268 First Avenue 1C, Glebe - Ottawa East and Area

$399,900
268 First Avenue 1C

$399,900

New
21d
Condo ApartmentApartment

268 First Avenue 1C, Glebe - Ottawa East and Area

Total Monthly Obligation $2,361

Beds
1
Baths
1
Park
0
Sqft
0-499
DOM
21d
Score
19
Yield
5.5%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.6%
Property Type-Condo Apartment
MLS® Number-X13854848
Beds-1
Bathrooms-1
Size-0-499 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$2,719.37 (2025)
Maintenance-$321.59/mo
Locker-Exclusive
Parking-None
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Window Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Foundation-Concrete
Possession-Flexible
Neighbourhood-4401 - Glebe
Title-Residential Condo & Other

No agent assigned

STUDENTS/ INVESTORS : Unique Glebe Opportunity! Vacant and easy to show! Located in a quiet boutique building of only 17 units, this inviting and intimate 1-bedroom, 1-bath condo offers thoughtfully designed living within a beautiful heritage building originally built in 1914 and converted into condominiums in 2000. Bright oversized windows, hardwood floors, and an open-concept layout fill the space with natural light and warmth year-round, while the Murphy bed with custom built-ins allows for flexible use of the space. An ideal option for downsizers, first-time buyers, or those living in the Glebe who want or need accessible space nearby for a parent, adult child, nanny, or caregiver - while still maintaining independence and privacy. Perfect for simple main-floor living. Features include a stainless steel countertop, window A/C unit, in-suite laundry. Combined property taxes and condo fees of just $548.20/month - offers an attractive alternative to renting while building long-term equity in one of Ottawa's most sought-after neighbourhoods. Enjoy an unbeatable walkable lifestyle just one block from Bank Street and moments to the Rideau Canal, Lansdowne, parks, cafés, shopping, transit, Carleton University, and the University of Ottawa. Additional features include a separate storage closet and underground guest parking available for short term rental. Living room photo is virtually staged.

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

Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,361/mo
Mortgage $1,613
Monthly Loss $1,937
Principal$424
Interest$1,189
Property Tax$227
Condo Fees$322
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
8.0%23
10-Year IRR
9.1%
Returns Index
12.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$21,972/yr
NOI
$10,796/yr
Net Cash Flow
-$713/mo
Cash Margin
-39.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo70
Risk Index
31.5/ 100

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

Comparables

Properties near 268 First Avenue 1C

Time

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