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Listed 26 days ago

611 - 225 Alvin Road

3102 - Manor Park, Manor Park - Cardinal Glen and Area

$260,000

Condo Apartment |
1 | 1 | 1 | 1
About this home

Reasonable price and reasonable condo fees. Don't miss your opportunity to purchase this affordable home/rental unit at 225 Alvin Rd in Manor Park. The property backs onto public land and green space and is a quick walk, bike, or drive to many parks, schools, and other amenities. Great for those who like to get outside and be close to the Ottawa River. The property also offers quick access to St Laurent Blvd, Promenade Etienne Cartier, Aviation Parkway and downtown Ottawa. Inside, you'll discover a bright and open-concept living and dining area with eat-in kitchen, large bay window, ample cabinetry and in-suite laundry. The bedroom features a four-piece bathroom, closet, and plenty of space for your furniture. The unit also comes with a parking space and a dedicated storage locker. Owners can also enjoy the exclusive use of several amenities - gym, sauna, party room, rooftop deck, guest lounge area and community barbecue. The Lancaster has the right price, the right amenities, and the right location for your first home or investment.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
Style1 Storey/Apt
Approx. Age31-50
Size600-699 sq. ft.
Maintenance Fees$520
LockerExclusive
BalconyNone
ExposureSouth West
Parking TypeSurface
Parking Spaces1
Parking FeaturesNone
Property Tax$2,334
mls© NumberX13820994
Listed ByCOLDWELL BANKER SARAZEN REALTY
Water Included
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,331
Property tax
$194
Heat allowance
$150
Condo fees, half counted
$260
Housing costs
$1,935 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $52,000
25-yr amortization

Income needed

$60,000

gross annual household income

Payment at 4%
$1,094 / mo
Cash down
$52,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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