340 McLeod Street 641, Ottawa Centre

$284,900
340 McLeod Street 641

$284,900

New
15d
Condo ApartmentApartment

340 McLeod Street 641, Ottawa Centre

Total Monthly Obligation $1,902

Beds
0
Baths
1
Park
0
Sqft
0-499
DOM
15d
Score
21
Yield
6.8%
Cash on Cash
-2.6%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
13.0%
Property Type-Condo Apartment
MLS® Number-X13877960
Beds-0
Bathrooms-1
Size-0-499 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,804.61 (2026)
Maintenance-$319.14/mo
Locker-None
Parking-None
Basement-None
Heating-Heat Pump (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-To Be Arranged
Neighbourhood-4103 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 641 at 340 McLeod Street, a thoughtfully designed bachelor condo located in the highly sought-after "Hideaway" building in the heart of Ottawa's vibrant Centretown. This sophisticated studio unit is designed with an open-concept living space that blends modern industrial aesthetics with everyday utility. The interior features high ceilings, floor-to-ceiling windows that flood the unit with natural light, sleek quartz countertops, premium stainless steel appliances, practical in-suite laundry, and a full 1-bathroom. Step outside onto your private balcony to enjoy your morning coffee. Living in this premium mid-rise property gives you exclusive access to spectacular resort-style building amenities, including a heated outdoor saltwater pool complete with private cabanas and a BBQ terrace, a fully equipped fitness centre, a private movie theatre room, a stylish party room with a pool table, and executive concierge services. With heat and water conveniently covered in your condo fees, this turnkey property offers an unbeatable modern lifestyle just steps from Bank Street, Elgin Street, local cafes, the Canadian Museum of Nature, and central transit hubs.

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

Closing Costs

Mortgage Amount
$227,920
Land Transfer Taxes$2,749
Legal Fees (Est.)
$
Total cash required for closing$61,229

Total Monthly Obligation

$1,902/mo
Mortgage $1,149
Monthly Loss $1,600
Principal$302
Interest$847
Property Tax$234
Condo Fees$319
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.9%1
5-Year IRR
8.9%28
10-Year IRR
10.0%
Returns Index
15.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$19,284/yr
NOI
$8,321/yr
Net Cash Flow
-$456/mo
Cash Margin
-28.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
5.0 mo84
Risk Index
36.3/ 100

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

Comparables

Properties near 340 McLeod Street 641

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.