959 North River Road 211, Overbrook - Castleheights and Area

$425,000
959 North River Road 211

$425,000

New
8d
Condo ApartmentApartment

959 North River Road 211, Overbrook - Castleheights and Area

Total Monthly Obligation $2,735

Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
8d
Score
18
Yield
5.8%
Cash on Cash
-6.7%
Cap Rate
3.1%
5Y IRR
10.3%
10Y IRR
10.4%
Property Type-Condo Apartment
MLS® Number-X14084046
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,097.22 (2026)
Maintenance-$563/mo
Locker-Ensuite+Exclusive
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-3501 - Overbrook
Title-Residential Condo & Other

No agent assigned

Beautifully Updated Barry Hobin-Designed Condo in Prime Rideau River Location! Welcome to this thoughtfully updated 2nd-floor condo in a boutique low-rise building designed by renowned Ottawa architect Barry Hobin. Ideally situated steps from the Rideau Sports Club, the Rideau River and close to parks, scenic bike paths, shops, restaurants and transit, this unique home offers a wonderful combination of character, comfort and convenience.The bright open-concept living and dining area features wide-plank oak flooring, crown moulding and oversized windows that fill the space with natural light and offer peaceful treetop views. The updated kitchen is both attractive and functional, with contemporary cabinetry, quartz countertops, stainless steel appliances and a modern backsplash. The spacious bedroom offers a generous closet and a calm, neutral aesthetic.The beautifully updated bathroom features a quartz countertop, undermount sink, custom cabinetry with mirrored storage, elegant fixtures and a tub/shower combination with a full tile surround. Accessibility features include elevator access, building ramps and an accessible unit layout. Additional conveniences include garage parking and a dedicated storage locker. A distinctive condo in an exceptional location, offering architectural character, thoughtful updates and easy access to all that the surrounding neighbourhood has to offer.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$340,000
Land Transfer Taxes$4,975
Legal Fees (Est.)
$
Total cash required for closing$91,475

Total Monthly Obligation

$2,735/mo
Mortgage $1,714
Monthly Loss $2,284
Principal$451
Interest$1,263
Property Tax$258
Condo Fees$563
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.8%0
5-Year IRR
6.7%17
10-Year IRR
8.2%
Returns Index
9.6/ 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
$24,528/yr
NOI
$9,822/yr
Net Cash Flow
-$896/mo
Cash Margin
-43.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
27.6/ 100

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

Comparables

Properties near 959 North River Road 211

Time

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