1905 - 40 Nepean Street
Ottawa Centre, ON
- 1 bed
- 1 bath
- approx. 600-699 sqft
- Condo Apartment
- 109 days on market
Experience elevated downtown living from the 19th floor of this bright and stylish 1-bedroom condo in the heart of Centretown. Offering breathtaking panoramic skyline views with sought-after southwest exposure, this sun-filled unit enjoys incredible natural light all day and stunning sunsets every evening from your private balcony.Thoughtfully designed with comfort and functionality in mind, the open-concept layout features a welcoming foyer leading into a spacious living and dining area perfect for relaxing or entertaining. The modern kitchen is equipped with stainless steel appliances, granite countertops, ample cabinetry, and a movable island with seating for added versatility. Custom window blinds throughout add both elegance and privacy.The generous bedroom features upgraded hardwood flooring and sits conveniently beside the full bathroom. In-suite laundry and an owned storage locker provide additional everyday convenience. Low condo fees of only $650/month include heat, water, and building insurance, making this an exceptional value in one of Ottawa's most desirable urban locations.Residents enjoy premium amenities including a beautiful indoor pool, fully equipped fitness centre, party room, rooftop terrace, outdoor BBQ patio, guest suites, bike storage, visitor parking, and 24-hour concierge/security service with secure parcel acceptance. Plus, direct indoor access to Farm Boy grocery store means daily errands couldn't be easier.Perfect for professionals, first-time buyers, downsizers, or investors, this condo offers unbeatable walkability and transit access just steps to Parliament LRT Station, Rideau Centre, the Rideau Canal, Elgin Street, Bank Street, restaurants, cafés, museums, parks, and more. Status Certificate Available. Book your private showing today!
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Listing Details
- Taxes (2025)
- $3,804
- Listed
- May 15, 2026
Price History
Listing history
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Property
- Style
- Apartment
- Construction
- Brick
- Interior
- Air Exchanger, Carpet Free
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 0
Utilities
- Heat Source
- Gas
Location & Legal
- Cross Street
- Elgin
- Parcel Number
- 159830122
- Possession
- Immediate
- Occupancy
- Vacant
Condo
- Maintenance Fee
- $550/month
- Fee Includes
- Common Elements Included
- Pets
- Yes-with Restrictions
- Locker
- None
- Balcony
- Open
Included
- Inclusions
- Fridge, Stove, Microwave Hood Fan, Dishwasher, Washer, Dryer, Smoke Detector(s), Custom Window Blinds.
Schools
Elementary
- Elgin Street Public School0.4 km
Public · Ottawa-Carleton DSB · 370 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 84% met the provincial standard
- Centennial Public School1 km
Public · Ottawa-Carleton DSB · 290 students
Grade 3 reading: 29% met the provincial standard · Grade 6 math: 32% met the provincial standard
- Glashan Public School1.1 km
Public · Ottawa-Carleton DSB · 315 students
Secondary
- Lisgar Collegiate Institute0.4 km
Public · Ottawa-Carleton DSB · 960 students
Grade 10 literacy: 91% met the provincial standard
- Urban Aboriginal Alternate High School1.1 km
Public · Ottawa-Carleton DSB
- Richard Pfaff Secondary Alternate Site1.3 km
Public · Ottawa-Carleton DSB · 225 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K2P
- Population
- 18,825
- Private dwellings
- 14,113
- Median age
- 34.4
- Average household size
- 1.5
- Median household income
- $66,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Condo & Other in Ottawa Centre · last 12 months
- Median sold price
- $448,500
- Homes sold
- 374
- Median days on market
- 34
- Sale-to-list price
- 97.1%
Based on 374 recorded sales of residential condo & other properties in Ottawa Centre over the last 12 months.
Listed by
RE/MAX HALLMARK REALTY GROUP
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$83,800
Estimated Monthly Payment
$2,058
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,058/mo (20% down, 5.5%)
Taxes: $317/mo · Insurance: $105/mo
Maint: $550/mo
Estimates only. Consult a financial advisor.
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