255 Bay Street, Unit 16, Ottawa Centre, ON

$446,000
MLS#:X12374140
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 metal/steel siding and brick construction, this residence presents an exceptional opportunity offered at $446,000 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: Guest Accommodations, Carpet Free
  • equipped with central air central cooling and highly efficient heat pump heating via gas

Description

416-255 Bay Street delivers city living with serious style. Enter through The Bowery's sleek lobby, ride the elevator up, and step into your luxe retreat. A wide foyer opens to a polished open-concept space with 9-foot ceilings. A dramatic island anchors the kitchen complete with high-end European appliances. Sunlight floods the living/dining area. Hosting here feels effortless. Dinner for ten, wine with friends, or simply soaking up the glow from floor-to-ceiling windows. Outside, an extraordinary balcony six feet deep and spanning the full width of the home becomes your private lounge in the sky with chic wood tiles, unobstructed Bay Street views, and the city's energy just beyond.The bedroom impresses with custom California Closets; the bathroom spoils with a deep tub and oversized shower. In-suite laundry, independent in-unit climate control, storage, and parking complete the package. Top it off with stunning rooftop amenities: a saltwater infinity pool, sauna, lounge, fitness/yoga centre and panoramic views, all in Ottawa's trendiest, most walkable neighbourhood. Proximity to transit, parks and the soon to be Ottawa Library at LeBreton Flats.

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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 317 days. This property is listed at $446,000 with an estimated mortgage of $1,485* 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 DateOctober 31, 2025
Sold price information is available to members only
Listed Date9/2/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural Style1 Storey/Apt
ConstructionMetal/Steel Siding, Brick
BasementNone
CountyOttawa
Annual Tax$4,216.44

Parking & Garage

Parking Spaces1.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

Public Transit, School, Park

Interior Features

Guest Accommodations, Carpet Free

Security Features

Concierge/Security

Community Features

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Location

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255 Bay Street, Unit 16, 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 416, 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$133,800 (30.0%)
* Minimum Canadian down payment required for this price is $22,300.
Amortization Period30 Years
Estimated Monthly Payment$1,485Based on a loan of $312,200 over 30 years.
Purchase Price$446,000
Loan Amount$312,200
Provincial Land Transfer Tax:$5,395
Total Estimated Closing Taxes:$5,395

About Purchasing a Home in Ottawa Centre, ON

For a property listed at $446,000 in Ottawa Centre, the legal minimum down payment is $22,300 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 $5,395 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 $5,395.

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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.