The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
A rare amount of space for condo living: this 2-bedroom + den, 2.5-bath residence at Riverside Gate offers two private bedroom suites, a separate den and dining area, a dedicated laundry room, large balcony and the privacy of one of Ottawa's established gated condo communities. Designed for someone who wants the ease of condo living without giving up the rooms, storage and separation of a larger home, the layout places the bedrooms on opposite sides of the suite, each with its own ensuite.Riverside Gate adds another layer to the offering. Set in a landscaped enclave along the Rideau River, the community provides 24-hour gated security, concierge service, an indoor saltwater pool, fitness centre and steam room, two tennis courts, guest suite, library, party and games rooms, BBQ terraces, bicycle and canoe/kayak storage, a car wash bay and generous visitor parking. Inside a ceramic-tiled foyer opens to hardwood-finished principal rooms and a layout with unusually well-defined spaces. Double glass doors lead to the den, where a curved wall of windows overlooks the grounds and tennis courts. The kitchen features granite counters, white wood cabinetry, stainless steel appliances, a built-in wall oven and a bright adjoining eating area, with a separate dining room nearby.The primary suite includes a large walk-in closet fitted with built-in organizers and a spacious ensuite with double vanity, soaker tub and separate shower. At the opposite end of the residence, the second bedroom forms its own private suite with a full ensuite, Murphy bed, built-in shelving and organized closet. A powder room and full-size laundry room sit between the two bedroom wings.Window coverings are included. Minutes from Hunt Club, Mooney's Bay, South Keys and the airport, with access to nearby green space and Ottawa's pathway network.
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Estimated Rental Income
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$6,051/mo
Mortgage (principal + interest)$4,003
Property taxFrom listing: $7,963/yr$664
Condo feesFrom listing$1,385
Minimum $82,000 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$214,000
Ontario land transfer taxProvincial brackets, no first-time refund$17,875
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$234,675
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Hunt Club - Windsor Park Village and Area has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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