200 Lett Street 601, West Centre Town

$529,000
200 Lett Street 601

$529,000

New
38d
Condo ApartmentApartment

200 Lett Street 601, West Centre Town

Total Monthly Obligation $3,536

Beds
1
Baths
1
Park
1
Sqft
900-999
DOM
38d
Score
17
Yield
6.3%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Condo Apartment
MLS® Number-X13783920
Beds-1
Bathrooms-1
Size-900-999 sqft
Listed on site-Sep 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,878 (2026)
Maintenance-$795.4/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-4204 - West Centre Town
Title-Residential Condo & Other

No agent assigned

If you've been searching for a home that gives you the best of Ottawa while still providing a peaceful place to escape, this one deserves to be at the top of your list. Welcome to 200 Lett St unit 601, your private oasis in the heart of the city! This exceptional 982 sq. ft. residence offers the perfect balance of vibrant urban living and peaceful retreat. Ideally located within walking distance of Little Italy, Chinatown and Pimisi LRT Station, you're surrounded by some of Ottawa's best restaurants, cafés, entertainment and transit-yet the moment you step outside, you'll find yourself immersed in lush greenery, peaceful courtyards and scenic bike paths. One of the building's most desirable layouts, this impressive 1-bedroom model is the largest 1-bedroom floor plan in the building and offers exceptional value with one of the most attractive price-per-square-foot opportunities compared to competing properties. Inside you'll immediately appreciate the spacious, open-concept design, featuring beautiful hardwood flooring throughout, soaring 9.5-ft kitchen island, granite countertops and stainless-steel appliances. The kitchen flows seamlessly into the generous living area, creating an incredible space for entertaining friends or enjoying a quiet evening at home. The spacious bedroom provides a comfortable retreat, while the 4-piece cheater ensuite features both a separate tub and shower. Step outside onto your private balcony and take in the peaceful views of the lush, beautifully landscaped courtyard-a rare sense of tranquility in the middle of the city and the lifestyle doesn't stop at your front door. Residents enjoy access to an impressive collection of amenities, including a rooftop patio with BBQ facilities, perfect for summer entertaining, relaxing with friends or watching the sunset over the city. An exercise centre,sauna and library provide even more ways to unwind without ever leaving home. Book your showing today!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$423,200
Land Transfer Taxes$7,055
Legal Fees (Est.)
$
Total cash required for closing$114,355

Total Monthly Obligation

$3,536/mo
Mortgage $2,134
Monthly Loss $2,974
Principal$562
Interest$1,572
Property Tax$407
Condo Fees$795
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.1%1
5-Year IRR
7.2%19
10-Year IRR
8.7%
Returns Index
10.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$33,084/yr
NOI
$12,953/yr
Net Cash Flow
-$1,054/mo
Cash Margin
-38.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.5/ 100

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

Comparables

Properties near 200 Lett Street 601

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.