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Listed 26 days ago

304 - 222 Russell Avenue

4004 - Sandy Hill, Lower Town - Sandy Hill

$550,000

Condo Apartment |
3 | 2 | 1 | 1
About this home

Space, light and a quiet, treed street: welcome to Unit 304 at 222 Russell Avenue. This 2-storey, 3-bedroom home sits on one of Sandy Hill's most beautifully treed, walkable streets, quiet enough that the loudest sound most days is laughter drifting over from the nearby park. The boutique, self-managed 9-unit brick building is meticulously managed, and just minutes from the University of Ottawa, the Rideau Centre and Rideau Canal pathways. Inside, the 2-level layout creates a natural separation between living and sleeping spaces, giving it the feel of a townhouse without the upkeep. Freshly painted and move-in ready, the home features hardwood floors, a modern kitchen with induction cooktop and huge island, and a wood-burning fireplace. A main floor powder room adds convenience for guests. Two skylights and windows on two exposures fill the home with natural light, while the huge primary bedroom offers a walk-in closet and private access to the upstairs bath, complete with double sinks, a tub, shower and heated towel rack. Two more bedrooms and second-floor laundry complete the layout. A private balcony offers outdoor space rarely found in urban living, and the unit also comes with a dedicated parking spot and large storage locker. Pet friendly, with only nine units, the building's small scale creates a genuine sense of community, without the anonymity of a high-rise. Sandy Hill remains one of Ottawa's most desirable neighbourhoods, close to Parliament Hill, government offices, transit, parks, restaurants and the Canal. If you've been searching for a home with the feel and flow of a townhouse, in a location with enduring demand, this one is worth a look.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
Style2-Storey
Approx. Age31-50
Size1200-1399 sq. ft.
Maintenance Fees$658
LockerExclusive
BalconyOpen
ExposureSouth West
Parking TypeNone
Parking Spaces1
Parking FeaturesReserved/Assigned
Property Tax$4,707
mls© NumberX13709302
Listed ByREMAX BOARDWALK REALTY
Common Elements Included
Building Insurance Included
Water 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%
$2,815
Property tax
$392
Heat allowance
$150
Condo fees, half counted
$329
Housing costs
$3,686 / mo

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

Down payment20% · $110,000
25-yr amortization

Income needed

$113,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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