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1 / 0
New4 days ago

508 - 138 Somerset Street W

4104 - Ottawa Centre/Golden Triangle, Ottawa Centre

$299,000

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

Welcome to Unit 508 at Somerset Gardens, where urban convenience meets comfortable modern living in the heart of vibrant Centretown. This thoughtfully designed 1-bedroom plus den condominium offers an ideal blend of functionality, style, and location, just steps from some of Ottawa's most iconic destinations.Inside, you'll find a bright open-concept layout featuring rich hardwood flooring throughout and nearly 700 square feet of intelligently used living space. The kitchen features stainless steel appliances, granite countertops, and a raised breakfast bar, creating a natural flow into the spacious living and dining areas, perfect for both everyday living and entertaining. The versatile den offers excellent flexibility and can easily function as a home office, creative studio, or workout area. In-suite laundry adds to the convenience of daily living, while the private north-facing balcony provides stunning city views and a relaxing space to unwind above the downtown core.Residents of Somerset Gardens enjoy access to excellent amenities, including a stunning rooftop terrace with panoramic city views, a sunroom, party room, library, and secure bicycle storage.Perfectly positioned within walking distance to the Rideau Canal, Elgin Street, Parliament Hill, transit, cafés, restaurants, and everyday essentials - this condo offers an exceptional opportunity to enjoy an active and connected downtown lifestyle.Whether you're a professional, first-time buyer, or someone looking to embrace carefree urban living, Unit 508 delivers comfort, character, and an unbeatable central location. Book your private showing today! ***New washer and dryer (2025); new hardwood flooring (2025)***

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$575
LockerNone
BalconyNone
ExposureNorth
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$3,624
mls© NumberX13793422
Listed BySUTTON GROUP - OTTAWA REALTY
Heat Included
Water Included
CAC 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%
$1,530
Property tax
$302
Heat allowance
$150
Condo fees, half counted
$287
Housing costs
$2,270 / mo

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

Down payment20% · $59,800
25-yr amortization

Income needed

$70,000

gross annual household income

Payment at 4%
$1,258 / mo
Cash down
$59,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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