250 Lett Street 405, West Centre Town

$529,000
250 Lett Street 405

$529,000

New
16d
Condo ApartmentApartment

250 Lett Street 405, West Centre Town

Total Monthly Obligation $3,428

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
16d
Score
19
Yield
6.8%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Condo Apartment
MLS® Number-X13874446
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,477.95 (2026)
Maintenance-$721.25/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, Stone
Possession-TBD
Neighbourhood-4204 - West Centre Town
Title-Residential Condo & Other

No agent assigned

Welcome to 405-250 Lett Street, where city living meets the best of LeBreton Flats. This spacious 861 sq. ft. condo offers 2 bedrooms, 2 bathrooms and underground parking, with a thoughtfully designed layout and an incredible outlook toward Adisoke; Ottawa's new central library. Step outside and you're surrounded by some of the city's best walking and cycling paths, with the Ottawa River, Canadian War Museum, Pimisi LRT and downtown all within easy reach. Inside, the open-concept living and dining space offers plenty of room to relax or entertain, while two well-proportioned bedrooms and two full bathrooms provide flexibility for everyday living, guests or a home office. The building itself is a standout, offering an indoor pool, fitness centre, party room, bike storage and a rooftop terrace with BBQs - an incredible spot to take in the city views and even catch the sights and sounds of Bluesfest from home. Whether you're walking along the river, hopping on the LRT or watching LeBreton Flats continue to evolve right outside your window, this is an opportunity to live in one of Ottawa's most exciting and connected communities. Urban convenience, green space and an exceptional location come together at 250 Lett Street.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$423,200
Land Transfer Taxes$7,055
Legal Fees (Est.)
$
Total cash required for closing$114,355

Total Monthly Obligation

$3,428/mo
Mortgage $2,134
Monthly Loss $2,867
Principal$562
Interest$1,572
Property Tax$373
Condo Fees$721
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.8%34
10-Year IRR
10.6%
Returns Index
18.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$35,940/yr
NOI
$16,813/yr
Net Cash Flow
-$733/mo
Cash Margin
-24.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
24.2/ 100

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

Comparables

Properties near 250 Lett Street 405

Time

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Data last updated within the past 24 hours.