138 Somerset St W #508, Ottawa

Name: 138 Somerset Street W, Unit 508
SKU: X13793422
Price: 299000 CAD
Availability: InStock

1 Bed, 1 Bath Condo in Ottawa

Unit 508 at 138 Somerset Street West

Welcome to Unit 508 at Somerset Gardens, where urban convenience meets comfortable modern living in the heart of vibrant Centretown. This thoughtfully designed 1-bedroom plus den condominium offers an ideal blend of functionality, style, and location, just steps from some of Ottawa's most iconic destinations.Inside, you'll find a bright open-concept layout featuring rich hardwood flooring throughout and nearly 700 square feet of intelligently used living space. The kitchen features stainless steel appliances, granite countertops, and a raised breakfast bar, creating a natural flow into the spacious living and dining areas, perfect for both everyday living and entertaining. The versatile den offers excellent flexibility and can easily function as a home office, creative studio, or workout area. In-suite laundry adds to the convenience of daily living, while the private north-facing balcony provides stunning city views and a relaxing space to unwind above the downtown core.Residents of Somerset Gardens enjoy access to excellent amenities, including a stunning rooftop terrace with panoramic city views, a sunroom, party room, library, and secure bicycle storage.Perfectly positioned within walking distance to the Rideau Canal, Elgin Street, Parliament Hill, transit, cafés, restaurants, and everyday essentials - this condo offers an exceptional opportunity to enjoy an active and connected downtown lifestyle.Whether you're a professional, first-time buyer, or someone looking to embrace carefree urban living, Unit 508 delivers comfort, character, and an unbeatable central location. Book your private showing today! ***New washer and dryer (2025); new hardwood flooring (2025)***

1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $498 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 138 Somerset St W #508

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 600-699 sq ftas stated on the listing
Basement: None

Features & systems

Parking & garage

Parking spaces: 0

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

138 Somerset St W #508 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Sep 16, 2026For saleListedThis listingMLS® X13793422$299,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 138 Somerset St W #508 Compares to the Ottawa Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 240 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Ottawa market, last 90 days

Median sold price: $436,000
Average sold price: $564,213
Average days on market: 42
Homes sold: 128

Closed sales on the TRREB MLS®.

Full Ottawa market report

Market pulse · Ottawa

Ottawa market

Median sold price$436,000Last 90 days
Average days on market42Homes sold in about 42 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings229Homes for sale here right now.
Median vs prior 90 days−0.7%Compared with May 12 – Aug 10, 2026: prices down.

Based on 128 sales from Aug 10 – Nov 8, 2026 (115 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Ottawa

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 508 — 138 Somerset Street W 1 bd · 1 ba · 600 sqft	$299,000asking	$498	—	—
470 Laurier Avenue 1 bd · 1 ba · 900 sqft
349 Mcleod Street 1 bd · 1 ba · 700 sqft
138 Somerset Street 1 bd · 1 ba · 600 sqft
5 Frank Street 3 bd · 2 ba · 1,400 sqft
570 Laurier Avenue 1 bd · 1 ba · 700 sqft
428 Sparks Street 1 bd · 1 ba · 600 sqft

470 Laurier Avenue
1 bd · 1 ba · 900 sqft
349 Mcleod Street
1 bd · 1 ba · 700 sqft
138 Somerset Street
1 bd · 1 ba · 600 sqft
5 Frank Street
3 bd · 2 ba · 1,400 sqft
570 Laurier Avenue
1 bd · 1 ba · 700 sqft
428 Sparks Street
1 bd · 1 ba · 600 sqft

More in this building

4 for sale · 2 for rent at 138 Somerset St W — plus its sale and lease history.

See all of 138 Somerset St W

Living in Ottawa: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

UOttawa StationO-Train Line 1610 m8 min walk
Parliament StationO-Train Line 1850 m11 min walk
Rideau StationO-Train Line 1940 m12 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

UOttawa Station (O-Train Line 1)8 min walk
Parliament Station (O-Train Line 1)11 min walk
Rideau Station (O-Train Line 1)12 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

UOttawa Station
610 m8 minClosest· O-Train Line 1
Homes near UOttawa Station
Parliament Station
850 m11 min· O-Train Line 1
Homes near Parliament Station
Rideau Station
940 m12 min· O-Train Line 1
Homes near Rideau Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 138 Somerset St W #508. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 138 Somerset St W #508

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $1,469; 20% down · 25 years · 5.5% assumed
Property tax: $164; 0.66% mill rate · ON
Total per month: $1,633; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$1,469

/mo

based on the purchase price of $299,000

Down payment20%

$59,800 cash

Amortization25 yr

$239,200 financed

Rate5.50%

$201,469 total interest

Principal54%$239,200

Interest46%$201,469

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

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Questions About 138 Somerset St W #508

How much is 138 Somerset St W #508 listed for?

138 Somerset St W #508 is listed at $299,000 (MLS® X13793422). Summitly updates the price as soon as the MLS® record changes.

Is $299,000 a good price for 138 Somerset St W #508?

Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Ottawa. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 138 Somerset St W #508 changed?

No — 138 Somerset St W #508 is still listed at its original asking price of $299,000.

How many bedrooms and bathrooms does 138 Somerset St W #508 have?

138 Somerset St W #508 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Ottawa.

Is 138 Somerset St W #508 close to transit?

The nearest rapid-transit station is UOttawa Station (O-Train Line 1), about 610 m (about a 8-minute walk) in a straight line. Parliament Station is about 850 m (about a 11-minute walk), and Rideau Station is about 940 m (about a 12-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 138 Somerset St W #508?

About $1,469 a month — principal and interest on $299,000 with 20% down ($59,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 138 Somerset St W #508 compare with other homes in Ottawa?

Its asking price of $299,000 is about 31% below the median sold price in Ottawa over the last 90 days, $436,000, across 128 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 138 Somerset St W #508 been sold before?

Summitly has no earlier MLS® sale or lease of 138 Somerset St W #508 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 138 Somerset St W #508?

138 Somerset St W #508 is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 138 Somerset St W #508 been on the market?

53 days — 138 Somerset St W #508 was listed on September 16, 2026.

What is the price per square foot of 138 Somerset St W #508?

About $428 to $498 per square foot: the asking price of $299,000 over the 600–699 sq ft the listing gives as its size range.

Does 138 Somerset St W #508 have a basement, and is it finished?

The listing says 138 Somerset St W #508 has no basement.

What you should know