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Investment signal

$359,000

904 - 383 CUMBERLAND STREET

Save this home

Beds

1

Baths

2 full + 1 half

Sqft

Year

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to this 2 Storey Penthouse in The East Market Phase 2. This one of a kind unit is located on the 9th floor facing east. It features exposed concrete ceilings, floor to ceiling windows, an east facing balcony as well as an open concept living/dining area perfect for entertaining. The main floor has brand new luxury vinyl plank floors. Brand new stove and microwave hood-fan. Newer dishwasher and freshly refinished kitchen cabinets. Building amenities include a gym, game room, private courtyard with BBQ and a party room. The unit comes fully equipped with all appliances and in-unit laundry. The condominium fee includes heat, air conditioning and water. The condominium is steps away from the University of Ottawa, Byward Market restaurants & stores, Rideau Centre, Light Rail (LRT), public transit, Rideau canal, parks and much more. Great investment opportunity or great place to call home. Parking A3 and Locker A23 included. (id:65958)

Subtype
Single Family
Structure
Apartment
Community
4001 - Lower Town/Byward Market
Common interest
Condo/Strata
Bedrooms
1 above grade
Parking
1 total
Condo/HOA fee
$775.24 monthly
On market
Mar 23, 2026
Status changed
Apr 24, 2026
Annual tax
$4,020 (2025)
Photos
26
MLS#
X12908424
Area
OTTAWA

Features and systems

Parking

GarageUnderground

Basement

None

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowaveBlindsGarage door opener remote(s)

Heating

Heat PumpElectric

Cooling

Central air conditioning

Exterior

Brick

Lot

Balcony

Community

Pets Allowed With Restrictions

Fee includes

Common Area MaintenanceHeatWaterInsurance
Negative cash flow ~$438/mo at these assumptions

Cash on cash

-7.33%

Cap rate

3.40%

GRM

16.6

Break-even rent

$2,262

Financing

Down payment$71,800
Loan amount$287,200
Mortgage$1,455/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$165
Insurance$80
Maintenance$299
CapEx reserve$150
Vacancy loss$90

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,455/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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