40 Nepean Street 1902, Ottawa Centre

$415,000
40 Nepean Street 1902

$415,000

New
5d
Condo ApartmentApartment

40 Nepean Street 1902, Ottawa Centre

Total Monthly Obligation $2,754

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
5d
Score
17
Yield
5.8%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.9%
Property Type-Condo Apartment
MLS® Number-X14091946
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 18, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,792 (2025)
Maintenance-$564/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-RIGHT AT HOME 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

Complete with one heated underground parking space, this stylish 1-bedroom, 1-bathroom condo offers modern urban living in the heart of Ottawa's Centretown. A stunning floor-to-ceiling window floods the living area with natural light, while birch hardwood flooring adds warmth and elegance throughout. The kitchen features granite countertops and stainless-steel appliances, complemented by granite finishes in the 3-piece bathroom. In-unit laundry adds everyday convenience, making this an ideal opportunity for first-time buyers and professionals alike. Enjoy an exceptional collection of building amenities, including 24-hour concierge and security, a fitness centre, indoor pool, sauna, guest suite, and party and conference rooms. The beautifully landscaped outdoor terrace is the perfect spot to unwind, entertain friends, and enjoy summer evenings with outdoor BBQ facilities. With restaurants, cafés, shopping, parks, and everyday essentials just moments away, this is your opportunity to experience vibrant downtown living at its best!

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

Closing Costs

Mortgage Amount
$332,000
Land Transfer Taxes$4,775
Legal Fees (Est.)
$
Total cash required for closing$89,275

Total Monthly Obligation

$2,754/mo
Mortgage $1,674
Monthly Loss $2,313
Principal$441
Interest$1,233
Property Tax$316
Condo Fees$564
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.8%0
5-Year IRR
5.9%14
10-Year IRR
7.7%
Returns Index
8.1/ 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
$24,036/yr
NOI
$8,672/yr
Net Cash Flow
-$951/mo
Cash Margin
-47.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
27.3/ 100

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

Comparables

Properties near 40 Nepean Street 1902

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.