40 Nepean St #1902, Ottawa

Name: 40 Nepean Street, Unit 1902
SKU: X14091946
Price: 415000 CAD
Availability: InStock

1 Bed, 1 Bath Condo in Ottawa

Unit 1902 at 40 Nepean Street

Complete with one heated underground parking space, this stylish 1-bedroom, 1-bathroom condo offers modern urban living in the heart of Ottawa's Centretown. A stunning floor-to-ceiling window floods the living area with natural light, while birch hardwood flooring adds warmth and elegance throughout. The kitchen features granite countertops and stainless-steel appliances, complemented by granite finishes in the 3-piece bathroom. In-unit laundry adds everyday convenience, making this an ideal opportunity for first-time buyers and professionals alike. Enjoy an exceptional collection of building amenities, including 24-hour concierge and security, a fitness centre, indoor pool, sauna, guest suite, and party and conference rooms. The beautifully landscaped outdoor terrace is the perfect spot to unwind, entertain friends, and enjoy summer evenings with outdoor BBQ facilities. With restaurants, cafés, shopping, parks, and everyday essentials just moments away, this is your opportunity to experience vibrant downtown living at its best!

1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $692 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 #1902

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

40 Nepean St #1902 Price & Sale History

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

Oct 18, 2026For saleListedThis listingMLS® X14091946$415,000

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

What's it worth?

How 40 Nepean St #1902 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

Well Above Market· based on 236 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: $446,000
Average sold price: $569,549
Average days on market: 44
Homes sold: 138

Closed sales on the TRREB MLS®.

Full Ottawa market report

Market pulse · Ottawa

Ottawa market

Median sold price$446,000Last 90 days
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings249Homes for sale here right now.
Median vs prior 90 days+1.4%Compared with Apr 26 – Jul 25, 2026: prices up.

Based on 138 sales from Jul 25 – Oct 23, 2026 (107 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 1902 — 40 Nepean Street 1 bd · 1 ba · 600 sqft	$415,000asking	$692	—	—
199 Kent Street 2 bd · 1 ba · 1,000 sqft
360 McLeod Street 1 bd · 1 ba · 600 sqft
245 Kent Street 2 bd · 2 ba · 1,000 sqft
340 Queen Street 1 bd · 1 ba · 500 sqft
255 Bay Street 1 bd · 1 ba · 600 sqft
324 Laurier Avenue 2 bd · 1 ba · 800 sqft

199 Kent Street
2 bd · 1 ba · 1,000 sqft
360 McLeod Street
1 bd · 1 ba · 600 sqft
245 Kent Street
2 bd · 2 ba · 1,000 sqft
340 Queen Street
1 bd · 1 ba · 500 sqft
255 Bay Street
1 bd · 1 ba · 600 sqft
324 Laurier Avenue
2 bd · 1 ba · 800 sqft

More in this building

4 for sale at 40 Nepean St — plus its sale and lease history.

See all of 40 Nepean St

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

Parliament StationO-Train Line 1530 m7 min walk
Rideau StationO-Train Line 1840 m10 min walk
UOttawa StationO-Train Line 1870 m11 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

Parliament Station (O-Train Line 1)7 min walk
Rideau Station (O-Train Line 1)10 min walk
UOttawa Station (O-Train Line 1)11 min walk

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

Parliament Station
530 m7 minClosest· O-Train Line 1
Homes near Parliament Station
Rideau Station
840 m10 min· O-Train Line 1
Homes near Rideau Station
UOttawa Station
870 m11 min· O-Train Line 1
Homes near UOttawa 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 40 Nepean St #1902. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 40 Nepean St #1902

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

Mortgage: $2,039; 20% down · 25 years · 5.5% assumed
Property tax: $228; 0.66% mill rate · ON
Total per month: $2,267; 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

$2,039

/mo

based on the purchase price of $415,000

Down payment20%

$83,000 cash

Amortization25 yr

$332,000 financed

Rate5.50%

$279,631 total interest

Principal54%$332,000

Interest46%$279,631

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.

Book a tour of 40 Nepean St #1902 with a licensed buyer's agent

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Questions About 40 Nepean St #1902

How much is 40 Nepean St #1902 listed for?

40 Nepean St #1902 is listed at $415,000 (MLS® X14091946). Summitly updates the price as soon as the MLS® record changes.

Is $415,000 a good price for 40 Nepean St #1902?

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 40 Nepean St #1902 changed?

No — 40 Nepean St #1902 is still listed at its original asking price of $415,000.

How many bedrooms and bathrooms does 40 Nepean St #1902 have?

40 Nepean St #1902 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Ottawa.

Is 40 Nepean St #1902 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 #1902?

About $2,039 a month — principal and interest on $415,000 with 20% down ($83,000), 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 #1902 compare with other homes in Ottawa?

Its asking price of $415,000 is about 7% below the median sold price in Ottawa over the last 90 days, $446,000, across 138 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 #1902 been sold before?

Summitly has no earlier MLS® sale or lease of 40 Nepean St #1902 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 40 Nepean St #1902?

40 Nepean St #1902 is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 40 Nepean St #1902 been on the market?

5 days — 40 Nepean St #1902 was listed on October 18, 2026.

What is the price per square foot of 40 Nepean St #1902?

About $594 to $692 per square foot: the asking price of $415,000 over the 600–699 sq ft the listing gives as its size range.

Does 40 Nepean St #1902 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know