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$400K · 1 bed Condo Apartment · Unit 511, 429 Somerset Street, Ottawa, Ontario K2P 2P5 | HomeSearchCanada

$399,900

Unit 511

4 DOM

114d

Map

DOM 4

$399,900

DOM4days

Unit 511

429 Somerset Street · Ottawa · Ontario K2P 2P5

MLS® X13800256 · 4102 - Ottawa Centre · K2P 2P5

11OwnerOccupied700-799 ft²Condo Apartment1-car UndergroundNo basement4d$534/ft²$3,632 tax/yrNo basement

4 days on market

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 mo…

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Property details

MLS#: X13800256
Status: Buy Now
Property class: Residential Condo & Other
Beds: 1
Baths: 1 full, 0 half
Rooms: 5
Kitchens: 1
Size: 700-799Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Owner Occupied
Washrooms: 4 pc
Family room: No
Central vacuum: No
Ensuite laundry: No

Property features: Public Transit

View: Downtown, City

Condo corp #: 669
Balcony: Open
Locker: Owned
Association amenities: Bike Storage, Car Wash, Community BBQ, Elevator, Party Room/Meeting Room, Visitor Parking
Fees include: Heat Included, Water Included, Common Elements 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: Brick, Concrete
Fronting on: —
Cross street: Kent and Somerset
Stories: 5
Utilities: —
Laundry: Laundry Closet
Interior: Storage Area Lockers
Parking features: —

Additional listing data

ListAOR: Ottawa Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: RE/MAX HALLMARK REALTY GROUP

Source: TRREB/PROPTX · MLS® X13800256

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$400K

Unit 511 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $399,900✓ $3,632 tax✓ Gas✓ 700-799 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,919/mo

incl. closing costs (yr 1)

Annual total

$47,034

year 1

Mortgage only

$1,517/mo

principal + interest

Beyond mortgage

$1,571/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$79,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$303/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~750 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%$3,999/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)$42/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,474

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)39% $18,205/yr

Property taxes17% $8,106/yr

Utilities8% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $3,999/yr

Condo fees13% $6,064/yr

Closing costs11% $5,100/yr

Mortgage is 39% of your true cost of ownership. The other 61% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$18,205	$1,517/mo
Government & taxes
Property tax	$3,632	$303/mo
Land transfer tax(closing)	$4,474	$373/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%)	$3,999	$333/mo
Condo fees
Condo / HOA fees	$6,064	$505/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	$47,034	$3,919/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 511

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