Condo for sale at 501-40 Nepean Street, Ottawa, Ontario, K2P 0X5 - Ottawa Centre - MLS: X12905418

new
for sale
for lease
sold
leased
terminated
expired
suspended

501-40 Nepean Street

Ottawa, Ontario, K2P 0X5 - Ottawa Centre

$425,000

Virtual Tour

Neighbourhood

Ottawa Centre
Major Intersection

Nepean St. between Metcalfe and Elgin

Listed Since: 93 day(s)
Last update: 1 day(s) ago

Virtual Tour

Overview

Property Type

Condo Apt, 1 Storey/Apt
Bedrooms

1
Bathrooms

1
Square Feet

800-899
Exposure

South
Total Parking

1 Underground Garage
Maintenance

$751
Taxes

$5,022.00 (2025)
Balcony

Open

Property Description

Property description for 501-40 Nepean Street, Ottawa

This bright and stylish 1-bedroom + den condo offers the ultimate urban lifestyle just steps from Parliament Hill, the ByWard Market, Rideau Canal, National Gallery, top-rated restaurants, clubs and shopping. Featuring gleaming hardwood floors, ceramic tile in wet areas, granite countertops and six included appliances, this unit offers both comfort and convenience. The spacious den is perfect for a home office or guest space. Enjoy premium amenities at The Tribeca Club, including a 4,500 sq. ft. private recreation centre and a beautifully landscaped 7,000 sq. ft. terrace. Need groceries? Walk to Farm Boy in your slippers it's located right in the building! Perfectly suited for young professionals, this well-managed building has a dynamic, social vibe. Includes underground parking and a storage locker. Don't miss this opportunity to live where the city comes alive! Some photos from when previously tenanted. Air Conditioning, Building Insurance, Caretaker, Heat, Management Fee, Recreation Facilities, Storage, Water/Sewer are included in the condo fees.

Listed by ENGEL & VOLKERS OTTAWA

Property details

MLS #

X12905418
Sq. Ft

800-899
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

Downtown
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

Main
Building Amenities

Exercise Room,Games Room,Media Room,Indoor Pool,Rooftop Deck/Garden
Maintenance Fee Includes

Heat, Water
Property Management

Condominium Management Group
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 #

X12905418
Sq. Ft

800-899
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

Downtown
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

Main
Building Amenities

Exercise Room,Games Room,Media Room,Indoor Pool,Rooftop Deck/Garden
Maintenance Fee Includes

Heat, Water
Property Management

Condominium Management Group
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

Kitchen

3.14 x 2.66 ft Main level
Dining

3.5 x 3.09 ft Main level
Living

4.16 x 3.04 ft Main level
Primary

4.08 x 3.04 ft Main level
Den

3.45 x 2.56 ft Main level

Contact Manoj Kukreja

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

Property History

Property history for 501-40 Nepean Street, Ottawa

This property has been sold 2 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Condo Apt in Ottawa Centre

Active listings

179

Average Selling Price of a Condo Apt

May 2026

$438,786

Last 3 Months

$449,689

Last 12 Months

$455,516

May 2025

$490,577

Last 3 Months LY

$460,682

Last 12 Months LY

$447,146

Change

-11%

Change

-2%

Change

Historical Average Selling Price of a Condo Apt in Ottawa Centre

Average Selling Price

3 years ago

$479,250

Average Selling Price

5 years ago

$474,221

Average Selling Price

10 years ago

$317,442

Change

-8%

Change

-7%

Change

38%

How many days Condo Apt takes to sell (DOM)

May 2026

Last 3 Months

Last 12 Months

May 2025

Last 3 Months LY

Last 12 Months LY

Change

28%

Change

11%

Average Selling price

Mortgage Calculator

This data is for informational purposes only.

Mortgage Payment per month
Principal Amount	Interest
Total Payable	Amortization

Property Price

Amortization

Rate of Interest

Down Payment ($)

Down Payment (%)

Closing Cost Calculator

This data is for informational purposes only.

Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

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.