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516 Bay Street 2, Ottawa Centre, ON K1R 6B2

1 bed · 1 bath · 1 kitchen · 4 rooms · 3500-5000 sq ft · Laundry in building · Multiplex
$1,475

Utilities includedWater

Welcome to 516 Bay Street! This charming main-floor 1-bedroom apartment is ideally located in the heart of Centretown, just steps from restaurants, cafés, grocery stores, public transit, parks, and downtown Ottawa. The unit offers plenty of character, featuring impressive high ceilings, large windows, and an abundance of natural light throughout. The living area features a beautiful decorative fireplace that adds character to the space. The apartment also includes a spacious bedroom with closet space, a full bathroom, and a functional kitchen with plenty of cabinetry and counter space. Located on the main floor, the unit offers convenient access while putting you within walking distance of everything Centretown and downtown Ottawa have to offer. Water is included in the rent. Heat and hydro are extra. No parking space is included with the unit; however, on-street parking and City of Ottawa residential parking permit options may be available in the surrounding area.Rental application, credit check, employment verification, references, and first and last month's rent are required. A great opportunity for anyone looking for a bright, character-filled apartment in one of Ottawa's most central and walkable neighbourhoods.

MLS number
X13695200
Type
Multiplex
Status
Active
Bedrooms
1
Bathrooms
1
Postal code
K1R 6B2
Photos
15
Laundry
In Building
24days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Richard Pfaff Intermediate School
Ottawa-Carleton DSB
Elementary234 mNot reported
Richard Pfaff Secondary Alternate Site
Ottawa-Carleton DSB
Secondary238 mNot reported
Glashan Public School
Ottawa-Carleton DSB
Elementary486 mNot reported
Cambridge Street Community Public School
Ottawa-Carleton DSB
Elementary494 m5.4 / 10
54% met the standard · 3 of 6 measures
Glebe Collegiate Institute
Ottawa-Carleton DSB
Secondary850 m8.4 / 10
84% met the standard · 2 of 6 measures
Centennial Public School
Ottawa-Carleton DSB
Elementary779 m4.6 / 10
46% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 538 people.

$74,500Median household income
29.1%Own their home
7.3%Detached houses
32Median age
13.4%Born outside Canada
51.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35060368 — the few blocks around this address, home to 538 people. It describes the area, not this property.

538Population
34.9Average age
2Household size
$116,000Average household income
$74,500Median household income
29%Own their home
71%Rent
0%Condominiums
13%Born outside Canada
52%University degree
$800,000Average home value
13%Low income
19%Not in the labour force
44%Never married
$15,000 to $19,9991%
$20,000 to $24,9994%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9994%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9996%
$60,000 to $69,9994%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9991%
$100,000 and over28%
$100,000 to $124,9997%
$125,000 to $149,9996%
$150,000 to $199,9998%
$200,000 and over8%

Percentages are of the 360 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Listed by RE/MAX DELTA REALTY. Listing data provided by the Toronto Regional Real Estate Board.