255 Bay Street, Unit 1308, Ottawa Centre, ON

$519,000
MLS#:X11904071
1 beds
1 baths
600-699 sqft
1.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of 4102 - Ottawa Centre. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $519,000 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 underground configuration
  • Notable attributes: Auto Garage Door Remote, Guest Accommodations, Storage Area Lockers
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Now is your chance to live, work and play at the desired Bowery condos + Lofts in the heart of Centretown which provides easy access to LRT, schools, shopping, restaurants & all the benefits of urban living. This bright and chic 1 bedroom plus (flex room ,currently used as a bedroom) & 1 full bath unit on the 13th floor features breathtaking views with its wall-to-wall windows in the living area & primary bedroom. Features include hardwood floors, open concept Kitchen dining living room with large island, Quartz counters, Lots of cupboard space, Stainless Steel Appliances and in unit laundry. This boutique condo has stunning views from the rooftop terrace, fitness center and business room. Other Amenities on 18th floor include: 2 Guest Suites, Indoor Saltwater Pool, Sauna, Roof Top Terrace, Lounge & Dining Room, Exercise Center with Yoga Studio. Locker & 1 underground parking included. PRIMARY BEDROOM being used as an office Flex space being used as a bedroom with a closet no window.,

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Property Summary

This condo apartment located at 255 Bay Street, Ottawa Centre is currently for sale and has been available on SousaSells for 560 days. This property is listed at $519,000 with an estimated mortgage of $1,728* per month. It has 1 bed, 1 bathroom, and is 600-699 square feet. 255 Bay Street, Ottawa Centre is in the 4102 - Ottawa Centre neighborhood.

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

Key Features

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

Additional Details

StatusSold
Sold DateFebruary 19, 2025
Sold price information is available to members only
Listed Date1/2/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyOttawa
Annual Tax$4,000

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Auto Garage Door Remote, Guest Accommodations, Storage Area Lockers

Security Features

Community Features

Location

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255 Bay Street, Unit 1308, 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 1308, 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 Rate4.00%
Down Payment$155,700 (30.0%)
* Minimum Canadian down payment required for this price is $26,900.
Amortization Period30 Years
Estimated Monthly Payment$1,728Based on a loan of $363,300 over 30 years.
Purchase Price$519,000
Loan Amount$363,300
Provincial Land Transfer Tax:$6,855
Total Estimated Closing Taxes:$6,855

About Purchasing a Home in Ottawa Centre, ON

For a property listed at $519,000 in Ottawa Centre, the legal minimum down payment is $26,900 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 $6,855 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 $6,855.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 4102 - Ottawa Centre, Ottawa Centre.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$525,010

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.