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!
2 bedrooms, 2 bathrooms, about 900 sq ft, works out to roughly $654 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 40 Nepean St #1407
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
900-999 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
40 Nepean St #1407 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13706014$589,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 40 Nepean St #1407 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
$2,894
/mo
based on the purchase price of $589,000
$117,800 cash
$471,200 financed
$396,874 total interest
Principal54%$471,200
Interest46%$396,874
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.
For homeowners nearby
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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 $589K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings243Homes for sale here right now.
Median vs prior 90 days+5.3%Compared with Apr 15 – Jul 14, 2026: prices up.
Based on 150 sales from Jul 14 – Oct 12, 2026 (97 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
3 for sale · 1 for rent at 40 Nepean St — plus its sale and lease history.
40 Nepean St #1407 is listed at $589,000 (MLS® X13706014). Summitly updates the price as soon as the MLS® record changes.
Is $589,000 a good price for 40 Nepean St #1407?
Summitly rates it Above Market: the asking price is 5% to 15% 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 40 Nepean St #1407 changed?
No — 40 Nepean St #1407 is still listed at its original asking price of $589,000.
How many bedrooms and bathrooms does 40 Nepean St #1407 have?
40 Nepean St #1407 has 2 bedrooms and 2 bathrooms, with about 900–999 square feet of living space. It is a condo in Ottawa.
Is 40 Nepean St #1407 close to transit?
The nearest rapid-transit station is Parliament Station (O-Train Line 1), about 530 m (about a 7-minute walk) in a straight line. Rideau Station is about 840 m (about a 10-minute walk), and UOttawa Station is about 870 m (about a 11-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 40 Nepean St #1407?
About $2,894 a month — principal and interest on $589,000 with 20% down ($117,800), 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 40 Nepean St #1407 compare with other homes in Ottawa?
Its asking price of $589,000 is about 29% above the median sold price in Ottawa over the last 90 days, $457,500, across 150 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 40 Nepean St #1407 been sold before?
Summitly has no earlier MLS® sale or lease of 40 Nepean St #1407 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 40 Nepean St #1407?
40 Nepean St #1407 is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 40 Nepean St #1407 been on the market?
49 days — 40 Nepean St #1407 was listed on August 24, 2026.
What is the price per square foot of 40 Nepean St #1407?
About $590 to $654 per square foot: the asking price of $589,000 over the 900–999 sq ft the listing gives as its size range.
Does 40 Nepean St #1407 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
