1 Meridian Place 308, South of Baseline to Knoxdale

$475,000
1 Meridian Place 308

$475,000

New
42d
Condo Apartment1 Storey/Apt

1 Meridian Place 308, South of Baseline to Knoxdale

Total Monthly Obligation $3,120

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
42d
Score
16
Yield
5.1%
Cash on Cash
-10.8%
Cap Rate
2.3%
5Y IRR
7.1%
10Y IRR
8.0%
Property Type-Condo Apartment
MLS® Number-X13774394
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 11, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,796.89 (2026)
Maintenance-$687.53/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER RHODES & COMPANY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stone
Possession-Vacant
Neighbourhood-7607 - Centrepointe
Title-Residential Condo & Other

No agent assigned

Welcome to life at 1 Meridian Place! This move-in ready unit at The Meridian offers two bedrooms, two full bathrooms, one storage locker and one underground parking space. Upon entering the condo there is a foyer with closet and utility room with convenient in-unit laundry. The open concept dining room and living room is wonderful space for entertaining guests and has a large window overlooking the central garden and bbq area. Kitchen offers fridge, stove, dishwasher with plenty of counter top space. The primary bedroom carpet flooring, large window, and a 4 piece en-suite bath with grab bars in the tub. The secondary bedroom with new LVP flooring is on the opposite side of the condo with access to the 3-piece bathroom. There are many amenities such as a party room with pool table, ping pong table, fireplace, television and its own kitchen and library. There is a guest suite available to book for guests to stay in, and exercise room on the 4th floor. A communal workshop and storage locker are located on the 1st floor. The amenities are connected to the two buildings (1 Meridian and 3 Meridian) via a walkway. A very social building with plenty of activities , like weekly coffee mornings and happy hour on Fridays! Centrally located, walking distance to Ottawa Public Library, Centerpointe Theatre, restaurants, and College Square Mall. Be part of the lovely community at The Meridian! Some photos are virtually staged.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$380,000
Land Transfer Taxes$5,975
Legal Fees (Est.)
$
Total cash required for closing$102,475

Total Monthly Obligation

$3,120/mo
Mortgage $1,916
Monthly Loss $2,616
Principal$504
Interest$1,412
Property Tax$316
Condo Fees$688
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.5%10
Cash-on-Cash
-15.4%0
5-Year IRR
3.9%8
10-Year IRR
6.2%
Returns Index
5.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$24,084/yr
NOI
$7,228/yr
Net Cash Flow
-$1,314/mo
Cash Margin
-65.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.312
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
24.2/ 100

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

Comparables

Properties near 1 Meridian Place 308

Time

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