646 Cummings Avenue 401, Overbrook - Castleheights and Area

$265,000
646 Cummings Avenue 401

$265,000

Price Change
45d
Condo ApartmentApartment

646 Cummings Avenue 401, Overbrook - Castleheights and Area

Total Monthly Obligation $2,175

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
45d
Score
25
Yield
9.9%
Cash on Cash
3.2%
Cap Rate
5.3%
5Y IRR
18.1%
10Y IRR
16.7%
Property Type-Condo Apartment
MLS® Number-X13752750
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Sep 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,906 (2026)
Maintenance-$664/mo
Locker-Exclusive
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone, Stucco (Plaster)
Possession-Flexible
Neighbourhood-3504 - Castle Heights/Rideau High
Title-Residential Condo & Other

No agent assigned

For anyone looking for a 2 bedroom / 2 bathroom condo with ample space, quality finishes, and a central location at an UNBELIEVABLE PRICE, this one's for you! Conveniently situated, this boutique condo is close to numerous schools, all the amenities of Beechwood and St. Laurent and easy access to transit, while also surrounded by numerous parks, greens pace, cycling/running paths along the Aviation Parkway and just a short distance to the beautiful Ottawa River trails and Rockliffe parkway. Living here, you can enjoy being both centrally located and still close to nature. This unit is ideally located on the TOP FLOOR - so there is no one above you to possible make noise! Enjoy the piece of the top floor. With corner East and South exposure, you will enjoy lots of natural light throughout the day. The unit offers plenty of living space, including an absolutely HUGE kitchen with stainless steel appliances, granite counter-tops, and plenty of prep space, ideal for any home chef or avid entertainer. With ensuite laundry, parking and storage included, what more could you ask for?? Recent updates include a new stainless steel fridge and two new HVAC units (AC/heat pump) in living room and shared by both bedrooms.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$212,000
Land Transfer Taxes$2,450
Legal Fees (Est.)
$
Total cash required for closing$56,950

Total Monthly Obligation

$2,175/mo
Mortgage $1,069
Monthly Loss $1,894
Principal$281
Interest$788
Property Tax$242
Condo Fees$664
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.4%3
5-Year IRR
12.8%56
10-Year IRR
13.2%
Returns Index
28.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$26,232/yr
NOI
$10,335/yr
Net Cash Flow
-$208/mo
Cash Margin
-9.5%1
Cash Flow Index
0.7/ 100
Risk Profile
Weight: 20%
DSCR
0.8114
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo75
Risk Index
35.9/ 100

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

Comparables

Properties near 646 Cummings Avenue 401

Time

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