1440 Heron Road 1004, Hunt Club - South Keys and Area

$249,900
1440 Heron Road 1004

$249,900

New
8d
Condo ApartmentApartment

1440 Heron Road 1004, Hunt Club - South Keys and Area

Total Monthly Obligation $2,151

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
8d
Score
23
Yield
10.1%
Cash on Cash
2.1%
Cap Rate
5.0%
5Y IRR
17.2%
10Y IRR
16.0%
Property Type-Condo Apartment
MLS® Number-X14082902
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,258.14 (2026)
Maintenance-$754.7/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-EXP REALTY
Cooling-None
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-TBD
Neighbourhood-3802 - Heron Gate
Title-Residential Condo & Other

No agent assigned

Conveniently located just off Bank Street, this bright and well maintained condo offers excellent access to some of the city's most popular destinations. Enjoy being just minutes from Mooney's Bay Beach, approximately ten minutes from Ottawa Macdonald-Cartier International Airport, Carleton University, and The Ottawa Hospital, along with many shops, restaurants, and everyday amenities nearby. Situated on the 10th floor, the private balcony offers a great view and a perfect place to relax above the city. Inside, the spacious living room features 9 foot ceilings and large patio doors that fill the space with natural light. The unit offers hardwood flooring throughout the main living areas with tile in the bathrooms and entryway for durability and style. The kitchen features clean white cabinetry, modern appliances, and bright finishes that complement the light coloured walls throughout the home, creating a welcoming and airy atmosphere. The spacious primary bedroom includes a private ensuite bathroom, adding comfort and convenience to this well located condo. Some exterior photos have been digitally enhanced (AI) to showcase seasonal landscaping/lighting and may not reflect current conditions.

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

Closing Costs

Mortgage Amount
$199,920
Land Transfer Taxes$2,224
Legal Fees (Est.)
$
Total cash required for closing$53,704

Total Monthly Obligation

$2,151/mo
Mortgage $1,008
Monthly Loss $1,886
Principal$265
Interest$743
Property Tax$188
Condo Fees$755
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.8%48
10-Year IRR
12.5%
Returns Index
24.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$25,248/yr
NOI
$9,009/yr
Net Cash Flow
-$257/mo
Cash Margin
-12.2%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.7412
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo76
Risk Index
35.3/ 100

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

Comparables

Properties near 1440 Heron Road 1004

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.