340 Queen Street 2604, Ottawa Centre

$938,000
340 Queen Street 2604

$938,000

New
15d
Condo Apartment1 Storey/Apt

340 Queen Street 2604, Ottawa Centre

Total Monthly Obligation $4,826

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
15d
Score
16
Yield
3.9%
Cash on Cash
-9.1%
Cap Rate
2.6%
5Y IRR
8.4%
10Y IRR
9.0%
Property Type-Condo Apartment
MLS® Number-X13881954
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-New
Maintenance-$842.67/mo
Locker-None
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-Aluminum Siding, Concrete
Possession-TBA
Neighbourhood-4101 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Welcome to Penthouse 2604 at 340 Queen Street, a brand new 2-bedroom, 2-bathroom residence in Claridge Moon offering approximately 1,160 sq. ft. of thoughtfully designed living space, a private balcony, 1 parking spot, modern finishes, and direct LRT access in the heart of downtown Ottawa. The Moonlight model features a functional split-bedroom layout with an open-concept kitchen, living, and dining area designed for both everyday living and entertaining. The contemporary kitchen is finished with quartz or granite countertops, stainless steel appliances, and sleek cabinetry, while large windows bring plenty of natural light into the main living space.The primary bedroom includes a private ensuite, while the second bedroom and full bathroom provide flexibility for guests, a home office, or shared living. In-suite laundry and a private balcony add everyday convenience. Located on the penthouse level of Claridge Moon, Penthouse 2604 combines elevated downtown living with exceptional connectivity. Lyon LRT Station is directly connected to the building, making it easy to move throughout the city without stepping outside.Residents also have access to an impressive collection of amenities, including an indoor pool, fitness centre, rooftop terrace with BBQs, party lounge, theatre room, concierge service, and more. Parliament Hill, the downtown business district, restaurants, shops, cafés, and everyday amenities are all close by. Available for immediate occupancy with no HST, Penthouse 2604 at 340 Queen Street is an opportunity to own a brand new downtown residence without the typical new-construction wait.

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

Closing Costs

Mortgage Amount
$750,400
Land Transfer Taxes$15,235
Legal Fees (Est.)
$
Total cash required for closing$204,335

Total Monthly Obligation

$4,826/mo
Mortgage $3,784
Monthly Loss $3,831
Principal$996
Interest$2,788
Condo Fees$843
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.5%0
5-Year IRR
5.8%14
10-Year IRR
7.4%
Returns Index
8.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$36,372/yr
NOI
$20,223/yr
Net Cash Flow
-$2,098/mo
Cash Margin
-69.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
17.7/ 100

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

Comparables

Properties near 340 Queen Street 2604

Time

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