255 Bay St #816 is a 1-bedroom, 1-bathroom condo in Ottawa, listed for $439,900. It has 600-699 sq ft of living space.
1The open concept living space is styled with warm tones and is designed for flexibility.
2The kitchen showcases quartz countertops, stainless steel appliances, and a centre island with breakfast bar seating that provides generous prep space.
3The living room offers a cozy space to relax while sliding doors provide direct access to the balcony, which offers an unobstructed skyline view.
This beautifully upgraded 1-bedroom apartment in one of Centretown's most sought after buildings offers an exceptionally functional layout that lives larger than expected, plus an impressive 101 sq. ft. private balcony spanning the full width of the unit. The unit's open-concept layout maximizes natural light thanks to west-facing floor-to-ceiling windows that fill the home with sunshine. A custom foyer welcomes you, with built-in bench seating, integrated shelving, drawers, storage, and rich hardwood flooring which runs through the unit. The open concept living space is styled with warm tones and is designed for flexibility. The kitchen showcases quartz countertops, stainless steel appliances, and a centre island with breakfast bar seating that provides generous prep space. The living room offers a cozy space to relax while sliding doors provide direct access to the balcony, which offers an unobstructed skyline view. The primary bedroom provides a large closet and is situated directly across from the 4-piece bathroom, which is finished to match the rest of the unit. This unit comes equipped with a underground parking spot and a storage locker. Residents of The Bowery enjoy a collection of resort-styled amenities, including a concierge, a fully equipped fitness centre, sauna, guest suites, private dining room, rooftop lounge, outdoor terrace with BBQ area, yoga space, and a spectacular rooftop indoor pool offering breathtaking panoramic views of Ottawa. This location offers one of Ottawa's most walkable lifestyles, close to Parliament Hill, the financial district, LeBreton Flats, Sparks Street, Bank Street, Elgin Street, the Rideau Canal, and the Ottawa River pathways. Lyon LRT Station is just a short walk away, providing effortless transportation across the city, while countless restaurants, cafés, grocery stores, boutiques, entertainment venues, and fitness studios are all within minutes, making this the ideal opportunity for young professionals and investors!
1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $733 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 255 Bay St #816
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
600-699 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
255 Bay St #816 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14031098$439,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 255 Bay St #816 Compares to the Ottawa Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,161
/mo
based on the purchase price of $439,900
$87,980 cash
$351,920 financed
$296,409 total interest
Principal54%$351,920
Interest46%$296,409
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Ottawa
Other 1–2 bed homes for sale in Ottawa around $440K.
Average days on market43Homes sold in about 43 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings252Homes for sale here right now.
Median vs prior 90 days+3.0%Compared with Apr 17 – Jul 16, 2026: prices up.
Based on 142 sales from Jul 16 – Oct 14, 2026 (106 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
6 for sale at 255 Bay St — plus its sale and lease history.
255 Bay St #816 is listed at $439,900 (MLS® X14031098). Summitly updates the price as soon as the MLS® record changes.
Is $439,900 a good price for 255 Bay St #816?
Summitly rates it Well Above Market: the asking price is 15% or more above 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 255 Bay St #816 changed?
No — 255 Bay St #816 is still listed at its original asking price of $439,900.
How many bedrooms and bathrooms does 255 Bay St #816 have?
255 Bay St #816 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Ottawa.
Is 255 Bay St #816 close to transit?
The nearest rapid-transit station is Lyon Station (O-Train Line 1), about 410 m (about a 5-minute walk) in a straight line. Parliament Station is about 760 m (about a 10-minute walk), and Pimisi Station is about 780 m (about a 10-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 255 Bay St #816?
About $2,161 a month — principal and interest on $439,900 with 20% down ($87,980), 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 255 Bay St #816 compare with other homes in Ottawa?
Its asking price of $439,900 is about 3% below the median sold price in Ottawa over the last 90 days, $452,500, across 142 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 255 Bay St #816 been sold before?
Summitly has no earlier MLS® sale or lease of 255 Bay St #816 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 255 Bay St #816?
255 Bay St #816 is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 255 Bay St #816 been on the market?
255 Bay St #816 was listed today (October 14, 2026).
What is the price per square foot of 255 Bay St #816?
About $629 to $733 per square foot: the asking price of $439,900 over the 600–699 sq ft the listing gives as its size range.
Does 255 Bay St #816 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
