



Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.
$559,900
Ottawa
#404 589 Rideau Street, Ottawa, Ontario, K1N6A1
This 1-bedroom, 2-bathroom condo in Ottawa is for sale offering roughly 850 sq ft of space. It has been on the market 28 days, fresher than the Ottawa average of 62 days.
Rare opportunity to own an iconic piece of Ottawa's history! The Wallis House, built in 1873, was converted to loft-style condos in 1996. With soaring ceilings, ample natural light, and exposed brick throughout, unit 404 has been completely updated for modern living while maintaining the authentic charm and character this building is known for. With a bright new kitchen with quartz countertops, a main floor powder room, and ensuite laundry, this thoughtful layout blends an open concept with functional division. With room for both formal dining, a kitchen island with additional seating, and a home office adjacent to a generous living room with a gas fireplace, this condo accommodates any lifestyle. Upstairs, a spacious loft bedroom and newly renovated ensuite blend seamlessly with the classic features and modern comforts. Backing onto Macdonald Gardens Park, the Wallis House offers both downtown living in a prime location simultaneously and your own private escape with abundant greenspace and a rooftop terrace. Walking distance to Strathcona Park, the Ottawa River, bike trails, and the ByWard Market, this condo is a must see! Upgrades: Heat Pump 2024, Kitchen 2023, Bathroom 2026, Electrical Panel 2024, Washer/Dryer 2023, Ceiling fans 2023, Condo recently refinished front steps and added bike storage. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 28 days on market, against an average age of 62 days across the listings currently for sale in this city
This 1-bed single family in Ottawa has been listed for 28 days, which is 34 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $559,900, about 8.7× the local median household income of $64,000.
Carrying it typically needs a household income of about $109,368 (20% down, 25-yr amortization, stress-tested) — roughly 71% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1N)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice