505 - 383 CUMBERLAND STREET, Ottawa

$249,900

For sale: Apartment

Apartment at 505 - 383 CUMBERLAND STREET, Ottawa
Property type
Condo Apartment
Bedrooms / bathrooms
1 bedroom, 1 bathroom
Living area
499 sqft
MLS®
MLS® X13847322
Neighbourhood
4001 - Lower Town/Byward Market

This bright, beautifully updated condo delivers modern finishes, incredible natural light and an unbeatable location in the heart of Ottawa's ByWard Market. The desirable east-facing exposure is a standout, offering expansive city views while facing away from the busier street frontage for a quieter setting. Floor-to-ceiling windows stretch across the main living area and bedroom, filling the unit with morning sun and creating a bright, open feel throughout. Step outside onto the impressive nearly 30-foot-long balcony, providing exceptional outdoor living space with plenty of room to relax, entertain or enjoy your morning coffee overlooking the city.Inside, extensive updates make this unit truly move-in ready. The brand-new kitchen features light oak cabinetry, a crisp white tile backsplash, generous workspace and brand-new stainless steel appliances. New luxury vinyl plank flooring runs throughout the unit for a clean, contemporary finish. The open-concept living and dining space flows naturally from the kitchen and provides direct access to the balcony. The spacious bedroom features its own floor-to-ceiling windows, a large closet with excellent storage and a sliding privacy door, allowing you to easily separate the bedroom from the main living area when desired. The full bathroom offers a tub/shower combination with a tiled surround, while convenient in-unit laundry adds everyday practicality. Residents also enjoy excellent building amenities including a well-equipped fitness room with cardio and weight equipment, party room and outdoor common patio with BBQs. Leave the car behind and enjoy one of Ottawa's most walkable locations, just steps from grocery stores, restaurants, cafés, shopping, nightlife, transit and the University of Ottawa. An excellent opportunity for first-time buyers, investors, students or parents looking for an alternative to the high cost of university residence. Modern, bright, updated and exceptionally well located!

Sold data

Apartment homes in Ottawa — recent sold market

Apartment homes in Ottawa took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 62, across 344 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 59 days.

The median sale price was $399,900.

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

About 7% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$399,900
Sale-to-list ratio
97.2%
Sold above asking
7%

Based on 344 recorded sales in the last 90 days. 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 505 - 383 CUMBERLAND STREET