340 Queen Street 2308, Ottawa Centre

$393,000
340 Queen Street 2308

$393,000

New
15d
Condo ApartmentApartment

340 Queen Street 2308, Ottawa Centre

Total Monthly Obligation $2,118

HausQ Valuation Report
Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
15d
Score
24
Yield
6.2%
Cash on Cash
1.1%
Cap Rate
4.8%
5Y IRR
16.4%
10Y IRR
15.3%
Property Type-Condo Apartment
MLS® Number-X13881958
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Maintenance-$332.8/mo
Locker-Common
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBA
Neighbourhood-4101 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Brand new fully furnished studio condo in Claridge Moon with efficient layout, modern finishes, and direct LRT access in downtown Ottawa, available immediately with no HST. The Titan model offers approximately 510 sq ft of well-designed space, combining living, sleeping, and dining areas into one cohesive layout. The modern kitchen features sleek cabinetry, stone countertops, and stainless steel appliances.Perfect for first-time buyers, investors, or urban professionals, this unit includes in-suite laundry and a private balcony.Enjoy full access to Claridge Moon's amenities including indoor pool, gym, rooftop terrace, party lounge, concierge, and more.Located directly above Lyon LRT Station and steps to everything downtown has to offer, this is one of the most affordable ways to own a brand new condo in Ottawa's core.

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

Closing Costs

Mortgage Amount
$314,400
Land Transfer Taxes$4,370
Legal Fees (Est.)
$
Total cash required for closing$84,470

Total Monthly Obligation

$2,118/mo
Mortgage $1,585
Monthly Loss $1,701
Principal$417
Interest$1,168
Condo Fees$333
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.2%3
5-Year IRR
12.3%53
10-Year IRR
12.5%
Returns Index
27.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$24,264/yr
NOI
$15,444/yr
Net Cash Flow
-$298/mo
Cash Margin
-14.8%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8115
LTV Ratio
80.0%18
Vacancy Buffer
4.5 mo77
Risk Index
36.7/ 100

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

Comparables

Properties near 340 Queen Street 2308

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.