200 Lett Street 201, West Centre Town

$509,999
200 Lett Street 201

$509,999

New
22d
Condo Apartment1 Storey/Apt

200 Lett Street 201, West Centre Town

Total Monthly Obligation $3,457

Beds
1
Baths
1
Park
1
Sqft
900-999
DOM
22d
Score
15
Yield
5.0%
Cash on Cash
-12.6%
Cap Rate
1.9%
5Y IRR
5.8%
10Y IRR
7.0%
Property Type-Condo Apartment
MLS® Number-X13850406
Beds-1
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 1, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$4,853.32 (2026)
Maintenance-$795.4/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER RHODES & COMPANY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-4204 - West Centre Town
Title-Residential Condo & Other

No agent assigned

Welcome to 200 Lett Street, unit 201! This spacious 1 bedroom + den, 1 bathroom condo offers a peaceful retreat while keeping you close to everything downtown has to offer. Including 1 parking space, 1 storage locker, and a private balcony overlooking the beautifully landscaped courtyard. Step inside and you'll immediately notice the impressive wall of floor-to-ceiling windows in the living room. The kitchen features granite countertops, a large island perfect for entertaining, ample cabinetry, and newer stainless steel appliances. The spacious den, conveniently located just off the kitchen, offers excellent flexibility as a home office, dining room, or additional living space. The primary bedroom features brand-new luxury vinyl plank flooring, an impressive walk-in closet, and floor-to-ceiling windows overlooking the courtyard. The recently updated bathroom offers the rare convenience of two showers, while the in-suite laundry room provides additional storage space. With no carpet throughout, this condo is stylish, practical, and move-in ready! Residents of 200 Lett enjoy an impressive array of amenities, including a rooftop terrace with stunning views of the Ottawa River and Parliament, a gym, spacious party room, and library. Location is everything, enjoy easy access to the scenic walking and biking pathways along the Ottawa River, walk to Parliament, take advantage of nearby public transit, conveniently beside the Pimisi LRT stop and ease of access to the bridges to Gatineau. The property is also next to the Bluesfest fairgrounds in July, making summer entertainment just steps away! Looking ahead, the future Ottawa Senators arena will add another exciting destination within walking distance. If you're looking for a quiet condo, exceptional amenities and a downtown active lifestyle, 200 Lett Street, Unit 201 is a must-see! Heat and water included in condo fee. Flooring: Hardwood, LVP, and Tile. 982 sqft as per builder plans.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$407,999
Land Transfer Taxes$6,675
Legal Fees (Est.)
$
Total cash required for closing$110,175

Total Monthly Obligation

$3,457/mo
Mortgage $2,057
Monthly Loss $2,916
Principal$541
Interest$1,516
Property Tax$404
Condo Fees$795
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.2%8
Cash-on-Cash
-17.1%0
5-Year IRR
2.7%6
10-Year IRR
5.3%
Returns Index
4.0/ 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
$25,320/yr
NOI
$5,990/yr
Net Cash Flow
-$1,558/mo
Cash Margin
-73.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.242
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
22.0/ 100

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

Comparables

Properties near 200 Lett Street 201

Time

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Data last updated within the past 24 hours.