151 Potts Private 208, Orleans - Cumberland and Area

$399,500
151 Potts Private 208

$399,500

New
15d
Condo ApartmentApartment

151 Potts Private 208, Orleans - Cumberland and Area

Total Monthly Obligation $2,668

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
15d
Score
17
Yield
5.3%
Cash on Cash
-10.3%
Cap Rate
2.4%
5Y IRR
7.5%
10Y IRR
8.4%
Property Type-Condo Apartment
MLS® Number-X13875732
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,122.68 (2026)
Maintenance-$596.23/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ABSOLUTE WALKER REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone, Vinyl Siding
Possession-TBA
Neighbourhood-1119 - Notting Hill/Summerside
Title-Residential Condo & Other

No agent assigned

Maintenance free living starts at 151 Potts, Unit 208. This bright, carpet-free 2-bedroom, 2-full-bathroom condo offers thoughtfully designed living space with desirable 9-ft. ceilings. Step inside to a bright and inviting open-concept layout, where rich dark hardwood floors create a warm and cohesive feel throughout. The well-planned floor plan includes two generously sized bedrooms, along with a versatile space that can easily be used as a home office or additional storage. The primary bedroom offers a comfortable space with a 4-piece ensuite and walk-in closet. The living room is filled with natural light and opens through patio doors onto a spacious east-facing balcony, the perfect place to start the day. A generous dining area provides room for family meals and entertaining, while the breakfast bar offers a convenient spot for casual dining or conversation. Your guests will appreciate the abundance of visitor and street parking. When you arrive home, enjoy the convenience of a heated underground parking space with your storage locker located directly at the parking space, keeping seasonal items and belongings easily accessible. From the garage, take the elevator directly to your condo and leave the outdoor chores behind. No shovelling snow, mowing lawns or worrying about exterior upkeep. Comfortable, low-maintenance and wonderfully convenient, this is condo living designed for the next chapter.

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

Closing Costs

Mortgage Amount
$319,600
Land Transfer Taxes$4,468
Legal Fees (Est.)
$
Total cash required for closing$85,868

Total Monthly Obligation

$2,668/mo
Mortgage $1,611
Monthly Loss $2,244
Principal$424
Interest$1,187
Property Tax$260
Condo Fees$596
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.3%0
5-Year IRR
4.0%8
10-Year IRR
6.3%
Returns Index
5.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$21,012/yr
NOI
$6,233/yr
Net Cash Flow
-$1,092/mo
Cash Margin
-62.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.322
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
27.7/ 100

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

Comparables

Properties near 151 Potts Private 208

Time

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