234 Rideau Street 902, Lower Town - Sandy Hill

$349,900
234 Rideau Street 902

$349,900

New
15d
Condo ApartmentApartment

234 Rideau Street 902, Lower Town - Sandy Hill

Total Monthly Obligation $2,524

Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
15d
Score
19
Yield
7.0%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Condo Apartment
MLS® Number-X13878742
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,216 (2026)
Maintenance-$561/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-4003 - Sandy Hill
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 902 at 234 Rideau Street, an exceptional opportunity to own a 1-bedroom + den condo with parking and storage in the heart of Ottawa's ByWard Market. This unit offers over 700 square feet of living space at an amazing price point, this is an ideal choice for first-time buyers looking to enter the Ottawa market or investors seeking a highly desirable location just a short walk from the University of Ottawa. Enjoy the convenience of downtown living with an open-concept kitchen, living and dining area, large windows, hardwood flooring, in-unit laundry and dishwasher, plus a private balcony. The spacious den features a built-in desk and storage unit with Philips Hue lighting, making it an ideal home office or flexible living space. The Plaza Club offers fantastic amenities including an indoor pool, exercise room and the convenience of underground parking. A major bonus is the extra-large parking space and all windows feature custom-made blinds, including both blackout blinds for privacy and light-filtering blinds for a brighter atmosphere when desired. Perfectly positioned within walking distance of Rideau Centre, LRT, the University of Ottawa, ByWard Market, Parliament Hill, the Rideau Canal, restaurants, cafes, shopping, transit and everything downtown Ottawa has to offer. With its combination of location, amenities, parking, storage and flexible living space, this is an opportunity not to be missed

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$2,524/mo
Mortgage $1,411
Monthly Loss $2,152
Principal$371
Interest$1,040
Property Tax$351
Condo Fees$561
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.5%20
10-Year IRR
9.0%
Returns Index
11.4/ 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
$24,540/yr
NOI
$8,738/yr
Net Cash Flow
-$683/mo
Cash Margin
-33.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo66
Risk Index
29.6/ 100

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

Comparables

Properties near 234 Rideau Street 902

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.