71 Somerset Street, Unit 1705, Ottawa Centre, ON

$732,900
MLS#:X12099265
2 beds
2 baths
1200-1399 sqft
1.0 parking
Residential Condo & Other
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Property no longer active

This property was sold on May 16, 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 4104 - Ottawa Centre/Golden Triangle. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $732,900 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1200-1399 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Other
  • equipped with window unit(s) central cooling and highly efficient other heating via electric

Description

For more info on this property, please click the Brochure button. Exceptional Views & Elegant Finishes in Ottawas Golden Triangle! Enjoy breathtaking 180 views of Parliament Hill, Ottawas skyline, and unforgettable sunsets from this fully renovated 2-bedroom, 2-bath corner condo perched on the 17th floor of a landmark building in the heart of the Golden Triangle. On special occasions, enjoy front-row seats to Parliament Hills fireworks displays from the comfort of your own balcony. Thoughtfully designed with high-end finishes, the open-concept layout features custom millwork, cherrywood floors, crown moulding, and integrated Southam Design storage in the living room and bedrooms. The kitchen is a chefs dream, equipped with premium Miele appliances,induction cooktop and a built-in espresso machine, and quartz countertops. The primary bedroom includes a spacious ensuite with a heated towel rack and multi-jet shower, as well as custom closets with additional hidden storage. The second bathroom, conveniently located near the entrance, features heated flooring for added comfort. Please note: this unit does not include in-suite laundry; shared laundry facilities are available in the building. Residents enjoy excellent amenities including a sauna, party room, bike storage, workshop, and beautifully landscaped outdoor space with BBQs and gardens located next to the visitor parking area. Condo fees include all utilities. Unbeatable central location - just steps from the Rideau Canal, Elgin Street, the University of Ottawa, Rideau Centre, and excellent public transit options, including the O-Train and major bus routes along Elgin Street. Flexible closing available!

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Property Summary

This condo apartment located at 71 Somerset Street, Ottawa Centre is currently for sale and has been available on SousaSells for 451 days. This property is listed at $732,900 with an estimated mortgage of $2,440* per month. It has 2 beds, 2 bathrooms, and is 1200-1399 square feet. 71 Somerset Street, Ottawa Centre is in the 4104 - Ottawa Centre/Golden Triangle 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
1200-1399 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateMay 16, 2025
Sold price information is available to members only
Listed Date4/23/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyOttawa
Annual Tax$5,523

Parking & Garage

Parking Total1.0
Parking Space0
Garage TypeUnderground

Heating & Cooling

Heat SourceElectric
Heat TypeOther
CoolingWindow Unit(s)

Features

Property Features

Arts Centre, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, River/Stream

Interior Features

Other

Security Features

Security System

Community Features

Location

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71 Somerset Street, Unit 1705, 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 71 Somerset Street W 1705, Ottawa Centre, ON K2P 2G2

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$219,870 (30.0%)
* Minimum Canadian down payment required for this price is $48,290.
Amortization Period30 Years
Estimated Monthly Payment$2,440Based on a loan of $513,030 over 30 years.
Purchase Price$732,900
Loan Amount$513,030
Provincial Land Transfer Tax:$11,133
Total Estimated Closing Taxes:$11,133

About Purchasing a Home in Ottawa Centre, ON

For a property listed at $732,900 in Ottawa Centre, the legal minimum down payment is $48,290 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 $11,133 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 $11,133.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 4104 - Ottawa Centre/Golden Triangle, Ottawa Centre.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$935,466

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.