242 Rideau Street 201, Lower Town - Sandy Hill

$575,000
242 Rideau Street 201

$575,000

New
5d
Condo Apartment1 Storey/Apt

242 Rideau Street 201, Lower Town - Sandy Hill

Total Monthly Obligation $4,351

Beds
2
Baths
2
Park
2
Sqft
1200-1399
DOM
5d
Score
30
Yield
10.5%
Cash on Cash
7.6%
Cap Rate
6.2%
5Y IRR
21.7%
10Y IRR
19.7%
Property Type-Condo Apartment
MLS® Number-X14096022
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 18, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$7,269 (2026)
Maintenance-$1,226/mo
Locker-Owned
Parking-2 - Underground
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete Block, Brick
Roof-Membrane
Foundation-Concrete
Possession-Flexible
Neighbourhood-4003 - Sandy Hill
Title-Residential Condo & Other

No agent assigned

Rarely available corner unit with over 1200 square feet and feature rounded window overlooking the world! You've been thinking about downsizing to downtown but could never find the right amount of space? Look no more. AND, if you are still reluctant to give up your second car, this lovely condo comes with TWO parking spots. Being on the second floor, take the quick flight of stairs to your home, right from the lobby and as well, access the fabulous amenities all located on the third floor 3rd floor on foot so you don't even have to wait for the elevator to go grill your dinner or use the gym! Enjoy the common/party room, home-theatre room, co-working office, deck with BBQs, the gym, pool and sauna. A second patio is located on the on 4th floor. this lovely condo boasts 2 decent bedrooms, and two full baths, an efficient galley kitchen with window and very spacious living spaces. Bright and cheerful. Elegant, well managed condo at Claridge Plaza with concierge at the door. Convenient hose bib in you private parking space. Storage locker located next to the parking stall: so convenient. Status Certificate on file.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$460,000
Land Transfer Taxes$7,975
Legal Fees (Est.)
$
Total cash required for closing$124,475

Total Monthly Obligation

$4,351/mo
Mortgage $2,319
Monthly Loss $3,741
Principal$610
Interest$1,709
Property Tax$606
Condo Fees$1,226
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.2%40
Cash-on-Cash
1.6%11
5-Year IRR
17.4%84
10-Year IRR
16.9%
Returns Index
45.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
30/ 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
$60,192/yr
NOI
$29,792/yr
Net Cash Flow
$163/mo
Cash Margin
3.3%9
Cash Flow Index
8.7/ 100
Risk Profile
Weight: 20%
DSCR
1.0733
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
28.4/ 100

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

Comparables

Properties near 242 Rideau Street 201

Time

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