apartment
MLS® Number-X13847322
Beds-1
Bathrooms-1
Size-0-499 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$2,270 (2025)
Maintenance-$472.69/mo
Locker-Owned
Parking-None
Basement-None
Heating-Heat Pump (Gas)
Brokerage-HOUSESIGMA INC
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Tar and Gravel
Foundation-Concrete
Possession-FLEX
Neighbourhood-4001 - Lower Town/Byward Market
Title-Residential Condo & Other

No agent assigned

This bright, beautifully updated condo delivers modern finishes, incredible natural light and an unbeatable location in the heart of Ottawa's ByWard Market. The desirable east-facing exposure is a standout, offering expansive city views while facing away from the busier street frontage for a quieter setting. Floor-to-ceiling windows stretch across the main living area and bedroom, filling the unit with morning sun and creating a bright, open feel throughout. Step outside onto the impressive nearly 30-foot-long balcony, providing exceptional outdoor living space with plenty of room to relax, entertain or enjoy your morning coffee overlooking the city.Inside, extensive updates make this unit truly move-in ready. The brand-new kitchen features light oak cabinetry, a crisp white tile backsplash, generous workspace and brand-new stainless steel appliances. New luxury vinyl plank flooring runs throughout the unit for a clean, contemporary finish. The open-concept living and dining space flows naturally from the kitchen and provides direct access to the balcony. The spacious bedroom features its own floor-to-ceiling windows, a large closet with excellent storage and a sliding privacy door, allowing you to easily separate the bedroom from the main living area when desired. The full bathroom offers a tub/shower combination with a tiled surround, while convenient in-unit laundry adds everyday practicality. Residents also enjoy excellent building amenities including a well-equipped fitness room with cardio and weight equipment, party room and outdoor common patio with BBQs. Leave the car behind and enjoy one of Ottawa's most walkable locations, just steps from grocery stores, restaurants, cafés, shopping, nightlife, transit and the University of Ottawa. An excellent opportunity for first-time buyers, investors, students or parents looking for an alternative to the high cost of university residence. Modern, bright, updated and exceptionally well located!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$199,920
Land Transfer Taxes$2,224
Legal Fees (Est.)
$
Total cash required for closing$53,704

Total Monthly Obligation

$1,870/mo
Mortgage $1,008
Monthly Loss $1,605
Principal$265
Interest$743
Property Tax$189
Condo Fees$473
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.7%34
Cash-on-Cash
-0.8%6
5-Year IRR
15.5%74
10-Year IRR
15.3%
Returns Index
38.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
29/ 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
$24,456/yr
NOI
$11,668/yr
Net Cash Flow
-$36/mo
Cash Margin
-1.8%3
Cash Flow Index
3.4/ 100
Risk Profile
Weight: 20%
DSCR
0.9624
LTV Ratio
80.0%18
Vacancy Buffer
5.1 mo84
Risk Index
42.1/ 100

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

Comparables

Properties near 383 Cumberland Street 505

Time

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