340 Mcleod Street 340, Ottawa Centre

$279,900
340 Mcleod Street 340

$279,900

New
3d
Condo Apartment1 Storey/Apt

340 Mcleod Street 340, Ottawa Centre

Total Monthly Obligation $1,770

Beds
0
Baths
1
Park
0
Sqft
0-499
DOM
3d
Score
24
Yield
7.1%
Cash on Cash
0.9%
Cap Rate
4.8%
5Y IRR
16.3%
10Y IRR
15.2%
Property Type-Condo Apartment
MLS® Number-X14099126
Beds-0
Bathrooms-1
Size-0-499 sqft
Listed on site-Oct 20, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$1,435.53 (2026)
Maintenance-$321.35/mo
Locker-None
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-TBD
Neighbourhood-4103 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

A little New York loft style in the heart of Ottawa! Welcome to Unit 340 at The Hideaway, where industrial-inspired design meets effortless downtown living. This contemporary studio offers a thoughtfully designed layout with 9-foot ceilings, exposed concrete and a generous sleeping area separated from the main living space by three sliding glass panels. Upgraded blackout blinds provide added comfort and privacy, while the open-concept living area offers plenty of flexibility for everyday living. The sleek kitchen features quartz countertops, stainless steel appliances and modern cabinetry. Step outside onto your private west-facing balcony, a quiet spot to unwind away from the energy of the city. In-suite laundry adds everyday convenience. Life at The Hideaway comes with an impressive collection of amenities, including an outdoor swimming pool surrounded by cabanas, a fitness centre, theatre room, party lounge, billiards and inviting outdoor entertaining spaces. And then there's the location! Situated in the heart of Centretown, you're just steps from cafés, restaurants, boutiques and grocery stores, with Elgin Street, the Canadian Museum of Nature, the Glebe and downtown Ottawa all within easy reach. Imagine walking to work, picking up your morning coffee along the way and meeting friends for dinner without ever needing a car. It's an urban lifestyle that puts convenience and connection at your doorstep, with a peaceful retreat waiting when you return home. Offered unfurnished with flexible closing available. No parking or storage locker included. Discover a little New York personality in one of Ottawa's most vibrant neighbourhoods!

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

Closing Costs

Mortgage Amount
$223,920
Land Transfer Taxes$2,674
Legal Fees (Est.)
$
Total cash required for closing$60,154

Total Monthly Obligation

$1,770/mo
Mortgage $1,129
Monthly Loss $1,473
Principal$297
Interest$832
Property Tax$120
Condo Fees$321
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%24
Cash-on-Cash
-5.6%2
5-Year IRR
11.5%46
10-Year IRR
11.9%
Returns Index
24.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$19,884/yr
NOI
$10,204/yr
Net Cash Flow
-$279/mo
Cash Margin
-16.8%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
5.4 mo87
Risk Index
39.2/ 100

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

Comparables

Properties near 340 Mcleod Street 340

Time

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Data last updated within the past 24 hours.