1444 PALMERSTON Drive 98, Cyrville - Carson Grove - Pineview

$384,900
1444 PALMERSTON Drive 98

$384,900

New
15d
Condo Townhouse2-Storey

1444 PALMERSTON Drive 98, Cyrville - Carson Grove - Pineview

Total Monthly Obligation $2,356

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
15d
Score
30
Yield
8.2%
Cash on Cash
6.1%
Cap Rate
5.9%
5Y IRR
20.5%
10Y IRR
18.7%
Property Type-Condo Townhouse
MLS® Number-X13874984
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$2,620 (2026)
Maintenance-$385/mo
Locker-None
Parking-1 - None
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER FIRST OTTAWA REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Other
Foundation-Concrete
Possession-60-90 Days
Neighbourhood-2202 - Carson Grove
Title-Residential Condo & Other

No agent assigned

An Exceptional turnkey investment opportunity in a highly sought-after location! Welcome to 1444 Palmerston Drive-an excellent opportunity for Investors, first-time home buyers or down-sizers alike looking for low maintenance ownership. This well-maintained 3-bedroom, 2-bath condo townhome is ideally located in the sought-after community of Carson Grove, offering exceptional convenience and connectivity. Enjoy unbeatable walkability to grocery stores, shopping centres, restaurants, Blair LRT Station, as well as proximity to CSIS, CSE, and quick access to Highway 417-making commuting effortless.The main level features a bright and functional open-concept living and dining area, seamlessly connected to the kitchen-perfect for everyday living and entertaining. The kitchen is equipped with stainless steel appliances (stove & dishwasher), and a convenient powder room completes this level. Upstairs, you'll find three generously sized bedrooms (with ceiling fan/light) and a full bathroom, providing comfortable living space for families or tenants. The mostly finished basement adds valuable living space with a large recreation room, laundry area, and ample storage. Step outside to your private, South facing, maintenance free, fully fenced backyard with no rear neighbours-ideal for relaxing or entertaining (backing onto green space). This property is perfect for first-time home buyers, investors (5-6% ROI with current tenant willing to stay), or those looking for an affordable home in Ottawa. It offers strong rental potential, low-maintenance living, and long-term investment value in a high-demand area. Currently tenanted at $2,429/month on a month-to-month basis, this is a fantastic opportunity for investors or buyers seeking immediate rental income. Excellent tenants in place. Vacant possession is also available with 60 days notice. Book an appointment and discover this opportunity for yourself!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$307,920
Land Transfer Taxes$4,249
Legal Fees (Est.)
$
Total cash required for closing$82,729

Total Monthly Obligation

$2,356/mo
Mortgage $1,553
Monthly Loss $1,947
Principal$409
Interest$1,144
Property Tax$218
Condo Fees$385
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.9%36
Cash-on-Cash
0.1%8
5-Year IRR
15.9%77
10-Year IRR
15.5%
Returns Index
40.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
30/ 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
$31,488/yr
NOI
$18,699/yr
Net Cash Flow
$6/mo
Cash Margin
0.2%5
Cash Flow Index
4.9/ 100
Risk Profile
Weight: 20%
DSCR
1.0027
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
38.3/ 100

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

Comparables

Properties near 1444 PALMERSTON Drive 98

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.