1380 Prince Of Wales Drive 802, Mooneys Bay - Carleton Heights and Area

$299,000
1380 Prince Of Wales Drive 802

$299,000

New
43d
Condo ApartmentApartment

1380 Prince Of Wales Drive 802, Mooneys Bay - Carleton Heights and Area

Total Monthly Obligation $2,273

Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
43d
Score
33
Yield
10.5%
Cash on Cash
9.1%
Cap Rate
6.5%
5Y IRR
22.9%
10Y IRR
20.7%
Property Type-Condo Apartment
MLS® Number-X13764612
Beds-2
Bathrooms-1
Size-900-999 sqft
Listed on site-Sep 10, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,400 (2026)
Maintenance-$667/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-LPT REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-4702 - Carleton Square
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 802 at Chateau Royale West, located at 1380 Prince of Wales Drive in the established Carleton Square neighbourhood.This well-managed high-rise, built by Assaly Construction, offers a strong mix of comfort, security, and convenience, all within a setting surrounded by some of Ottawa's most desirable outdoor spaces.Inside, this bright 2-bedroom, 1-bathroom unit features a functional open layout that makes everyday living easy. The living and dining areas connect seamlessly, creating a comfortable and practical space whether you are relaxing or hosting.The unit also includes a private balcony, offering a nice outdoor extension of your living space. It is a great spot for fresh air, morning coffee, or unwinding at the end of the day.Both bedrooms are well-proportioned, and the unit offers ample storage throughout, making it a solid option for first-time buyers, downsizers, or investors.The building includes a range of amenities such as an indoor pool, sauna, party room, secure entry, and on-site laundry facilities.Location is a major highlight. You are just minutes from the Central Experimental Farm, Hog's Back Falls, Mooney's Bay Beach, and the Rideau Canal Locks. Carleton University is also within walking distance, adding strong appeal for both end users and investors.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$239,200
Land Transfer Taxes$2,960
Legal Fees (Est.)
$
Total cash required for closing$64,260

Total Monthly Obligation

$2,273/mo
Mortgage $1,206
Monthly Loss $1,956
Principal$317
Interest$889
Property Tax$200
Condo Fees$667
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.2%40
Cash-on-Cash
1.7%11
5-Year IRR
17.5%84
10-Year IRR
17.0%
Returns Index
46.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
33/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$31,500/yr
NOI
$15,546/yr
Net Cash Flow
$89/mo
Cash Margin
3.4%9
Cash Flow Index
9.0/ 100
Risk Profile
Weight: 20%
DSCR
1.0733
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo72
Risk Index
41.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1380 Prince Of Wales Drive 802

Time

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