429 Somerset Street, Unit 405, Ottawa Centre, ON
Property no longer active
This property was sold on April 17, 2025. 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 brick and stone construction, this residence presents an exceptional opportunity offered at $286,500 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
- Generous living space spanning 500-599 sqft
- 0.0 total parking spaces available
- Notable attributes: Carpet Free, Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to The Strand a stylish and functional studio in the vibrant heart of Centretown! This impeccably maintained unit features a spacious open-concept design with sleek laminate flooring throughout. The contemporary layout includes a fully equipped kitchen with stainless steel appliances and a generous breakfast bar, ideal for both everyday living and hosting guests. Enjoy the added luxury of a walk-in closet, offering plenty of storage, and the convenience of in-unit laundry. Step outside onto your private balcony, the perfect spot to unwind with your morning coffee or evening tea. Located just moments from downtowns best restaurants, coffee shops, and bakeries, this condo offers unbeatable convenience. Plus, with easy access to public transit and bike paths, commuting is a breeze. Experience the best of urban living at The Strand!
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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 470 days. This property is listed at $286,500 with an estimated mortgage of $954* per month. It has 0 beds, 1 bathroom, and is 500-599 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
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Carpet Free, Water Heater Owned
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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 405, Ottawa Centre, ON K2P 2P5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
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About Purchasing a Home in Ottawa Centre, ON
For a property listed at $286,500 in Ottawa Centre, the legal minimum down payment is $14,325 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 $2,773 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 $2,773.
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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.