255 BAY Street, Ottawa Centre, ON

$299,500
MLS#:X9456367
0 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 4102 - Ottawa Centre. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $299,500 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
  • Thoughtfully designed floor plan offering excellent spatial utility and privacy
  • Features a none, none 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 forced air heating via gas

Description

Flooring: Tile, The epitome of downtown living: "The Bowery". A short walk to fine restaurants, Parliament, the Supreme Court, Chinatown and the Lyon LRT station. Live in a modern chic environment in the heart of the city. Stunning Studio Condo with hardwood floors, Quartz counters and stainless steel appliances. Luxurious and convenient lifestyle that will exceed expectations. Party room with outdoor patio and BBQ provides panoramic views of the city. Indulge in an indoor salt water pool with private sundeck. Unwind in the huge sauna providing tranquility for the day. Perhaps a workout too, in the well appointed Gym. Out of town guests have the option of staying in either of 2 guest suites. Discover why this modern studio is the perfect place to call home. Some furnishings may be available, they provide surprising additional storage. Come visit and be surprised., Flooring: Hardwood

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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 688 days. This property is listed at $299,500 with an estimated mortgage of $997* per month. It has 0 beds, 1 bathroom, and is unknown 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
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateSeptember 19, 2024
Sold price information is available to members only
Listed Date8/27/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone, None
CountyOttawa
Annual Tax$2,303
Legal DescriptionUnit 8, Level 3, Ottawa Carleton Condoiminium Plan 1019

Parking & Garage

Parking Spaces0.0

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Rec./Commun.Centre, Park

Interior Features

Security Features

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 308, 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$89,850 (30.0%)
* Minimum Canadian down payment required for this price is $14,975.
Amortization Period30 Years
Estimated Monthly Payment$997Based on a loan of $209,650 over 30 years.
Purchase Price$299,500
Loan Amount$209,650
Provincial Land Transfer Tax:$2,968
Total Estimated Closing Taxes:$2,968

About Purchasing a Home in Ottawa Centre, ON

For a property listed at $299,500 in Ottawa Centre, the legal minimum down payment is $14,975 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 $2,968 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 $2,968.

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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.