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Sold · 2 bed Condo Apartment · Unit 503, 40 Nepean Street, Ottawa Centre, Ontario K2P 0X5 | HomeSearchCanada

Sold

Unit 503

83 DOM

2283d

Map

DOM 83

Motivated Seller

Sold

Motivated Seller

DOM83days

Unit 503

40 Nepean Street · Ottawa Centre · Ontario K2P 0X5

MLS® X12905408 · 4102 - Ottawa Centre · K2P 0X5

22Vacant800-899 ft²Condo Apartment1-car UndergroundNo basement83d$4,908 tax/yrNo basement

Sold 2026-08-12

83 days on market

About this home

Welcome to Tribeca East where downtown living meets modern style.This bright and spacious 2-bedroom, 2-bath condo has it all: underground parking, a storage locker and a sun-soaked interior wrapped in floor-to-ceiling windows. Recently upgraded marble tile flooring flows through the main living areas, adding a sleek, luxurious feel, while the bedrooms keep their warm hardwood finishes for the perfect blend of style and comfort. Quartz countertops, stainless steel appliances, and custom privacy b…

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Property details

MLS#: X12905408
Status: Sold
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 8
Kitchens: 1
Size: 800-899Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Vacant
Washrooms: 3 pc · Main; 3 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Condo corp #: 983
Balcony: Open
Locker: Owned
Association amenities: Community BBQ, Exercise Room, Gym, Indoor Pool, Rooftop Deck/Garden
Fees include: Building Insurance Included, Heat Included, Water Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete, Brick
Fronting on: —
Cross street: Metcalfe to Nepean St.
Stories: 5
Utilities: —
Laundry: In-Suite Laundry
Interior: Carpet Free, Storage Area Lockers
Parking features: —

Additional listing data

ListAOR: Ottawa Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

Motivated SellerWhy this label

Vacant property — MLS shows vacant occupancy and the listing has been on market 120+ days.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: ENGEL & VOLKERS OTTAWA

Source: TRREB/PROPTX · MLS® X12905408

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Unit 503 · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $0✓ $4,908 tax✓ Gas✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$2,089/mo

incl. closing costs (yr 1)

Annual total

$25,072

year 1

Mortgage only

$0/mo

principal + interest

Beyond mortgage

$1,631/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$0

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$409/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~850 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$0/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$66/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$0

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Property taxes20% $4,908/yr

Utilities16% $3,960/yr

Insurance & security6% $1,600/yr

Condo fees38% $9,504/yr

Closing costs20% $5,100/yr

Mortgage is 0% of your true cost of ownership. The other 100% surprises most first-time buyers.

Full breakdown

Government & taxes
Property tax	$4,908	$409/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Condo fees
Condo / HOA fees	$9,504	$792/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$25,072	$2,089/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 503

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs