138 SOMERSET Street, Ottawa Centre, ON

$385,000
MLS#:X9458990
1 beds
1 baths
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of 4104 - Ottawa Centre/Golden Triangle. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $385,000 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
  • Thoughtfully designed floor plan offering excellent spatial utility and privacy
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 0.0 total parking spaces available
  • equipped with central air central cooling and highly efficient heat pump heating via gas

Description

Flooring: Tile, Flooring: Hardwood, A wonderful life for the Urban Buyer. A location that has it all - a friendly & diverse neighbourhood that provides a great blend of amenities at your doorstep. Beautifully kept 1 bedrm and 1 bathrm with balcony. This move in condition apartment provides a wonderful lifestyle both inside & out. This floor plan showcases an open-concept layout (main rooms over 28" long), enjoying through vistas to your balcony where you can relax and enjoy the urban street life. A great kitchen with walls of cupboards and counter space. Notable are the floor to ceiling window/doors. A sleek and stylish main bathroom with laundry. The spacious bedrm has a generous closet. Enjoy a rooftop terrace offering breathtaking vistas, a solarium with seating areas, BBQ facilities, a conference room, a library, bicycle storage & elevators. Minutes from Parliament Hill, downtown offices, U of O, the LRT, plus walking and bike paths along the Canal. Bike score 99 walk score 98. 24 hr irrevocable on offers.

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Property Summary

This condo apartment located at 138 SOMERSET Street, Ottawa Centre is currently for sale and has been available on SousaSells for 654 days. This property is listed at $385,000 with an estimated mortgage of $1,282* per month. It has 1 bed, 1 bathroom, and is unknown square feet. 138 SOMERSET Street, Ottawa Centre is in the 4104 - Ottawa Centre/Golden Triangle neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
1
Bathrooms
1
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateOctober 12, 2024
Sold price information is available to members only
Listed Date9/29/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick, Stucco (Plaster)
BasementUnfinished
CountyOttawa
Annual Tax$3,060
Legal DescriptionUNIT 12, LEVEL 9, OTTAWA-CARLETON STANDARD CONDOMINIUM PLAN NO. 795 AND ITS APPURTENANT INTEREST. THE DESCRIPTION OF THE CONDOMINIUM PROPERTY IS : PART OF LOT 58 AND ALL OF LOTS 59 AND 60 PLAN 15558, SOUTH SIDE SOMERSET STREET BEING PART 1 ON PLAN 4R21973; OTTAWA. S/T AND T/W AS SET OUT IN SCHEDULE "A" OF DECLARATION OC891488.

Parking & Garage

Parking Spaces0.0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

Public Transit, Park

Interior Features

Security Features

Community Features

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Location

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138 SOMERSET 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 138 SOMERSET Street W 912, Ottawa Centre, ON K2P 0A3

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.

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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 Rate4.00%
Down Payment$115,500 (30.0%)
* Minimum Canadian down payment required for this price is $19,250.
Amortization Period30 Years
Estimated Monthly Payment$1,282Based on a loan of $269,500 over 30 years.
Purchase Price$385,000
Loan Amount$269,500
Provincial Land Transfer Tax:$4,250
Total Estimated Closing Taxes:$4,250

About Purchasing a Home in Ottawa Centre, ON

For a property listed at $385,000 in Ottawa Centre, the legal minimum down payment is $19,250 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 $4,250 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 $4,250.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 4104 - Ottawa Centre/Golden Triangle, Ottawa Centre.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$935,466

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.