40 NEPEAN Street, Unit 1, Ottawa Centre, ON

$399,800
MLS#:X9520763
1 beds
1 baths
800-899 sqft
Residential Condo & Other
Loading property media...
⚠️

Property no longer active

This property was sold on January 13, 2026. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of 4102 - Ottawa Centre. Expertly crafted featuring premium metal/steel siding and concrete construction, this residence presents an exceptional opportunity offered at $399,800 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 800-899 sqft
  • Features a none, none basement, adding superb versatility for recreation, a home gym, or extra storage
  • 0.0 total parking spaces available
  • Notable attributes: Unknown
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Price Reduced! Tribeca East! This stunning 1-bedroom + den offers upscale living in the heart of downtown Ottawa. A highly sought after corner unit, The Plaza, offers 875 sq ft of functional, yet stylish living space. Plenty of natural light with floor to ceiling windows, and modern finishes gracing the unit. Hardwood flooring throughout the rooms, tiled flooring in the foyer. Kitchen features granite countertops, tiled backsplash, and stainless-steel appliances. In-suite laundry. Tribeca East enjoys numerous amenities, including 24-hour concierge and security, fitness centre, pool, party and guest rooms. This unit comes with not one, but TWO storage units. Lounge and meet your neighbours in the sunny, friendly outdoor patio/BBQ area. What a great location to call home! Steps to so many of Ottawas iconic landmarks Parliament Hill, the National Arts Centre and the Rideau Canal. Farm Boy around the corner! Parking spaces are readily available for rent. Offers: seller directed 24 hours irrevocable.,

Schedule a Tour

Contact us to schedule a private viewing of this property.

Contact Agent

Generate CMA Report

Property Summary

This condo apartment located at 40 NEPEAN Street, Ottawa Centre is currently for sale and has been available on SousaSells for 655 days. This property is listed at $399,800 with an estimated mortgage of $1,331* per month. It has 1 bed, 1 bathroom, and is 800-899 square feet. 40 NEPEAN 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
800-899 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateFebruary 26, 2025
Sold price information is available to members only
Listed Date10/1/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionMetal/Steel Siding, Concrete
BasementNone, None
CountyOttawa
Annual Tax$4,591
Legal DescriptionUNIT 1, LEVEL 6, OTTAWA-CARLETON STANDARD CONDOMINIUM PLAN NO. 983 AND ITS APPURTENANT INTEREST SUBJECT TO AND TOGETHER WITH EASEMENTS AS SET OUT IN SCHEDULE A AS IN OC1752599 CITY OF OTTAWA

Parking & Garage

Parking Total0.0
Parking Space0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Rec./Commun.Centre, Public Transit, Park

Interior Features

Unknown

Security Features

Concierge/Security, Monitored, Other

Community Features

Virtual Tours

Location

Initializing map...
40 NEPEAN Street, Unit 1, Ottawa Centre, ON
Loading local market trends...

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 40 NEPEAN Street 601, Ottawa Centre, ON K2P 0X5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
Loading stats...

Properties in this area are selling at a steady pace.

Market Trend
Calculating trend...

Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Ottawa Centre.

Configure Loan Settings

Interest Rate4.00%
Down Payment$119,940 (30.0%)
* Minimum Canadian down payment required for this price is $19,990.
Amortization Period30 Years
Estimated Monthly Payment$1,331Based on a loan of $279,860 over 30 years.
Purchase Price$399,800
Loan Amount$279,860
Provincial Land Transfer Tax:$4,472
Total Estimated Closing Taxes:$4,472

About Purchasing a Home in Ottawa Centre, ON

For a property listed at $399,800 in Ottawa Centre, the legal minimum down payment is $19,990 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 $4,472 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 $4,472.

Similar Listings Nearby

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

No elementary schools data loaded.

Secondary Schools

No secondary schools data loaded.

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

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.