Homula Realty Brokerage
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138 Somerset Street W 803, Ottawa Centre, ON K2P 0A3

1 bed · 1 bath · 1 kitchen · 5 rooms · 600-699 sq ft · No locker · Laundry in unit · Condo Apartment
$309,000

Utilities includedHeat · Water

Also includedCommon Elements · Building Insurance

Maintenance fee
$585 / month
Property tax
$3,326 / year
Included in the fee
Heat, Common Elements, Building Insurance, Water

Enjoy downtown living from this bright and spacious 1-bedroom condo at 138 Somerset Street West. Designed with an open-concept layout, the kitchen overlooks the living and dining areas and features plenty of cabinetry, stainless steel appliances and a large breakfast bar that creates a natural gathering space. Hardwood floors carry through the main living area, while large windows bring in an abundance of natural light and lead to a private balcony overlooking the surrounding cityscape. The generously sized bedroom offers excellent natural light, while the full bathroom includes the everyday convenience of in-suite laundry. The smart layout makes great use of the space, with defined areas for living, dining and working from home without sacrificing an open feel. Residents can also enjoy building amenities including a rooftop terrace and library. Set in an incredibly convenient downtown location, you're within walking distance of the University of Ottawa, the Rideau Canal, Elgin Street, shops, restaurants, cafés and transit. Whether you're looking for your first home, a downtown pied-à-terre or an investment property, this is an easy opportunity to enjoy a walkable Ottawa lifestyle.

MLS number
X13763138
Type
Condo Apartment
Status
Active
Bedrooms
1
Bathrooms
1
Postal code
K2P 0A3
Photos
25
Locker
No
Laundry
In the unit — Ensuite, In Bathroom, In-Suite Laundry
Included in the fee
Heat, Common Elements, Building Insurance, Water
4days · 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

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

The market around this home

Condo Apartments in Ottawa Centre — 536 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$306k$375k$444k20252026this home’s asking price
$402klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
97%98%100%20252026the asking price
97%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d18d37d20252026
36dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among condo apartments in ottawa centre. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$61,800 · minimum here is $15,450
$1,368.19per month
Borrowed before insurance$247,200
Total borrowed$247,200
Interest over 25 years at 4.5%$163,256

If you rented it out

-$2,230.35per month out of pocket
Rent$0.00
Everything it costs to hold$2,230.35
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by SLEEPWELL REALTY GROUP LTD. Listing data provided by the Toronto Regional Real Estate Board.