179 Metcalfe Street 407, Ottawa Centre

$450,000
179 Metcalfe Street 407

$450,000

New
7d
Condo ApartmentApartment

179 Metcalfe Street 407, Ottawa Centre

Total Monthly Obligation $2,928

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
7d
Score
17
Yield
5.4%
Cash on Cash
-8.9%
Cap Rate
2.7%
5Y IRR
8.6%
10Y IRR
9.1%
Property Type-Condo Apartment
MLS® Number-X14085618
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Age-11-15
Taxes-$4,547.44 (2026)
Maintenance-$534.15/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-4102 - Ottawa Centre
Title-Residential Condo & Other

No agent assigned

Experience the best of downtown Ottawa living in this bright, SOUTH-facing 1-bedroom condo, where a highly FUNCTIONAL layout makes every corner count. Set in a modern, amenity-rich building in the heart of Ottawa Centre, this inviting home combines natural light, everyday comfort and a truly walkable lifestyle. An underground parking space and a separate storage locker add valuable convenience in the downtown core. Step inside to a welcoming foyer that leads into an open-concept living and dining area, with generous windows bringing in sunshine and an easy flow that makes the space feel airy and comfortable. There's room to unwind, entertain or work from home, while the private balcony overlooks the courtyard. The practical kitchen features ample cabinetry, a breakfast bar and essential appliances, keeping cooking and casual dining simple. The comfortably sized bedroom provides a peaceful retreat, complemented by a full bathroom and the ease of in-suite laundry. Life beyond your front door is just as appealing: enjoy an indoor swimming pool, fitness centre, rooftop terrace with views of Parliament Hill, Gatineau Park and annual fireworks displays, outdoor patio, guest suites, meeting spaces and concierge service. Best of all, Farm Boy is located on the ground floor and accessible from inside the building, making groceries an effortless part of your routine. Step outside and discover why this location is so desirable. Stroll to Elgin Street's restaurants and cafés, Ottawa City Hall, Parliament Hill, the Rideau Canal, Confederation Park and the National Arts Centre. With shops, transit connections, parks and everyday essentials close at hand, you can spend less time commuting and more time enjoying the city. Whether you're looking for a stylish first home, a convenient downtown pied-à-terre or a smart addition to your real estate portfolio, this is an excellent opportunity to enjoy the energy of Ottawa from a comfortable home base.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$360,000
Land Transfer Taxes$5,475
Legal Fees (Est.)
$
Total cash required for closing$96,975

Total Monthly Obligation

$2,928/mo
Mortgage $1,815
Monthly Loss $2,451
Principal$478
Interest$1,338
Property Tax$379
Condo Fees$534
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.8%0
5-Year IRR
5.1%11
10-Year IRR
7.1%
Returns Index
6.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$24,252/yr
NOI
$8,470/yr
Net Cash Flow
-$1,109/mo
Cash Margin
-54.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.393
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
25.8/ 100

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

Comparables

Properties near 179 Metcalfe Street 407

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.