1440 Heron Road 1102, Hunt Club - South Keys and Area

$249,900
1440 Heron Road 1102

$249,900

Price Change
38d
Condo ApartmentApartment

1440 Heron Road 1102, Hunt Club - South Keys and Area

Total Monthly Obligation $2,158

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
38d
Score
26
Yield
10.8%
Cash on Cash
5.2%
Cap Rate
5.7%
5Y IRR
19.7%
10Y IRR
18.0%
Property Type-Condo Apartment
MLS® Number-X13785192
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Sep 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,346.65 (2026)
Maintenance-$754.76/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE PERFORMANCE REALTY
Cooling-Other
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Foundation-Poured Concrete
Possession-Immediate
Neighbourhood-3802 - Heron Gate
Title-Residential Condo & Other

No agent assigned

Penthouse living in a location that puts so much of Ottawa within easy reach! This bright and spacious 2-bedroom, 2-bathroom unit offers a super functional layout. The living and dining areas are filled with natural light, while the kitchen has been refreshed with new appliances in 2023. The spacious primary bedroom features a 4-piece ensuite, while a second full bathroom adds convenience for guests. A barn door opens up to in-unit laundry with (2023 washer and dryer). Enjoy the benefits of a well-appointed building with a heated indoor pool, hot tub, party room, elevators and visitor parking. The unit also comes with an owned underground parking space. The location is hard to beat: situated just off Bank Street and Heron Road, you're close to everyday shopping, restaurants and services, with Herongate Square nearby offering grocery, pharmacy, fitness, retail and dining options. Public transit is readily accessible, with nearby OC Transpo connections providing access throughout Ottawa and connections to the O-Train. Carleton University is only minutes away, while Mooney's Bay, the RA Centre, parks, trails and the Ottawa Hospital are also close by. The airport and major roadways are easily accessible, making commuting throughout the city simple. Whether you're a first-time buyer looking to get into the Ottawa market, a couple wanting a comfortable space, or an investor seeking a well located rental unit, this bright penthouse-level corner unit is an excellent option.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$199,920
Land Transfer Taxes$2,224
Legal Fees (Est.)
$
Total cash required for closing$53,704

Total Monthly Obligation

$2,158/mo
Mortgage $1,008
Monthly Loss $1,893
Principal$265
Interest$743
Property Tax$196
Condo Fees$755
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-2.9%4
5-Year IRR
14.0%65
10-Year IRR
14.3%
Returns Index
33.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 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
$27,036/yr
NOI
$10,529/yr
Net Cash Flow
-$131/mo
Cash Margin
-5.8%2
Cash Flow Index
1.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo75
Risk Index
37.2/ 100

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

Comparables

Properties near 1440 Heron Road 1102

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.