340 Queen Street 406, Ottawa Centre

$493,000
340 Queen Street 406

$493,000

New
15d
Condo ApartmentApartment

340 Queen Street 406, Ottawa Centre

Total Monthly Obligation $2,652

HausQ Valuation Report
Beds
1
Baths
1
Park
0
Sqft
700-799
DOM
15d
Score
21
Yield
5.5%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Condo Apartment
MLS® Number-X13882002
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Age-New
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

Welcome to the New Callisto model at Claridge Moon, a brand-new condominium offering approximately 710 sq. ft. corner 1 bedrooom plus den with parking and EV rough-in parking available. The bright open-concept living and dining area features a modern kitchen with quartz or granite counters, stainless steel appliances, and sleek cabinetry. The primary bedroom includes a private ensuite, while the den is ideal for a home office or dining area. Private balcony and in-suite laundry included. For qualified buyers, HST is not included in the purchase price. Full builder's/Tarion warranty covering the unit and appliances. EV rough-in is available, and parking is available at an additional cost. Enjoy exceptional amenities including an indoor pool, fitness centre, rooftop terrace with BBQs, party lounge, theatre room, and concierge. Lyon LRT Station is directly at the base of the building, with Parliament Hill, the financial district, restaurants, shops, and cafes just steps away. A great opportunity to own a brand-new downtown condo without the wait.

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

Closing Costs

Mortgage Amount
$394,400
Land Transfer Taxes$6,335
Legal Fees (Est.)
$
Total cash required for closing$106,435

Total Monthly Obligation

$2,652/mo
Mortgage $1,989
Monthly Loss $2,129
Principal$523
Interest$1,465
Condo Fees$463
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.2%37
10-Year IRR
10.8%
Returns Index
19.4/ 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
$27,120/yr
NOI
$16,448/yr
Net Cash Flow
-$618/mo
Cash Margin
-27.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
30.0/ 100

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

Comparables

Properties near 340 Queen Street 406

Time

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