255 Bay Street, Ottawa Centre, ON

$450,000
MLS#:X13544106
1 beds
1 baths
600-699 sqft
1.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable 1 Storey/Apt condo apartment located in the coveted neighborhood of 4102 - Ottawa Centre. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $450,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 1 Bedroom and 1 Bathroom
  • Generous living space spanning 600-699 sqft
  • 1.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Other
  • equipped with central air central cooling and highly efficient heat pump heating via other

Description

Located in the heart of Centre Town, this bright and modern condo offers a clean, open-concept layout designed for both everyday living and entertaining. The sleek all-granite surface, all-white kitchen features a large center island with seating, ample cabinetry, and flows seamlessly into the living and dining (or flex office/library) area, all complemented by rich hardwood flooring. Floor-to-ceiling windows fill the space with natural light and lead to a spacious private balcony with sweeping city views-complete with included patio furniture, creating the perfect extension of your living space for relaxing or hosting. This unit is further enhanced with smart lighting in the kitchen, living room, and balcony, a custom bathroom cabinet by California Closets, two bedroom dressers and custom window blinds. A storage locker and underground parking space are also included, adding everyday convenience. What truly sets this property apart is its proximity to premium building amenities, located just one level up-offering a unique extension of your living space literally just steps away (reference video). Enjoy effortless access to a penthouse-level party room, indoor infinity pool, sauna, and gym, creating a private, resort-style experience that feels like your own personal sanctuary. Additional amenities include a rooftop terrace, multi-use kitchen, patio, intercom, and security. Condo fees cover general maintenance and repair as well as garbage removal, providing a low-maintenance lifestyle in one of the city's most desirable central locations. Walk within minutes to O-Train, Ottawa's best restaurants, Parliament Hill, Lebreton Flats/ByWard Market, the Ottawa River/Canal, outdoor open green spaces/parks and everything that makes Ottawa great!

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Key Features

Bedrooms
1
Bathrooms
1
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusActive
Listed Date7/9/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural Style1 Storey/Apt
ConstructionConcrete
BasementNone
CountyOttawa
Annual Tax$4,351.41

Parking & Garage

Parking Spaces1.0
Garage TypeBuilt-In

Heating & Cooling

Heat SourceOther
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

Clear View, Library

Interior Features

Other

Security Features

Concierge/Security

Community Features

Location

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255 Bay Street, Ottawa Centre, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 255 Bay Street 1701, Ottawa Centre, ON K1R 0C5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Ottawa Centre.

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Interest Rate5.25%
Down Payment$22,500 (5.0%)
* Minimum Canadian down payment required for this price is $22,500.
Amortization Period25 Years
Estimated Monthly Payment$2,548Based on a loan of $427,500 over 25 years.
Purchase Price$450,000
Loan Amount$427,500
Provincial Land Transfer Tax:$5,475
Total Estimated Closing Taxes:$5,475

About Purchasing a Home in Ottawa Centre, ON

For a property listed at $450,000 in Ottawa Centre, the legal minimum down payment is $22,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $5,475 for this transaction. As this listing is in Ottawa Centre (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,475.

Nearby Listings

Distance:

No current listings found in Ottawa Centre.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Ottawa Centre.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$686,834

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.