103 Third Avenue A, Glebe - Ottawa East and Area

$525,000
103 Third Avenue A

$525,000

New
2d
Condo TownhouseStacked Townhouse

103 Third Avenue A, Glebe - Ottawa East and Area

Total Monthly Obligation $3,235

Beds
2
Baths
1
Park
1
Sqft
1000-1199
DOM
2d
Score
17
Yield
5.3%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.9%
Property Type-Condo Townhouse
MLS® Number-X14104382
Beds-2
Bathrooms-1
Size-1000-1199 sqft
Listed on site-Oct 21, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Taxes-$5,368 (2026)
Maintenance-$470/mo
Locker-None
Parking-1 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-4402 - Glebe
Title-Residential Condo & Other

No agent assigned

Built by renowned Ottawa developer Charlesfort, this beautifully updated stacked townhome is ideally located in the heart of The Glebe - just steps from Bank Street. Blending style, comfort, and convenience, this turnkey 2-bedroom, 1-bathroom home is the definition of urban living. Just a few doors in from Starbucks, and a short walk to Lansdowne Park, St. James Tennis Club, the endless amenities of The Glebe are at your doorstep. The main level features an inviting open-concept living and dining area with maple hardwood floors throughout, creating a warm and timeless feel. The updated kitchen boasts granite countertops, stainless steel appliances, as well as an eat-in counter overlooking Third Ave. - perfect for enjoying your coffee with a view. Off the living room, you'll find a private balcony and an outdoor space perfect for additional storage. Hardwood flooring continues down the stairs where you'll find two bedrooms, a full bathroom, and a Bosch washer and dryer. One gated parking space is included. This well-managed condo offers low monthly fees, making this an attractive option for first-time buyers, young professionals, or even downsizers looking for a low-maintenance urban lifestyle. Major mechanical updates include furnace, A/C, and hot water tank (2018). Thoughtfully updated, and exceptionally well located - this is The Glebe living at its best.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$3,235/mo
Mortgage $2,118
Monthly Loss $2,678
Principal$557
Interest$1,560
Property Tax$447
Condo Fees$470
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.2%0
5-Year IRR
6.3%15
10-Year IRR
7.9%
Returns Index
8.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$27,840/yr
NOI
$11,648/yr
Net Cash Flow
-$1,147/mo
Cash Margin
-49.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.0/ 100

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

Comparables

Properties near 103 Third Avenue A

Time

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