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New1 day ago

101 - 589 RIDEAU Street

4002 - Lower Town, Lower Town - Sandy Hill

$379,800

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

Welcome to Wallis House, one of Ottawa's most unique and historic residences. Originally a 19th-century hospital, this beautifully converted building combines timeless character with modern downtown living.This exceptional one bedroom, one-bathroom unit offers a rare and versatile layout with two separate entrances one from the building and one opening directly onto your own private terrace. This unique feature provides exceptional privacy, convenience, and a seamless connection to outdoor living, creating a truly special urban retreat.The unit features beautiful hardwood flooring, a cozy fireplace, a modern kitchen, and the convenience of in-unit laundry. The thoughtfully designed layout offers a comfortable and functional living space, perfect for homeowners, professionals, or investors looking for a unique rental opportunity in the heart of downtown Ottawa.Residents can enjoy exceptional building amenities, including a rooftop terrace and guest suite, all while being steps away from Parliament Hill, the ByWard Market, restaurants, shopping, public transit, and everything downtown Ottawa has to offer.Whether you are seeking a distinctive urban home or a property with excellent rental potential, this one of a kind residence offers a rare opportunity to experience the charm and convenience of Wallis House.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$550
LockerOwned
BalconyTerrace
ExposureNorth
Parking TypeNone
Parking Spaces1
Parking FeaturesNone
Property Tax$3,339
mls© NumberX14091088
Listed ByIDEAL PROPERTIES REALTY
Building Insurance Included
Water Included
Common Elements Included

Listing History

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  • 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%
$1,944
Property tax
$278
Heat allowance
$150
Condo fees, half counted
$275
Housing costs
$2,647 / mo

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

Down payment20% · $75,960
25-yr amortization

Income needed

$81,000

gross annual household income

Payment at 4%
$1,598 / mo
Cash down
$75,960

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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