201 Parkdale Avenue 406, West Centre Town

$305,000
201 Parkdale Avenue 406

$305,000

New
44d
Condo ApartmentApartment

201 Parkdale Avenue 406, West Centre Town

Total Monthly Obligation $2,683

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
44d
Score
18
Yield
8.6%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Condo Apartment
MLS® Number-X13762900
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 9, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,988 (2026)
Maintenance-$919.92/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick Veneer
Possession-Immediate
Neighbourhood-4201 - Mechanicsville
Title-Residential Condo & Other

No agent assigned

Welcome to the SoHo Parkdale! This stunning one-bedroom, one-bathroom condo blends modern luxury with an unbeatable location. Step inside to a thoughtful layout with nine-foot ceilings and floor-to-ceiling windows that flood the living space with natural light. The kitchen has premium built-in appliances and sleek, durable quartz countertops that are perfect for casual dining or entertaining. The building's amenities include a well equipped fitness centre, a professional meeting and boardroom, and a private theatre room for movie nights. The spectacular 17th-floor rooftop patio offers breathtaking, panoramic views of the Ottawa River. This incredible outdoor space comes complete with community BBQs, lounge chairs, and a rooftop hot tub designed for unwinding under the stars. Unbeatable for convenience, this unit includes the added value of an owned parking space, a private storage locker and in-suite laundry. Located in a highly walkable neighbourhood, you are just steps away from the LRT, trendy shops, cozy cafés, and restaurants. For outdoor enthusiasts, walking and biking trails are right at your doorstep. Whether you are a first-time buyer, a busy professional, or looking for an investment, this condo offers a premium lifestyle you won't want to miss. Some photos are virtually staged.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$244,000
Land Transfer Taxes$3,050
Legal Fees (Est.)
$
Total cash required for closing$65,550

Total Monthly Obligation

$2,683/mo
Mortgage $1,230
Monthly Loss $2,359
Principal$324
Interest$907
Property Tax$332
Condo Fees$920
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.2%0
5-Year IRR
6.0%14
10-Year IRR
8.1%
Returns Index
8.3/ 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
$26,172/yr
NOI
$6,128/yr
Net Cash Flow
-$720/mo
Cash Margin
-33.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.423
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
27.7/ 100

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

Comparables

Properties near 201 Parkdale Avenue 406

Time

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