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Listed 2 months ago

502 - 138 Somerset Street W

4104 - Ottawa Centre/Golden Triangle, Ottawa Centre

$285,000

Condo Apartment |
1 | 1 | 0 | 0
About this home

Located in the heart of Ottawa, this bright and spacious 1-bedroom, 1-bathroom condo offers 630 sq ft of well-designed living space. Perfectly positioned within walking distance to Elgin Street, Parliament Hill, and the University of Ottawa, this condo provides the ultimate in convenience and urban living. The unit features a large kitchen with an abundance of storage, engineered hardwood flooring and a tiled entry and bathroom, the bedroom has a wall of windows, and the living room opens to a large private balcony, ideal for relaxing or entertaining. The building offers fantastic amenities including a rooftop BBQ and patio, perfect for summer evenings, as well as a quiet library space for reading or studying. For cycling enthusiasts, there is convenient bike storage available. With excellent access to public transit and all the shops, restaurants, and cultural attractions Ottawa has to offer, this condo is ideal for professionals, students, or anyone looking for a stylish and central living space. Don't miss your chance to experience the best of downtown Ottawa...schedule your viewing today

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$508
LockerNone
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$3,129
mls© NumberX13644808
Listed ByRE/MAX HALLMARK REALTY GROUP
Heat Included
Water Included
Building Insurance Included
Common Elements Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,459
Property tax
$261
Heat allowance
$150
Condo fees, half counted
$254
Housing costs
$2,124 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $57,000
25-yr amortization

Income needed

$65,000

gross annual household income

Payment at 4%
$1,199 / mo
Cash down
$57,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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