$250,000

For sale

#219 844 Mikinak Road, Ottawa, Ontario, K1K4Z4

2 bd1 ba1 pk950 ft²+$334/mo

Listed by HOME RUN REALTY INC.

#112 255 Bay Street East, Ottawa, Ontario, K1R0C5

For saleJust listed

Today

$275K

#112 255 Bay Street East, Ottawa, Ontario, K1R0C5

1 ba250 ft²+$255/mo

Listed by REMAX BOARDWALK REALTY

#11 105 Lynn Valley Terrace, Ottawa, Ontario, K1W0L7

For saleJust listed

Today

$487K

#11 105 Lynn Valley Terrace, Ottawa, Ontario, K1W0L7

2 bd3 ba1 pk1,100 ft²+$315/mo

Listed by INNOVATION REALTY LTD.

130 Parkrose Private West, Ottawa, Ontario, K4A0N8

For saleJust listed

Today

$638K

130 Parkrose Private West, Ottawa, Ontario, K4A0N8

3 bd3 ba4 pk1,750 ft²+$139/mo

Listed by RE/MAX HALLMARK REALTY GROUP

Investment analysis

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$250,000

Ottawa

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Description

Welcome to this bright, AFFORDABLE, carpet-free 2-bedroom, 1-bathroom apartment offering the perfect blend of comfort and everyday convenience. Enjoy in-suite laundry, a covered balcony, elevator access, and a dedicated locked bike storage room, and parking just steps from the front entrance. This lovely unit includes all appliances -- fridge, stove, built-in dishwasher and stacking washer and dryer. Step outside and find yourself moments from a scenic walking and cycling trail, a nearby play structure, an abundance of shops and restaurants, and easy access to public transit. Merivale high school nearby, as are public and separate schools. Flexible possession available. 24 hours' irrevocable on all offers as per form 244. Condo documents available upon request. (id:66096)

Property Details

MLS®: X13734034
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: No Garage
Condo Fee: $511/mo
Fee Includes: Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,461/yr
Listed: 64 days ago

Rooms

Main level

Living room: 3.18 x 5.42 meters
Kitchen: 11 x 1 meters
Primary Bedroom: 3.25 x 4.53 meters
Bedroom 2: 4.12 x 3.54 meters
Bathroom: 2.4 x 1.66 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Area context

Neighbourhood profile (K2E)

This home lists at $250,000, about 2.8× the local median household income of $89,000.

Carrying it typically needs a household income of about $48,834 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $89,000
Population: 20,172
Median age: 40
Owner / renter: 56% / 44%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K2E)

$250,000· $294/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,500

Min 5%50%

Mortgage payment$1,317/mo

↳ CMHC premium ($9,500 capitalized)

Property tax (est.)$205/mo

Condo fee$511/mo

Total monthly$2,033

Cash Needed to Close

Down payment (5%)$12,500

Land transfer tax$2,225

Est. closing costs$3,250

Total cash needed$17,975

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator

#218 212 Viewmount Drive, Ottawa - Single Family for Sale

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