706 - 383 CUMBERLAND STREET N, Ottawa

$239,900

For sale: Apartment

Apartment at 706 - 383 CUMBERLAND STREET N, Ottawa
Property type
Condo Apartment
Bedrooms / bathrooms
1 bedroom, 1 bathroom
Living area
599 sqft
MLS®
MLS® X13795004
Neighbourhood
4001 - Lower Town/Byward Market

ATTENTION INVESTORS. This condo can produce a positive cash low. Similar condos rent for 1900$. Calculation based on minimum deposit 20%, 25 years amortization at 4.5%, condo fees 490$ and taxes 220$. Could be a very smart investment for parents who's children are attending university. This condo is on the east side of the building away from busy Cumberland street. On this side, you can sleep with your windows open. Only one owner, pride of ownership, very well maintained. Quick closing a possibility

Sold data

Apartment homes in Ottawa — recent sold market

Apartment homes in Ottawa took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 62, across 369 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 60 days.

The median sale price was $398,000.

Homes sold for about 2.7% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$398,000
Sale-to-list ratio
97.3%
Sold above asking
7%

Based on 369 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 706 - 383 CUMBERLAND STREET N