429 Somerset Street Unit 703

Ottawa Centre, ON K2P 2P5

NewActiveFor Sale
1 Beds
1 Baths
700 Sq Ft
0 Lot Sq Ft
Condo

About This Property

OPEN HOUSE: Saturday April 4th, 2-4PM. Some of the best condos in Centretown are hidden gems. Welcome to Unit 703 at The Strand. Step inside and you'll find one of the most thoughtfully renovated 1-bedroom condos downtown - a fully transformed space with value that is hard to beat. The kitchen was redesigned in 2021: enlarged storage, floor-to-ceiling white flat-panel cabinetry, quartz countertops, porcelain backsplash, a striking dark island with built-in dishwasher, and a full suite of stainless appliances. Wide-plank premium flooring (2021) runs seamlessly throughout, and the bathroom features a refreshed vanity with quartz countertop. This is not a cosmetic refresh it's a genuine, high-quality renovation. At 715 sq ft, the open-concept layout is one of the larger 1-bedroom footprints you'll find downtown, with room for a proper dining table, a full living room setup, and a private balcony. The bedroom stretches nearly 15 feet, offering plenty of room for a dedicated home office setup. The unit also includes underground parking and a storage locker - many comparable listings in this price range simply don't offer. Condo fees of $466/month cover heat, cooling, and water - among the most competitive you'll find downtown. What you get with those fees: a BBQ courtyard, bike storage, car wash area, party room, and nine visitor parking spaces. The building has also been actively investing in infrastructure: new HVAC (2021), upgraded entrance (2025), new entry system (2026), garage improvements (target April 2026), and elevator modernization (target Fall 2026). Located at Somerset and Kent in the heart of Centretown, you're steps from a grocery store, Bank Street restaurants and cafés, the Rideau Canal, and the Glebe. Lyon LRT is a short walk away.An exceptional opportunity for first-time buyers, professionals, or investors who want a move-in-ready downtown condo with real upgrades, real space, and real value.

Property Details

StatusActive
Property TypeCondo
Listing TypeFor Sale
Interior Size700 sq ft
Lot Size0 sq ft
Bedrooms1
Bathrooms1
LockerOwned
BalconyEnclosed
ExposureNorth West
ListedMarch 29, 2026
Postal CodeK2P 2P5

Features & Amenities

  • View
  • Balcony
  • Air Conditioning
  • Basement
  • Locker

TRREB MLS® Attribution

MLS® X12932726

Listed by SUTTON GROUP - OTTAWA REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$400,000

asking price

MLS®X12932726
TypeCondo
CityOttawa Centre
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$1,953

/month · $320,000 mortgage

Down Payment20% — $80,000
Interest Rate5.5%

Amortization

Total Interest

$265,976

Total Cost

$585,976

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

SUTTON GROUP - OTTAWA REALTY

429 Somerset Street Unit 703, Ottawa Centre, ON K2P 2P5 | $400,000