290 Citiplace Drive, Cityview - Parkwoods Hills - Rideau Shore

$589,000
290 Citiplace Drive

$589,000

New
8d
Att/Row/Townhouse3-Storey

290 Citiplace Drive, Cityview - Parkwoods Hills - Rideau Shore

Total Monthly Obligation $3,099

Beds
3
Baths
3
Park
1
Sqft
1500-2000
DOM
8d
Score
25
Yield
6.5%
Cash on Cash
3.7%
Cap Rate
5.4%
5Y IRR
18.5%
10Y IRR
17.0%
Property Type-Att/Row/Townhouse
MLS® Number-X14081272
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-60.28 × 33.49 ft
Listed on site-Oct 15, 2026
Style-3-Storey
Building Type-Att/Row/Townhouse
Taxes-$4,172 (2026)
Parking-2 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Vinyl Siding, Brick Front
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-7203 - Merivale Industrial Park/Citiplace
Title-Residential Freehold

No agent assigned

Overlooking a picturesque park in Citiplace, this beautifully updated, 1782 sq.ft. turnkey end-unit townhome features 2 bedrooms + office (or 3 compliant bedrooms), 3 full bathrooms, a classic brick exterior, attached garage, 60 ft. lot, hardwood floors, & two private balconies! The main living level showcases a bright, open-concept layout with rich dark hardwood flooring, contemporary moulding, and a spacious living room with a gas fireplace and direct access to a covered balcony overlooking the park. The large, fully renovated kitchen has quartz countertops, & a generous breakfast bar peninsula that leads to the adjoining dining area with expansive windows and a modern chandelier. Upstairs, the spacious primary bedroom features large windows, a walk-in closet, a private covered balcony, and a 3-piece ensuite. A generously sized second bedroom and an additional full bathroom complete the upper level. Both bedrooms feature hardwood flooring, while decorative wall mouldings and a beautifully detailed staircase add an elevated feel to each level. The entry level offers a convenient laundry area, a powder room, and a versatile bedroom-compliant office, making bedroom #3 minimal effort. A unique separate side entrance opens to the interlock patio, while the basement offers plenty of storage space! Located directly across from a park with mature trees, open green space, and a playground, this home is also in close proximity to walking and cycling paths, Nepean Creek Park, Mooney's Bay and Hog's Back Park. Shopping, restaurants, grocery stores, and essential services along Merivale Road are minutes away, with convenient access to public transit, Hunt Club Road, Prince of Wales Drive, and Carleton University. This low- maintenance, executive townhome is ideal for professionals looking for peace and quiet without sacrificing convenience, size, or storage space. (Roof & Furnace - 2022)

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$471,200
Land Transfer Taxes$8,255
Legal Fees (Est.)
$
Total cash required for closing$127,555

Total Monthly Obligation

$3,099/mo
Mortgage $2,376
Monthly Loss $2,473
Principal$625
Interest$1,751
Property Tax$348
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.0%5
5-Year IRR
14.1%65
10-Year IRR
13.9%
Returns Index
34.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$38,508/yr
NOI
$25,985/yr
Net Cash Flow
-$210/mo
Cash Margin
-6.6%1
Cash Flow Index
1.3/ 100
Risk Profile
Weight: 20%
DSCR
0.9121
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
30.0/ 100

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

Comparables

Properties near 290 Citiplace Drive

Time

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