397 Codds Road 302, Manor Park - Cardinal Glen and Area

$499,000
397 Codds Road 302

$499,000

Price Change
16d
Condo Apartment1 Storey/Apt

397 Codds Road 302, Manor Park - Cardinal Glen and Area

Total Monthly Obligation $3,507

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
16d
Score
18
Yield
7.0%
Cash on Cash
-4.8%
Cap Rate
3.6%
5Y IRR
11.8%
10Y IRR
11.6%
Property Type-Condo Apartment
MLS® Number-X13874480
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 7, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$6,328.45 (2026)
Maintenance-$766.93/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-HOME RUN REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stucco (Plaster)
Possession-Immediate
Neighbourhood-3104 - CFB Rockcliffe and Area
Title-Residential Condo & Other

No agent assigned

Now offered at $499,000. This spacious condo in Wateridge Village offers approximately 1,200 sq ft of living space, with 2 bedrooms, 2 full bathrooms and a separate den.The bright, open-concept kitchen, living and dining area features large windows and a functional layout with plenty of room for everyday living and entertaining. The primary bedroom includes its own ensuite, while the second bedroom and additional full bathroom provide added flexibility. The separate den works well as a home office, reading room or additional flex space.In-suite laundry, underground parking and a storage locker complete the unit. Located in a residential community surrounded by parks, pathways and green space, with convenient access to Beechwood Village, downtown Ottawa, shopping, transit and major routes.Vacant, move-in ready and available with flexible closing.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$3,507/mo
Mortgage $2,013
Monthly Loss $2,977
Principal$530
Interest$1,483
Property Tax$527
Condo Fees$767
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
8.2%24
10-Year IRR
9.5%
Returns Index
13.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$34,956/yr
NOI
$13,529/yr
Net Cash Flow
-$885/mo
Cash Margin
-30.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
23.0/ 100

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

Comparables

Properties near 397 Codds Road 302

Time

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