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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
1-333-345-6868info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale Listed 6 days ago

    Unit 1607 — 40 Nepean Street

    Ottawa Centre·Ottawa, ON·K2P 0X5·Near Nepean street

    • 2 beds
    Ottawa real estate›X13440268
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Stunning 2-bedroom, 2-bathroom corner condo on the 16th floor offering breathtaking city views in the heart of downtown Ottawa! Ideally located just steps to Parliament Hill, Elgin Street, Bank Street, the ByWard Market, Rideau Centre, the Ottawa River, and Rideau Canal. Enjoy unmatched convenience with Farm Boy and The Wine Shop located right in the building.This bright and spacious open-concept unit features approximately 955 sq. ft. of elegant living space, complete with hardwood floors, granite countertops, and a private balcony showcasing spectacular skyline views. The thoughtfully designed layout offers both comfort and functionality in a prime urban setting.Residents enjoy exceptional amenities including a saltwater indoor pool, fitness centre, party room, rooftop terrace with panoramic views, guest suites, concierge service, and more. Includes 1 underground parking space and 1 storage locker. Experience downtown living at its finest - don't miss this incredible opportunity!

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 12, 2026ListedCurrentFor sale$3,050 —X13440268This page
    Aug 5, 2025SoldSold$2,900−$50 (1.7%)X12312287View
    Jul 29, 2025Previously listedLsd$2,950 —X12312287View
    May 21, 2025Previously listedTer$624,900 —X12161865View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      2
      Heating
      Forced Air
      Air conditioning
      Central Air
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 Unit 1607 — 40 Nepean Street
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $15
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $2
    0.66% mill rate · ON
    The market

    How this home sits in the Ottawa market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Ottawa market right now

    Average sold price, days on market, and closed-transaction count for Ottawa — sourced from MLS®.

    • Avg sold price
      $724,055
      Last 30 days
    • Median sold price
      $651,470
      Middle of the market
    • Days on market
      29 d
      Avg from list to close
    • Closed last 30d
      2,898
      MLS® transactions
    Full Ottawa market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into Unit 1607 — 40 Nepean Street — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at Unit 1607 — 40 Nepean Street and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is Unit 1607 — 40 Nepean Street listed for?

      Unit 1607 — 40 Nepean Street is listed at $3,050 on the MLS® (listing X13440268). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does Unit 1607 — 40 Nepean Street have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 2 baths
  2. 900-999 sqft
  3. Condo Apartment
  4. Asking
    $3,050
    $0 / sqft · MLS® X13440268
    Chat Zara
  5. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $528,560
    $486,275Confidence range$570,845
    Asking vs estimate
    ↓below
    −$525,510
    (-99.4%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 2 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Ottawa sell in about 29 days — this one has been listed 6 days.

    Avg sold price
    $724,055
    Median sold
    $651,470
    Avg days on market
    29
    Recently sold
    2898
    See comparable sales
    Stunning 2-bedroom, 2-bathroom corner condo on the 16th floor offering breathtaking city views in the heart of downtown Ottawa!
  6. Includes 1 underground parking space and 1 storage locker.
  7. Experience downtown living at its finest - don't miss this incredible opportunity!
  8. Ask Zara a follow-up

    Parking & garage

    3
    Garage
    Underground
    Garage spaces
    1
    Parking spaces
    1
  9. Interior

    5
    Basement
    None
    Family room
    N
    Kitchens
    1
    Total rooms
    4
    Furnished
    Unfurnished
  10. Exterior & construction

    3
    Exterior
    Brick, Concrete
    Patio
    Enclosed
    Balcony
    Enclosed
  11. Listing & possession

    3
    Possession
    2026-09-01T00:00:00.000-00:00
    Property style
    1 Storey/Apt
    Property class
    Condo Apartment
  12. Combined estimate
    $17
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $15
    /mo
    based on the purchase price of $3,050
    $610 cash
    $2,440 financed
    $2,055 total interest
    Monthly payment$15/ month
    Principal54%$2,440
    Interest46%$2,055

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

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

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

    Comparable condo apartments that just sold in Ottawa

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 2785 Baseline Road
      Sold
      Sign in for price
      2785 Baseline Road
      Condo Apartment
    • 180 Boundstone Way
      Sold
      Sign in for price
      180 Boundstone Way
      Condo Apartment
    • 6434 Bilberry Drive
      Sold
      Sign in for price
      6434 Bilberry Drive
      Condo Apartment
    • 429 Somerset Street
      Sold
      Sign in for price
      429 Somerset Street
      Condo Apartment
    • 90 George Street
      Sold
      Sign in for price
      90 George Street
      Condo Apartment
    • 2650 Southvale Crescent
      Sold
      Sign in for price
      2650 Southvale Crescent
      Condo Apartment
    AddressBd / BaSqftSold$/sqft% of askSold
    Unit 1607 — 40 Nepean StreetThis home2 / 2900,999$3,050ask———
    2785 Baseline Road2 / 2800—
    180 Boundstone Way3 / 21,200—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  13. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  14. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  15. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  16. Public listing courtesy of EXP REALTY · displayed on Summitly per MLS® data-share rules

    Unit 1607 — 40 Nepean Street is a 2-bedroom, 2-bath, 900-999 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  17. When was Unit 1607 — 40 Nepean Street built?

    The year built for Unit 1607 — 40 Nepean Street isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  18. What is the property tax for Unit 1607 — 40 Nepean Street?

    The 'Property tax' tab in the History section shows the most recent annual tax for Unit 1607 — 40 Nepean Street plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  19. How much would the monthly mortgage be on Unit 1607 — 40 Nepean Street?

    The affordability calculator on this page shows an estimated monthly mortgage for $3,050 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  20. Has Unit 1607 — 40 Nepean Street been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of Unit 1607 — 40 Nepean Street with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  21. What neighbourhood is Unit 1607 — 40 Nepean Street in?

    Unit 1607 — 40 Nepean Street is in Ottawa Centre, Ottawa. The 'Neighbourhood' section below links to the live Ottawa real estate hub with average sold price, days on market, and current inventory.

  22. Is Ottawa a good place to live?

    Ottawa is one of ON's actively-tracked Summitly markets. The full Ottawa real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  23. 6434 Bilberry Drive
    2 / 2
    800
    —
    429 Somerset Street2 / 2900—
    90 George Street1 / 1700—
    2650 Southvale Crescent3 / 21,200—