200 Lett Street 110, West Centre Town

$749,900
200 Lett Street 110

$749,900

New
38d
Condo ApartmentApartment

200 Lett Street 110, West Centre Town

Total Monthly Obligation $4,521

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
38d
Score
15
Yield
4.8%
Cash on Cash
-9.5%
Cap Rate
2.5%
5Y IRR
8.1%
10Y IRR
8.8%
Property Type-Condo Apartment
MLS® Number-X13787302
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 15, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$4,994 (2026)
Maintenance-$880/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Metal/Steel Siding
Possession-30-60 days
Neighbourhood-4204 - West Centre Town
Title-Residential Condo & Other

No agent assigned

Condo living takes on a different character in this exceptional ground-floor corner suite, where a beautifully renovated interior opens to a remarkably large and private terrace. Set within a sought after waterfront community, the home offers direct outdoor access which is deal for morning walks along the river, cycling the nearby pathways or heading out with your dog without waiting for an elevator or navigating long hallways. Renovated throughout within the past three years, the suite feels polished, comfortable and entirely move-in ready. The thoughtfully designed kitchen features quartz counters, quality appliances, a striking designer backsplash and a generous island with seating for four. Two modern bathrooms have been tastefully renovated including the ensuite. Hardwood flooring runs through the principal rooms and is in excellent condition. The well-planned layout places the two bedrooms at opposite ends of the suite, providing welcome privacy for overnight guests, family or a home office. As a corner unit, it enjoys windows on two sides, bringing in abundant natural light and peaceful views of the surrounding greenery. Outside, the expansive landscaped terrace is a rare find. Glass railings, mature plantings, a spacious seating area, and a covered BBQ space create a wonderful setting for outdoor dining, entertaining or quiet summer evenings. It is a true extension of the living space and particularly appealing for pet owners. Building amenities include a fitness centre, sauna, rooftop terrace, and party room. In-suite laundry, one heated indoor parking space and a storage locker are also included. The Ottawa River pathways, seasonal water taxi, Parliament Hill, the new central library, War Museum and Little Italy are all close at hand. A distinctive turnkey home offering the ease of condo living with outdoor space that feels entirely its own. Six quality appliances, outdoor patio furniture + propane fire pit are included.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$599,920
Land Transfer Taxes$11,473
Legal Fees (Est.)
$
Total cash required for closing$162,953

Total Monthly Obligation

$4,521/mo
Mortgage $3,025
Monthly Loss $3,725
Principal$796
Interest$2,229
Property Tax$416
Condo Fees$880
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.4%0
5-Year IRR
5.3%12
10-Year IRR
7.1%
Returns Index
7.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$36,264/yr
NOI
$14,684/yr
Net Cash Flow
-$1,801/mo
Cash Margin
-59.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.403
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
18.3/ 100

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

Comparables

Properties near 200 Lett Street 110

Time

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