Condo for sale at 1407-40 Nepean Street, Ottawa, Ontario, K2P 0X5 - Ottawa Centre - MLS: X13706014

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1407-40 Nepean Street

Ottawa, Ontario, K2P 0X5 - Ottawa Centre

$589,000

Neighbourhood

Ottawa Centre
Major Intersection

Nepean Street and Metcalfe

Listed Since: 3 day(s)
Last update: 1 day(s) ago

Overview

Property Type

Condo Apt, Apartment
Bedrooms

2
Bathrooms

2
Square Feet

900-999
Exposure

South
Total Parking

1 Underground Garage
Maintenance

$857
Taxes

$5,908.64 (2026)
Balcony

Open

Property Description

Property description for 1407-40 Nepean Street, Ottawa

Experience downtown living at its finest in the prestigious Tribeca East! Ideally situated in the heart of Ottawa's vibrant core, this unit features 2 bedrooms, 2 full bathrooms, 1 underground parking space, and 1 storage locker.This sun-filled 14th-floor corner unit boasts floor-to-ceiling windows and a private balcony showcasing spectacular panoramic views of Ottawa's south and east skyline. The open-concept layout seamlessly blends urban sophistication with everyday comfort, featuring rich hardwood floors, neutral tones, and a functional kitchen complete with high-end cabinetry, stainless steel appliances, and a stylish island.Designed for exceptional privacy and flexibility, the thoughtful floor plan positions the two generously sized bedrooms on opposite sides of the unit. The expansive primary retreat offers ample closet space and its own full en-suite bathroom. The second bedroom is conveniently located near the main full bathroom--an ideal layout for professionals, roommates, or hosting guests.Enjoy ultimate convenience with Farm Boy located right inside the building complex, O-Train Parliament Station just a short walk away, and the vibrant Elgin Street dining district, Rideau Centre, Parliament Hill, and the Rideau Canal right at your doorstep. Exceptional building amenities include 24/7 concierge/security, an indoor swimming pool, a fully equipped fitness centre, and a party room.Unbeatable location, rare dual-bath privacy layout, and premium parking/locker combo-this property offers an exceptional urban lifestyle or high-yielding investment opportunity!

Listed by COLDWELL BANKER SARAZEN REALTY

Property details

MLS #

X13706014
Sq. Ft

900-999
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Water
Property Management

CMG
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

X13706014
Sq. Ft

900-999
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Water
Property Management

CMG
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Living

4.87 x 3.37 ft Main level
Dining

4.39 x 3.6 ft Main level
Primary

4.64 x 3.25 ft Main level
Br

3.7 x 2.94 ft Main level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Local Real Estate Price Trends for Condo Apt in Ottawa Centre

Active listings

150

Average Selling Price of a Condo Apt

July 2026

$443,636

Last 3 Months

$439,990

Last 12 Months

$458,697

July 2025

$403,564

Last 3 Months LY

$444,526

Last 12 Months LY

$442,804

Change

10%

Change

-1%

Change

Historical Average Selling Price of a Condo Apt in Ottawa Centre

Average Selling Price

3 years ago

$512,042

Average Selling Price

5 years ago

$428,129

Average Selling Price

10 years ago

$298,667

Change

-13%

Change

49%

How many days Condo Apt takes to sell (DOM)

July 2026

Last 3 Months

Last 12 Months

July 2025

Last 3 Months LY

Last 12 Months LY

Change

17%

Change

21%

Change

13%

Average Selling price

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.