61 Cartier Street, Ottawa Centre, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of 4104 - Ottawa Centre/Golden Triangle. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $9,500,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 110 x 116 ft lot size
- Convenient underground garage included
- equipped with no central cooling and highly efficient gas hot water heating
Description
"The air of quiet dignity and seclusion suggested by the tasteful yet imposing entrance to Val Cartier apartments is well borne out by the pleasing interior of this apartment building erected in 1931 at the corner of Cartier and Somerset Streets... The 28 units in the building give a wide diversity of choice to the prospective tenant. These apartments are arranged with three, two and one bedrooms, and there is also a number of most attractive bachelor suites which are roomy, convenient and most inviting. The larger apartments have all the spaciousness that is associated with homes of the better sort." From the article about this "new" apartment building in the 1931 Ottawa newspaper The Evening Citizen. Wrought iron balconies, handsome stone entrance, 27 storage units,14 underground parking spaces, New on demand boiler system, New on demand domestic hot water system, Separate and Breaker panels for each apartment, hardwood floors in apartments, common hallways have tiled floors. Common areas available for showings without requiring tenant notice. 3 x 3 bedroom, 6 x 2 bedroom, 3 x 1 bedroom + den, 14 x 1 bedroom, 2 x bachelor
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 61 Cartier Street, Ottawa Centre, ON K2P 1J4
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About Purchasing a Home in Ottawa Centre, ON
For a property listed at $9,500,000 in Ottawa Centre, the legal minimum down payment is $1,900,000 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 $223,975 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 $223,975.
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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.