646 Cummings Avenue 304, Overbrook - Castleheights and Area

$260,000
646 Cummings Avenue 304

$260,000

New
15d
Condo ApartmentApartment

646 Cummings Avenue 304, Overbrook - Castleheights and Area

Total Monthly Obligation $1,988

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
15d
Score
22
Yield
8.5%
Cash on Cash
0.2%
Cap Rate
4.6%
5Y IRR
15.7%
10Y IRR
14.8%
Property Type-Condo Apartment
MLS® Number-X13878350
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,321.2 (2026)
Maintenance-$545.99/mo
Locker-Owned
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone, Stucco (Plaster)
Possession-TBD
Neighbourhood-3504 - Castle Heights/Rideau High
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and beautifully maintained one-bedroom condo, ideally located within walking distance of Montfort Hospital, La Cité, CMHC, NRC, shopping, and public transit. Situated on the third floor, this inviting unit offers a functional open-concept layout with an abundance of natural light throughout. The living and dining areas feature hardwood flooring and large windows, creating a comfortable space for everyday living. The kitchen offers ample cabinetry, generous storage, and stainless steel appliances, while the generously sized bedroom features large windows and plenty of closet space. Thoughtfully designed to maximize every square foot, this condo is an excellent option for first-time buyers, downsizers, or investors. Conveniently located just a short drive from downtown Ottawa, the University of Ottawa, St. Laurent Shopping Centre, Gloucester Centre, and CSIS, with easy access to major commuter routes and everyday amenities. One parking space and a storage locker are included.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$208,000
Land Transfer Taxes$2,375
Legal Fees (Est.)
$
Total cash required for closing$55,875

Total Monthly Obligation

$1,988/mo
Mortgage $1,049
Monthly Loss $1,712
Principal$276
Interest$773
Property Tax$193
Condo Fees$546
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.6%40
10-Year IRR
11.5%
Returns Index
20.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$22,176/yr
NOI
$8,685/yr
Net Cash Flow
-$325/mo
Cash Margin
-17.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo81
Risk Index
36.3/ 100

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

Comparables

Properties near 646 Cummings Avenue 304

Time

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