201 Parkdale Avenue 1506, West Centre Town

$314,900
201 Parkdale Avenue 1506

$314,900

Price Change
22d
Condo ApartmentApartment

201 Parkdale Avenue 1506, West Centre Town

Total Monthly Obligation $2,709

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
22d
Score
18
Yield
8.3%
Cash on Cash
-6.7%
Cap Rate
3.2%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Condo Apartment
MLS® Number-X13852642
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,000.44 (2026)
Maintenance-$905.09/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Seller cannot close before mid-to-late October 2026
Neighbourhood-4201 - Mechanicsville
Title-Residential Condo & Other

No agent assigned

OPEN HOUSE - SUNDAY, OCT 25th 2-4PM. ***SELLER INCENTIVE: SELLER WILL PROVIDE A CLOSING CREDIT EQUAL TO UP TO SIX MONTHS OF CURRENT CONDO FEES!*** Some condos give you a place to live. 201 Parkdale #1506 gives you a front-row seat to the sunset every single night! Perched on the 15th floor of SoHo Parkway, this stylish 1-bedroom, 1-bathroom corner unit showcases panoramic west-facing views over Tunney's Pasture, with the Ottawa River and Gatineau Hills as the backdrop. Floor-to-ceiling windows, 9' ceilings, and an open-concept layout create a bright, modern living space that feels both elevated and effortlessly comfortable. The modern kitchen features quartz counters, sleek white cabinetry, an island with breakfast bar, integrated appliances, and a NEW ('26) over-the-range microwave hood fan. The spa-inspired bathroom features marble vanity countertops, a large glass-enclosed rainfall shower, and newly installed ('26) grout in the floor tile and shower surround. NEW ('26) in-unit Samsung washer and dryer. Hardwood floors throughout. UNDERGROUND PARKING & STORAGE LOCKER INCLUDED. Designed with a boutique hotel-inspired lifestyle in mind, SoHo Parkway offers an impressive collection of amenities, including a fully equipped Dalton Brown gym, private theatre room, boardroom, and a spectacular rooftop terrace with BBQ area, sundeck, hot tub, and sweeping city views. All of this just steps from Hintonburg, Tunney's Pasture LRT, the Parkdale Market, Wellington West restaurants and cafés, the picturesque Ottawa River pathways, and only minutes to downtown Ottawa. This one is not to be missed! Book your private viewing today.

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$
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$251,920
Land Transfer Taxes$3,199
Legal Fees (Est.)
$
Total cash required for closing$67,679

Total Monthly Obligation

$2,709/mo
Mortgage $1,270
Monthly Loss $2,374
Principal$334
Interest$936
Property Tax$333
Condo Fees$905
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.2%0
5-Year IRR
6.0%14
10-Year IRR
8.0%
Returns Index
8.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$26,172/yr
NOI
$6,293/yr
Net Cash Flow
-$746/mo
Cash Margin
-34.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.413
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo61
Risk Index
27.5/ 100

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

Comparables

Properties near 201 Parkdale Avenue 1506

Time

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Data last updated within the past 24 hours.