40 Nepean Street, Ottawa Centre, ON
Property Highlights
Welcome to this remarkable 1 Storey/Apt condo apartment located in the coveted neighborhood of 4102 - Ottawa Centre. Expertly crafted featuring premium concrete and brick construction, this residence presents an exceptional opportunity offered at $480,000 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 800-899 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free, Storage Area Lockers
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to Tribeca East where downtown living meets modern style.This bright and spacious 2-bedroom, 2-bath condo has it all: underground parking, a storage locker and a sun-soaked interior wrapped in floor-to-ceiling windows. Recently upgraded marble tile flooring flows through the main living areas, adding a sleek, luxurious feel, while the bedrooms keep their warm hardwood finishes for the perfect blend of style and comfort. Quartz countertops, stainless steel appliances, and custom privacy blinds complete the polished look. Step outside your door and enjoy resort-style amenities: a 24-hour concierge, 7,000 sq.ft. landscaped terrace, 4,500 sq. ft. recreation centre with a lap pool and cutting-edge fitness facility, plus rooftop access with jaw-dropping panoramic views of the city. Need groceries? Farm Boy is right downstairs. Want a night out? You're just steps from the ByWard Market, Rideau Canal, Parliament, Elgin Streets buzzing dining scene and endless shopping and entertainment. Vacant and move-in ready, this is your chance to own a stylish downtown retreat in one of Ottawas most coveted addresses. Life at Tribeca East isn't just convenient it's connected, vibrant and full of energy. Some photos from when previously tenanted. Air Conditioning, Building Insurance, Caretaker, Heat, Management Fee,Recreation Facilities, Storage, Water/Sewer are included in the condo fees.
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Parking & Garage
Heating & Cooling
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Carpet Free, Storage Area Lockers
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 40 Nepean Street 503, Ottawa Centre, ON K2P 0X5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Ottawa Centre, ON
For a property listed at $480,000 in Ottawa Centre, the legal minimum down payment is $24,000 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 $6,075 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 $6,075.
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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.