111 Echo Drive 406, Glebe - Ottawa East and Area

$1,369,900
111 Echo Drive 406

$1,369,900

Price Change
133d
Condo ApartmentApartment

111 Echo Drive 406, Glebe - Ottawa East and Area

Total Monthly Obligation $10,041

Bed+Den
3+1
Baths
3
Park
2
Sqft
3000-3249
DOM
133d
Score
18
Yield
8.2%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Condo Apartment
MLS® Number-X13439514
Bed+Den-3+1
Bathrooms-3
Size-3000-3249 sqft
Listed on site-Jun 12, 2026
Style-Apartment
Building Type-Condo Apartment
Age-51-99
Taxes-$13,070.82 (2026)
Maintenance-$3,226.04/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-4408 - Ottawa East
Title-Residential Condo & Other

No agent assigned

Few addresses in Ottawa offer the prestige, views and lifestyle of Canal One Eleven. Encompassing more than 3,000 square feet, this exceptional residence enjoys sweeping views of the Rideau Canal, where the scenery changes with the seasons, from skaters gliding across the ice in winter to cyclists, runners and paddlers enjoying the water's edge in warmer months. A grand foyer welcomes you into beautifully proportioned living spaces designed for both elegant entertaining and comfortable living. Expansive windows flood the home with light while framing spectacular views throughout the principal rooms. The spacious living and dining areas flow seamlessly to a private balcony, creating the perfect setting for morning coffee, evening cocktails or simply watching the world go by. A spacious private den with custom built-ins provides an ideal home office, third bedroom, library or quiet retreat. The kitchen combines thoughtful design with premium finishes, featuring a cooktop, Miele wall oven, built-in appliances and a generous breakfast area. The expansive primary suite features generous closet space and a luxurious 6-piece ensuite with a soaker tub, glass shower, double vanity and bidet. The second bedroom enjoys its own ensuite, making it ideal for guests or family. In unit laundry, TWO underground parking spaces and a storage locker add everyday convenience. Developed by renowned Ottawa builder William Teron, Canal One Eleven is one of the city's most celebrated luxury condominiums, offering outstanding construction and amenities including concierge service, indoor saltwater pool, fitness centre, squash court, golf cages, sauna and hot tub. Peaceful and quiet, yet minutes from Parliament Hill, the University of Ottawa, the National Arts Centre, the National Gallery, Lansdowne Park and fine dining. Rarely does an opportunity arise to enjoy this level of space, luxury and waterfront living in one of Ottawa's most iconic condominium addresses.

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

Closing Costs

Mortgage Amount
$1,095,920
Land Transfer Taxes$23,873
Legal Fees (Est.)
$
Total cash required for closing$299,353

Total Monthly Obligation

$10,041/mo
Mortgage $5,526
Monthly Loss $8,587
Principal$1,454
Interest$4,072
Property Tax$1,089
Condo Fees$3,226
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.7%1
5-Year IRR
10.7%41
10-Year IRR
11.5%
Returns Index
21.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$111,816/yr
NOI
$46,451/yr
Net Cash Flow
-$1,655/mo
Cash Margin
-17.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
1.0 mo16
Risk Index
14.8/ 100

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

Comparables

Properties near 111 Echo Drive 406

Time

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