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New3 days ago

511 - 429 Somerset Street W

4102 - Ottawa Centre, Ottawa Centre

$399,900

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

Welcome to The Strand, where you can have the downtown lifestyle without giving up the space and extras that make a condo truly feel like home. Beautifully renovated and exceptionally well maintained, this spacious 1-bed + den offers a rare combination of style, function and location in the heart of Centretown. The stunning kitchen was completely renovated in 2021 with crisp white cabinetry, quartz countertops, stylish backsplash, stainless steel appliances and an oversized peninsula made for morning coffee, weeknight dinners or a few friends and a bottle of wine. Engineered hardwood flooring, installed in 2020, flows through the principal living spaces, while the bright, open-concept living and dining area offers something increasingly hard to find downtown: room for a proper dining table, comfortable living room and space to entertain. The dedicated den is another standout, offering a true home office with a Murphy bed that can be included, easily transforming the space for overnight guests. The generous primary bedroom offers excellent closet space, while the beautifully renovated 2021 bathroom features large-format tile, a glass shower enclosure and contemporary finishes. Step outside to your private balcony, then leave the car downstairs and head out on foot. Groceries, coffee shops, restaurants and Bank Street are steps away, with the Glebe, Rideau Canal, Parliament Hill, downtown offices and Lyon LRT all within easy reach. In-suite laundry, a storage locker and convenient underground parking just inside the garage entrance are all included. Condo fees are $505.35/month and include heat and water, plus access to a peaceful courtyard with BBQ terrace, party room, bike storage, car wash station and visitor parking. Beautifully updated, spacious and completely move-in ready, this is downtown living designed for real life. Work from home, host friends for dinner, have guests stay the night, then step outside and enjoy one of Ottawa's most connected neighbourhoods.

Extras

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Got questions?

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$505
LockerOwned
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,632
mls© NumberX13800256
Listed ByRE/MAX HALLMARK REALTY GROUP
Heat Included
Water 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%
$2,047
Property tax
$303
Heat allowance
$150
Condo fees, half counted
$253
Housing costs
$2,752 / mo

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

Down payment20% · $79,980
25-yr amortization

Income needed

$85,000

gross annual household income

Payment at 4%
$1,683 / mo
Cash down
$79,980

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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