2360 ALBERT Street 407, Clarence-Rockland

$519,000
2360 ALBERT Street 407

$519,000

New
7d
Condo ApartmentApartment

2360 ALBERT Street 407, Clarence-Rockland

Total Monthly Obligation $3,367

Beds
2
Baths
2
Park
1
Sqft
1400-1599
DOM
7d
Score
20
Yield
6.8%
Cash on Cash
-2.5%
Cap Rate
4.0%
5Y IRR
13.6%
10Y IRR
13.0%
Property Type-Condo Apartment
MLS® Number-X14088766
Beds-2
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$5,095.57 (2026)
Maintenance-$649.21/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Foundation-Concrete
Possession-FLEXIBLE
Neighbourhood-607 - Clarence/Rockland Twp
Title-Residential Condo & Other

No agent assigned

Welcome to unit 407 at 2360 Albert Street in Rockland. This gorgeous water view corner unit condo features 2 bedrooms, 2 bathrooms, 1 exclusive heated underground parking space; accessibility features such as an elevator. Concrete structure throughout; extremely fire resistant, sound proof & energy efficient. Located ONLY 30 minutes from Ottawa, this prestigious condo features gleaming hardwood flooring & ceramic throughout. An open living/dining room with gas fireplace, gourmet eat-in kitchen with updated kitchen cabinet & granite counter top, patio doors to the balcony with beautiful views of the Ottawa River with natural gas BBQ hookup. This unit has two bedrooms with 2 baths. In unit laundry & walk-in closet in the master bedroom. Fully freshly painted in 2022. Pets are allowed. One indoor parking space and one exclusive 9'x10' storage locker included. Other inclusions: Window Blinds, Drapery, Drapery Tracks & all appliances. Enjoy beautiful sunsets daily!! BOOK YOUR PRIVATE SHOWING TODAY!!! Main bathroom (2025), Ensuite bathroom (2025), Kitchen floors & Backsplash (2026) & Kitchen Cabinets (2023), BBQ (2025), Thermostat (2026), Refrigerator with waterline/ Stove/ Dishwasher/ Washer/ Dryer (2023), Hot Water Tank (2020), Electric Window Blinds (2022).

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

Closing Costs

Mortgage Amount
$415,200
Land Transfer Taxes$6,855
Legal Fees (Est.)
$
Total cash required for closing$112,155

Total Monthly Obligation

$3,367/mo
Mortgage $2,094
Monthly Loss $2,816
Principal$551
Interest$1,543
Property Tax$425
Condo Fees$649
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.6%1
5-Year IRR
9.9%35
10-Year IRR
10.7%
Returns Index
18.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$35,508/yr
NOI
$16,671/yr
Net Cash Flow
-$704/mo
Cash Margin
-23.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
24.6/ 100

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

Comparables

Properties near 2360 ALBERT Street 407

Time

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