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. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Vacant, move-in ready and available with flexible possession. This one-bedroom-plus-den condo at the Gotham offers 676 sq ft of living space, a rare south-facing private terrace of over 400 sq ft per the builder's plan, and an owned heated underground parking space. That combination is hard to find in downtown Ottawa. Built by Lamb Development Corporation, the unit features 10-foot exposed concrete ceilings, floor-to-ceiling windows and engineered hardwood floors. The European-style kitchen has stone countertops and stainless steel appliances, including a gas range. The den works well as a home office or guest space. The spa-inspired bathroom has porcelain finishes. In-unit laundry and an individually controlled heat pump for heating and cooling add everyday comfort. Hot water and gas for the stove are included in the condo fees. The terrace gets sun all day and has a gas BBQ hookup, making it a true outdoor room for entertaining. You are steps from Lyon Station, federal government offices and Parliament Hill, with Centretown's restaurants and shops at your door. Walking to work saves time every day. Strong downtown rental demand also makes this a solid choice for investors. Building amenities include concierge service, a party room, secure fob access and fibre optic internet. Select photos are virtually staged
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,490/mo
Mortgage (principal + interest)$1,533
Property taxFrom listing: $4,738/yr$395
Condo feesFrom listing$562
Minimum $20,495 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$81,980
Ontario land transfer taxProvincial brackets, no first-time refund$4,673
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$89,453
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Ottawa Centre has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. 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 information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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