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Listed 11 days ago

701 - 18 Nepean Street

4102 - Ottawa Centre, Ottawa Centre

$315,000

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

Bright and spacious open-concept condo in an intimate boutique building with only 24 residences and 3 units per floor. This move-in-ready suite features a generous bedroom and bathroom, central air, convenient in-suite laundry, underground parking, and two private balconies. With its thoughtful layout and abundance of natural light, this is an ideal home for anyone looking to enjoy a comfortable urban lifestyle without compromising on space. Enjoy unbeatable convenience just steps from the Rideau Canal, Elgin Street, Farm Boy, LCBO, restaurants, cafés, shops, Parliament Hill, NAC, City Hall, ByWard Market, and Ottawa's vibrant cultural scene. A fantastic opportunity for first-time buyers, downsizers, investors, or anyone seeking spacious downtown living with an exceptional combination of location, lifestyle, and value. Recent updates include the removal of popcorn ceilings throughout the condo, a new kitchen countertop, sink, and faucet, as well as a newly renovated bathroom.

Extras

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Got questions?

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size900-999 sq. ft.
Maintenance Fees$1,250
LockerExclusive
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,856
mls© NumberX13762582
Listed ByRE/MAX HALLMARK REALTY GROUP
Water Included
CAC Included
Building Insurance Included
Parking 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%
$1,612
Property tax
$238
Heat allowance
$150
Condo fees, half counted
$625
Housing costs
$2,625 / mo

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

Down payment20% · $63,000
25-yr amortization

Income needed

$81,000

gross annual household income

Payment at 4%
$1,326 / mo
Cash down
$63,000

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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