340 Queen Street 806, Ottawa Centre

$497,900
340 Queen Street 806

$497,900

New
15d
Condo ApartmentApartment

340 Queen Street 806, Ottawa Centre

Total Monthly Obligation $2,672

Beds
1
Baths
1
Park
0
Sqft
700-799
DOM
15d
Score
21
Yield
5.4%
Cash on Cash
-2.6%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
12.9%
Property Type-Condo Apartment
MLS® Number-X13881994
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Maintenance-$463.36/mo
Locker-Owned
Parking-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 approximately 680-710 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.

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

Closing Costs

Mortgage Amount
$398,320
Land Transfer Taxes$6,433
Legal Fees (Est.)
$
Total cash required for closing$107,513

Total Monthly Obligation

$2,672/mo
Mortgage $2,008
Monthly Loss $2,143
Principal$529
Interest$1,480
Condo Fees$463
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
10.0%35
10-Year IRR
10.6%
Returns Index
18.6/ 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
$26,976/yr
NOI
$16,318/yr
Net Cash Flow
-$649/mo
Cash Margin
-28.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
29.7/ 100

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

Comparables

Properties near 340 Queen Street 806

Time

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