340 Queen Street 906, Ottawa Centre

$545,000
340 Queen Street 906

$545,000

New
15d
Condo ApartmentApartment

340 Queen Street 906, Ottawa Centre

Total Monthly Obligation $2,947

Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
15d
Score
19
Yield
4.9%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Condo Apartment
MLS® Number-X13881976
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Maintenance-$549.08/mo
Locker-Owned
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
Possession-TBA
Neighbourhood-4101 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Brand new 1-bedroom + den condo in Claridge Moon with balcony, smart layout, and direct LRT access in downtown Ottawa, available immediately with no HST. The New Callisto model offers 710 sq ft of thoughtfully designed space, featuring a versatile den perfect for a home office or additional living area. The open-concept kitchen flows seamlessly into the living and dining space, complete with modern cabinetry, stone countertops, and stainless steel appliances.The spacious bedroom includes ample closet space, while the full bathroom is finished with contemporary fixtures and clean, modern design. Step out onto your private balcony and enjoy elevated city living.This unit includes in-suite laundry and access to some of the best amenities in the downtown core, including a pool, gym, rooftop terrace, party room, concierge, and more.With Lyon Station directly below the building, commuting is effortless. Walk to work, Parliament Hill, restaurants, shops, and entertainment within minutes. A rare opportunity to secure a brand new downtown condo without years of waiting. Parking is included.

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

Closing Costs

Mortgage Amount
$436,000
Land Transfer Taxes$7,375
Legal Fees (Est.)
$
Total cash required for closing$117,875

Total Monthly Obligation

$2,947/mo
Mortgage $2,198
Monthly Loss $2,369
Principal$579
Interest$1,620
Condo Fees$549
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.2%24
10-Year IRR
9.3%
Returns Index
13.5/ 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
$26,976/yr
NOI
$15,289/yr
Net Cash Flow
-$924/mo
Cash Margin
-41.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
26.7/ 100

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

Comparables

Properties near 340 Queen Street 906

Time

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