255 Bay Street, Unit 10, Ottawa Centre, ON

$280,000
MLS#:X12516662
0 beds
1 baths
0-499 sqft
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 brick and metal/steel siding construction, this residence presents an exceptional opportunity offered at $280,000 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.

  • 0 Bedrooms and 1 Bathroom
  • Generous living space spanning 0-499 sqft
  • 0.0 total parking spaces available
  • Notable attributes: Carpet Free, Storage Area Lockers
  • equipped with central air central cooling and highly efficient heat pump heating via gas

Description

Why rent when you can own? Welcome to this stylish studio condo in the heart of Downtown Ottawa, offering unbeatable convenience just steps from Parliament Hill, the ByWard Market, Ottawa University, Lyon Transit Station and the best restaurants and shops the city has to offer. This bright and thoughtfully designed unit features high ceilings, hardwood flooring, and floor-to-ceiling windows that flood the space with natural light. The modern kitchen offers plenty of storage, stainless steel appliances, and quartz countertops, making it both functional and elegant. Step out onto your semi-private balcony, the perfect spot to enjoy your morning coffee or unwind after a busy day. The building's resort-style amenities are truly exceptional, including an indoor pool, sauna, party room, rooftop terrace, fully equipped fitness centre, and guest suites available for visiting friends or family. Plus, there's ample visitor parking, allowing guests to stay for up to three days. Whether you're a first-time buyer, student, or investor, this condo offers the ideal blend of comfort, location, and lifestyle-all in the heart of the city.

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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 253 days. This property is listed at $280,000 with an estimated mortgage of $932* per month. It has 0 beds, 1 bathroom, and is 0-499 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

0
Bathrooms
1
Kitchens
1
Living Area
0-499 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateDecember 1, 2025
Sold price information is available to members only
Listed Date11/5/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural Style1 Storey/Apt
ConstructionBrick, Metal/Steel Siding
BasementNone
CountyOttawa
Annual Tax$2,498.5

Parking & Garage

Parking Spaces0.0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

Public Transit

Interior Features

Carpet Free, Storage Area Lockers

Security Features

Alarm System, Smoke Detector

Community Features

Location

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255 Bay Street, Unit 10, 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 111, 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$84,000 (30.0%)
* Minimum Canadian down payment required for this price is $14,000.
Amortization Period30 Years
Estimated Monthly Payment$932Based on a loan of $196,000 over 30 years.
Purchase Price$280,000
Loan Amount$196,000
Provincial Land Transfer Tax:$2,675
Total Estimated Closing Taxes:$2,675

About Purchasing a Home in Ottawa Centre, ON

For a property listed at $280,000 in Ottawa Centre, the legal minimum down payment is $14,000 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 $2,675 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 $2,675.

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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.