179 George Street 1410, Lower Town - Sandy Hill

$395,000
179 George Street 1410

$395,000

New
15d
Condo ApartmentApartment

179 George Street 1410, Lower Town - Sandy Hill

Total Monthly Obligation $2,707

Bed+Den
2+1
Baths
1
Park
0
Sqft
600-699
DOM
15d
Score
18
Yield
6.1%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.6%
10Y IRR
9.9%
Property Type-Condo Apartment
MLS® Number-X13879584
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,320.65 (2026)
Maintenance-$636.88/mo
Locker-None
Parking-None
Basement-None
Heating-Other (Other)
Brokerage-ICI SOURCE REAL ASSET SERVICES INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-December 1, 2026
Neighbourhood-4001 - Lower Town/Byward Market
Title-Residential Condo & Other

No agent assigned

Steps away from the historic By ward Market, this two bedroom (or one bedroom and a den) modern suite in the East Market Phase 3 Tower features 9ft exposed concrete ceilings, wall to ceiling windows, sliding doors in the Den, concrete columns, and large open spaces. This is a very bright unit featuring new hardwood flooring and stainless steel appliances (2023).The building is walking distance to the University of Ottawa, restaurants, shopping, cafés, NAC, museums, the Canal and galleries. You'll love the unique layout, and the beautiful views looking at Gatineau Park! Water, Heat and Hydro are included in the condo fees. *For Additional Property Details Click The Brochure Icon Below*

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$316,000
Land Transfer Taxes$4,400
Legal Fees (Est.)
$
Total cash required for closing$84,900

Total Monthly Obligation

$2,707/mo
Mortgage $1,593
Monthly Loss $2,288
Principal$419
Interest$1,174
Property Tax$277
Condo Fees$637
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.8%0
5-Year IRR
5.9%14
10-Year IRR
7.7%
Returns Index
8.1/ 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
$23,976/yr
NOI
$8,215/yr
Net Cash Flow
-$909/mo
Cash Margin
-45.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
27.6/ 100

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

Comparables

Properties near 179 George Street 1410

Time

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Data last updated within the past 24 hours.