40 Nepean Street 2007, Ottawa Centre

$619,000
40 Nepean Street 2007

$619,000

New
23d
Condo ApartmentApartment

40 Nepean Street 2007, Ottawa Centre

Total Monthly Obligation $4,038

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
23d
Score
15
Yield
5.2%
Cash on Cash
-10.4%
Cap Rate
2.3%
5Y IRR
7.4%
10Y IRR
8.2%
Property Type-Condo Apartment
MLS® Number-X13843424
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Age-11-15
Taxes-$5,763 (2026)
Maintenance-$860.62/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-DETAILS REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Foundation-Concrete
Possession-After November 15, 2026
Neighbourhood-4102 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Space, comfort, and convenience come together at Tribeca East in the heart of downtown Ottawa. This bright 955 sq. ft. residence offers two bedrooms, two full bathrooms, a premium heated underground parking space conveniently located near the elevator, and TWO storage lockers. Floor-to-ceiling windows fill the open-concept living and dining areas with natural light, while the kitchen features granite countertops, a large island, a natural stone backsplash, and stainless-steel appliances. Engineered hardwood flooring extends throughout the unit, creating a polished and cohesive interior.The two generously sized bedrooms are thoughtfully positioned on opposite sides of the residence, providing excellent privacy. Enjoy year-round comfort with a recently upgraded heat pump system offering independent in-suite climate control.Residents of Tribeca East enjoy an impressive selection of amenities, including an indoor pool, fitness centre, sauna, guest suite, party room, conference room, landscaped courtyard, communal BBQ area, and secure building entry. For exceptional everyday convenience, Farm Boy is directly connected to the building complex. The shops, restaurants, and services of Elgin Street are just steps away, while Parliament Station and Ottawa's LRT network are only a short walk from your door, offering convenient access throughout the city. Parliament Hill, the Rideau Canal, the National Arts Centre, Rideau Centre, and ByWard Market are all within easy reach. An exceptional opportunity to enjoy spacious, connected, and convenient downtown living. Some photos are virtually staged. This unique unit will not last long.

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

Closing Costs

Mortgage Amount
$495,200
Land Transfer Taxes$8,855
Legal Fees (Est.)
$
Total cash required for closing$134,155

Total Monthly Obligation

$4,038/mo
Mortgage $2,497
Monthly Loss $3,381
Principal$657
Interest$1,840
Property Tax$480
Condo Fees$861
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.7%10
Cash-on-Cash
-14.7%0
5-Year IRR
4.4%9
10-Year IRR
6.6%
Returns Index
5.9/ 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
$32,136/yr
NOI
$10,432/yr
Net Cash Flow
-$1,628/mo
Cash Margin
-60.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.353
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
19.7/ 100

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

Comparables

Properties near 40 Nepean Street 2007

Time

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Data last updated within the past 24 hours.