Loading neighbourhood intel…
Loading neighbourhood intel…
$299,000
DOM37days138 Somerset Street · Ottawa · Ontario K2P 0A3
37 days on market
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 ste…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
No price-drop or motivated-seller signals detected from MLS data we track on this listing.
Property history
Comparable sales
Brokered by: SUTTON GROUP - OTTAWA REALTY
Source: TRREB/PROPTX · MLS® X13793422
Do you own a home in Ottawa Centre?
Find out what it's worth — and what you'd walk away with after mortgage, commission and fees.
Get My StreetValue™ →Monthly carrying costs, utilities, and closing cost estimates.
20%+ down — no CMHC premium
≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 33% of your true cost of ownership. The other 67% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $13,612 | $1,134/mo |
| Government & taxes | ||
| Property tax | $3,624 | $302/mo |
| Land transfer tax(closing) | $2,960 | $247/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 |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $2,990 | $249/mo |
| Condo fees | ||
| Condo / HOA fees | $6,898 | $575/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 | $40,744 | $3,395/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.