429 SOMERSET Street, Ottawa Centre, ON
Property no longer active
This property was sold on November 6, 2024. 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 brick construction, this residence presents an exceptional opportunity offered at $384,900 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 0 Bathrooms
- 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 heat pump heating via other
Description
Flooring: Tile, Welcome to 510-429 Somerset, located in the heart of Centretown at the 'Strand' with an impressive walk score of 95! Just steps away from restaurants, cafes, and shops—including groceries—this prime location is also a short walk to the canal, downtown core, and LRT stations. This bright 1-bedroom + DEN unit offers an open-concept design with stunning south-west panoramic views from the balcony, living room, and primary bedroom. The kitchen boasts stainless steel appliances, a chic tile backsplash, new quartz counters, and a breakfast bar—ideal for entertaining. The spacious primary bedroom easily fits a king-sized bed and features wall-to-wall closets. The generous-sized den is perfect for a home office or guests. Building amenities include a party room, bike storage, and a beautiful outdoor patio with BBQ access. Storage locker included. Pet-friendly. Low condo fees, ample underground visitor parking. Perfect for urban chic living or winter lock-and-go convenience. Don’t miss out!, Flooring: Laminate
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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 696 days. This property is listed at $384,900 with an estimated mortgage of $1,281* per month. It has 1 bed, 0 bathrooms, and is unknown 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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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 510, Ottawa Centre, ON K2P 2P5
Based on 0 recent similar sales in the pocket.
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 $384,900 in Ottawa Centre, the legal minimum down payment is $19,245 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 $4,249 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 $4,249.
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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.