320 MIWATE Private 204, West Centre Town

$574,900
320 MIWATE Private 204

$574,900

New
38d
Condo Apartment1 Storey/Apt

320 MIWATE Private 204, West Centre Town

Total Monthly Obligation $3,725

Beds
1
Baths
1
Park
1
Sqft
800-899
DOM
38d
Score
15
Yield
4.7%
Cash on Cash
-12.2%
Cap Rate
2.0%
5Y IRR
6.0%
10Y IRR
7.2%
Property Type-Condo Apartment
MLS® Number-X13792448
Beds-1
Bathrooms-1
Size-800-899 sqft
Listed on site-Sep 15, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$5,603.33 (2026)
Maintenance-$739.32/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Electric)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Possession-TBD - 120 days preferred
Neighbourhood-4201 - Mechanicsville
Title-Residential Condo & Other

No agent assigned

Discover canal-side living in one of North America's most environmentally sustainable communities. This uncommonly spacious 1-bedroom +den, 1-bathroom condo offers a thoughtfully designed layout featuring an open-concept kitchen and dining area, a generous living space, a large den ideal for guests or a work-from-home office, a full bathroom, and a spacious bedroom and private balcony. Step onto the canal-side balcony and enjoy more than just river views - the perfectly framed sightline to Parliament Hill creates a truly iconic backdrop that's hard to find elsewhere. Life here extends well beyond your front door. Enjoy immediate access to Ottawa-Gatineau's renowned waterfront network of walking, cycling, and cross-country ski trails, with Gatineau Park just minutes away for endless outdoor adventures. Residents are also surrounded by beautiful green spaces, including Pangishimo Park, while the community's walkable design places mixed-use amenities, shops, and gathering spaces just steps from home - with even more exciting additions still to come. This forward-thinking neighbourhood is powered by a zero-carbon district energy system that uses river water for cooling and recovered heat from a downstream pulp and paper mill for heating, offering an innovative and sustainable way of living without compromising comfort. Whether you're looking for your first home, a stylish downsizer, or an exceptional urban retreat, this condo combines generous living space, stunning views, and an unmatched waterfront lifestyle.

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%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$459,920
Land Transfer Taxes$7,973
Legal Fees (Est.)
$
Total cash required for closing$124,453

Total Monthly Obligation

$3,725/mo
Mortgage $2,319
Monthly Loss $3,115
Principal$610
Interest$1,709
Property Tax$467
Condo Fees$739
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.3%9
Cash-on-Cash
-16.4%0
5-Year IRR
3.1%6
10-Year IRR
5.6%
Returns Index
4.4/ 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
$27,120/yr
NOI
$7,533/yr
Net Cash Flow
-$1,691/mo
Cash Margin
-74.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.272
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
20.8/ 100

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

Comparables

Properties near 320 MIWATE Private 204

Time

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