340 Queen Street 701, Ottawa Centre

$622,000
340 Queen Street 701

$622,000

New
15d
Condo ApartmentApartment

340 Queen Street 701, Ottawa Centre

Total Monthly Obligation $3,369

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
15d
Score
19
Yield
5.4%
Cash on Cash
-3.1%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.6%
Property Type-Condo Apartment
MLS® Number-X13881998
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Maintenance-$660.01/mo
Locker-Exclusive
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-Concrete
Possession-TBA
Neighbourhood-4101 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Brand new 2-bedroom, 2-bathroom condo plus parking (EV charging rough in available) in Claridge Moon with balcony, modern finishes, and direct LRT access in the heart of downtown Ottawa, available for immediate occupancy with no HST. Welcome to the Atlas model, offering approximately 875 sq ft of well-designed living space with a functional split-bedroom layout, ideal for end users or investors. The open-concept kitchen, living, and dining area is bright and spacious, complete with quartz or granite counters, stainless steel appliances, and sleek cabinetry.The primary bedroom features a private ensuite, while the second bedroom is perfect for guests, a home office, or roommates. Enjoy your own private balcony and in-suite laundry for everyday convenience. Claridge Moon is one of Ottawa's most connected buildings, with Lyon LRT Station directly at the base, putting the entire city within reach. Residents enjoy premium amenities including an indoor pool, fitness centre, rooftop terrace with BBQs, party lounge, theatre room, concierge service, and more.Located steps to Parliament Hill, the financial district, restaurants, shops, and cafes, this is true downtown living without compromise. Ideal opportunity to own a brand new unit without the wait. Parking included.

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

Closing Costs

Mortgage Amount
$497,600
Land Transfer Taxes$8,915
Legal Fees (Est.)
$
Total cash required for closing$134,815

Total Monthly Obligation

$3,369/mo
Mortgage $2,509
Monthly Loss $2,709
Principal$660
Interest$1,849
Condo Fees$660
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.5%1
5-Year IRR
9.8%34
10-Year IRR
10.5%
Returns Index
18.2/ 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
$33,840/yr
NOI
$20,136/yr
Net Cash Flow
-$831/mo
Cash Margin
-29.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
24.7/ 100

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

Comparables

Properties near 340 Queen Street 701

Time

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