1407 - 40 NEPEAN STREET, Ottawa

$589,000

For sale: Apartment

Apartment at 1407 - 40 NEPEAN STREET, Ottawa
Property type
Condo Apartment
Bedrooms / bathrooms
2 bedrooms, 2 bathrooms
Living area
999 sqft
MLS®
MLS® X13706014
Neighbourhood
4102 - Ottawa Centre

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!

Sold data

Homes in Ottawa Centre — recent sold market

Homes in Ottawa Centre took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 51, across 80 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.

The median sale price was $427,450.

Homes sold for about 2.8% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 12% of sellers reduced their price before finding a buyer.

Median days to sell
35
Median sale price
$427,450
Sale-to-list ratio
97.2%
Sold above asking
9%

Based on 80 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1407 - 40 NEPEAN STREET