2871 Richmond Road 1208, Britannia Heights - Queensway Terrace N and Area

$324,900
2871 Richmond Road 1208

$324,900

New
21d
Condo ApartmentApartment

2871 Richmond Road 1208, Britannia Heights - Queensway Terrace N and Area

Total Monthly Obligation $2,568

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
21d
Score
20
Yield
8.6%
Cash on Cash
-1.6%
Cap Rate
4.2%
5Y IRR
14.3%
10Y IRR
13.6%
Property Type-Condo Apartment
MLS® Number-X13856240
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,725 (2025)
Maintenance-$830/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-FIRST CHOICE REALTY ONTARIO LTD.
Cooling-Other
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-6201 - Britannia Heights
Title-Residential Condo & Other

No agent assigned

Welcome to Marina Bay! This bright and spacious 2-bedroom condo offers a well-designed, open-concept layout with a sun-filled solarium off the main living space - the perfect spot to unwind with a coffee or curl up with a book. The kitchen flows naturally into the living/dining area, creating an easy space for everyday living and entertaining.The primary bedroom features a convenient 2-piece ensuite, while the second bedroom offers flexibility for a home office, guest room, or den. Recently painted throughout, this unit is fresh, clean, and move-in ready.Additional highlights include a dedicated storage locker and underground parking - a rare and valuable combination in this sought-after building.Marina Bay residents enjoy an impressive lineup of amenities: an outdoor pool, hot tub, sauna, fitness centre, squash court, party room, library, and rooftop terrace. The location is unbeatable - close to Bayshore Shopping Centre, Queensway Carleton Hospital, DND, transit, parks, and the trails and beach along the Ottawa River.Whether you're a first-time buyer, downsizer, or investor, this is a fantastic opportunity in one of the area's best-run and most amenity-rich buildings.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$259,920
Land Transfer Taxes$3,349
Legal Fees (Est.)
$
Total cash required for closing$69,829

Total Monthly Obligation

$2,568/mo
Mortgage $1,311
Monthly Loss $2,223
Principal$345
Interest$966
Property Tax$227
Condo Fees$830
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.8%34
10-Year IRR
10.8%
Returns Index
17.7/ 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
$27,912/yr
NOI
$10,036/yr
Net Cash Flow
-$474/mo
Cash Margin
-20.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo64
Risk Index
30.1/ 100

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

Comparables

Properties near 2871 Richmond Road 1208

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.