203 Catherine Street 1106, Ottawa Centre

$324,999
203 Catherine Street 1106

$324,999

New
23d
Condo ApartmentApartment

203 Catherine Street 1106, Ottawa Centre

Total Monthly Obligation $2,386

Beds
1
Baths
1
Park
1
Sqft
500-599
DOM
23d
Score
19
Yield
7.3%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Condo Apartment
MLS® Number-X13859294
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,583 (2026)
Maintenance-$576.19/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBA
Neighbourhood-4103 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Heated underground parking, a private storage locker and an expansive balcony are all included in this 11th-floor, west-facing one-bedroom package at SoBa, 203 Catherine Street, in Centertown on the edge of the Glebe. Enjoy the nine-foot ceilings that give the open-concept layout an airy feel, with hardwood floors in the living area and bedroom, quartz countertops in the kitchen and bathroom, stainless steel appliances (gas cooktop, dishwasher, microwave, fridge) and an ensuite front-load washer and dryer. The west-facing balcony offers an unobstructed view across Ottawa West and beautiful sunsets, and a gas hookup ready for summer BBQs. The parking space comes with a private bicycle rack, and the private storage locker is separate from the building's shared storage area. SoBa offers concierge service, a fitness centre, an outdoor spa pool, the Sky Garden party room, and an outdoor terrace. Starbucks, Shoppers Drug Mart, the LCBO and bus stops are steps away. Bank Street's shops and restaurants, Lansdowne Park and TD Place are within walking distance, with quick access to Highway 417. A smart fit for a first-time buyer, a downsizer or an investor. Sold with the tenant in place; 24 hours' notice for showings.

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

Closing Costs

Mortgage Amount
$259,999
Land Transfer Taxes$3,350
Legal Fees (Est.)
$
Total cash required for closing$69,850

Total Monthly Obligation

$2,386/mo
Mortgage $1,311
Monthly Loss $2,041
Principal$345
Interest$966
Property Tax$299
Condo Fees$576
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.2%1
5-Year IRR
8.0%23
10-Year IRR
9.4%
Returns Index
12.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$23,856/yr
NOI
$8,573/yr
Net Cash Flow
-$597/mo
Cash Margin
-30.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
31.1/ 100

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

Comparables

Properties near 203 Catherine Street 1106

Time

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