646 Cummings Avenue 202, Overbrook - Castleheights and Area

$299,900
646 Cummings Avenue 202

$299,900

New
71d
Condo ApartmentApartment

646 Cummings Avenue 202, Overbrook - Castleheights and Area

Total Monthly Obligation $2,309

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
71d
Score
24
Yield
9.2%
Cash on Cash
2.7%
Cap Rate
5.2%
5Y IRR
17.7%
10Y IRR
16.4%
Property Type-Condo Apartment
MLS® Number-X13672138
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Aug 13, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,062.96 (2025)
Maintenance-$644.3/mo
Locker-Exclusive
Parking-1 - Surface
Basement-None
Heating-Heat Pump (Electric)
Brokerage-RIGHT AT HOME REALTY
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone, Stucco (Plaster)
Possession-Immediate
Neighbourhood-3504 - Castle Heights/Rideau High
Title-Residential Condo & Other

No agent assigned

Ideally located in a highly sought-after area, this well-appointed condo offers an excellent combination of space, quality finishes, and value, just minutes from schools, the amenities of Beechwood and St. Laurent, and with convenient access to public transit, while also being surrounded by parks, green space, and the scenic Ottawa River pathways and parkway, providing a balanced lifestyle of urban convenience and outdoor enjoyment. This spacious two-bedroom, two-bathroom unit features a well-designed layout with generous living areas and a standout oversized updated kitchen complete with stainless steel appliances, granite countertops, a large island, and ample prep and storage space, ideal for both everyday living and entertaining. Additional features include in-unit laundry, dedicated parking, and storage. Recent updates include new kitchen cabinets, island, and granite countertops, a bathroom granite countertop (2021), and new hardwood flooring throughout (2024).

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

Closing Costs

Mortgage Amount
$239,920
Land Transfer Taxes$2,974
Legal Fees (Est.)
$
Total cash required for closing$64,454

Total Monthly Obligation

$2,309/mo
Mortgage $1,210
Monthly Loss $1,991
Principal$318
Interest$891
Property Tax$255
Condo Fees$644
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.3%3
5-Year IRR
12.7%56
10-Year IRR
13.1%
Returns Index
28.5/ 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
$27,708/yr
NOI
$11,743/yr
Net Cash Flow
-$231/mo
Cash Margin
-10.0%1
Cash Flow Index
0.7/ 100
Risk Profile
Weight: 20%
DSCR
0.8115
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo71
Risk Index
34.6/ 100

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

Comparables

Properties near 646 Cummings Avenue 202

Time

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