429 Somerset Street, Unit 805, Ottawa Centre, ON

$475,000
MLS#:X11880949
2 beds
2 baths
900-999 sqft
1.0 parking
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 brick construction, this residence presents an exceptional opportunity offered at $475,000 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 900-999 sqft
  • 1.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this sun-filled, south-facing gem in the heart of Centertown! This stunning 2 Bedroom, 2 Bathroom corner unit boasts an open-concept layout with gleaming hardwood floors in the Living & Dining areas. The expansive Living room opens onto a beautiful balcony, perfect for relaxing or entertaining while enjoying the serene city views. The spacious Primary Bedroom features a 4-piece Ensuite Bath and a walk-in closet for all your storage needs. The 2nd Bedroom is generously sized, offering flexibility for guests, a home office, or additional living space. In-suite laundry adds convenience to your lifestyle. Located in an amazing central location, this home is ideal for professionals working downtown or anyone seeking quick access to the Queensway. Enjoy the perks of an underground parking spot, a secure storage room, and building amenities that include a party room and a walk-out barbecue area for al fresco dining! Don't miss this opportunity to embrace urban living at its finest! Pets permitted, no restrictions! 24 hour Irrevocable on all offers.

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Property Summary

This condo apartment located at 429 Somerset Street, Ottawa Centre is currently for sale and has been available on SousaSells for 589 days. This property is listed at $475,000 with an estimated mortgage of $1,581* per month. It has 2 beds, 2 bathrooms, and is 900-999 square feet. 429 Somerset 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
2
Bathrooms
2
Kitchens
1
Living Area
900-999 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateDecember 18, 2024
Sold price information is available to members only
Listed Date12/4/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyOttawa
Annual Tax$4,025

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Public Transit

Interior Features

Auto Garage Door Remote

Security Features

Community Features

Virtual Tours

Location

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429 Somerset Street, Unit 805, 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 429 Somerset Street W 805, Ottawa Centre, ON K2P 2P5

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$142,500 (30.0%)
* Minimum Canadian down payment required for this price is $23,750.
Amortization Period30 Years
Estimated Monthly Payment$1,581Based on a loan of $332,500 over 30 years.
Purchase Price$475,000
Loan Amount$332,500
Provincial Land Transfer Tax:$5,975
Total Estimated Closing Taxes:$5,975

About Purchasing a Home in Ottawa Centre, ON

For a property listed at $475,000 in Ottawa Centre, the legal minimum down payment is $23,750 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 $5,975 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 $5,975.

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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.