Unit 503, 40 Nepean Street
Ottawa (Ottawa Centre), ON K2P 0X5
Tribeca East27 storeys, 179 suites, built 2015- 2Bedrooms
- 2Bathrooms
- 1Parking
- 800–899Sq Ft
- $4,908Tax
- $792/moCondo Fee
Estimated Value:$476,500See Free Estimate Report
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About Unit 503, 40 Nepean Street, Ottawa, Ottawa Centre
Summarized Description
- Bright 2-bedroom, 2-bath condo in downtown Ottawa.
- Luxurious marble tile and hardwood finishes throughout.
- Panoramic city views from rooftop access.
- Move-in ready with modern upgrades.
- Steps away from ByWard Market and dining.
- Includes underground parking and storage locker.
- Resort-style amenities with 24-hour concierge.
Welcome to Tribeca South where downtown living meets modern style.This bright and spacious 2-bedroom, 2-bath condo has it all: underground parking, a storage locker and a sun-soaked interior wrapped in floor-to-ceiling windows. Recently upgraded marble tile flooring flows through the main living areas, adding a sleek, luxurious feel, while the bedrooms keep their warm hardwood finishes for the perfect blend of style and comfort. Quartz countertops, stainless steel appliances, and custom privacy blinds complete the polished look. Step outside your door and enjoy resort-style amenities: a 24-hour concierge, 7,000 sq.ft. landscaped terrace, 4,500 sq. ft. recreation centre with a lap pool and cutting-edge fitness facility, plus rooftop access with jaw-dropping panoramic views of the city. Need groceries? Farm Boy is right downstairs. Want a night out? You're just steps from the ByWard Market, Rideau Canal, Parliament, Elgin Streets buzzing dining scene and endless shopping and entertainment. Vacant and move-in ready, this is your chance to own a stylish downtown retreat in one of Ottawas most coveted addresses. Life at Tribeca South isn't just convenient it's connected, vibrant and full of energy. Some photos from when previously tenanted. Air Conditioning, Building Insurance, Caretaker, Heat, Management Fee,Recreation Facilities, Storage, Water/Sewer are included in the condo fees.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,908
- Land Transfer Tax Fee
- $6,075
Condo/Maintenance Fee
- Maintenance Fee
- $792 /month
Included In Maintenance Fee
- Building Insurance Included
- Heat Included
- Water Included
Rental Items
- Rental Equipment
- Hot Water Tank
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- In-Suite Laundry
- Interior Extras
- Carpet Free, Storage Area Lockers
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- Open
Building
- Building Type
- Condo Apartment
- Building Style
- 1 Storey/Apt
- Condo Corp Number
- 983
Construction
- Exposure
- South
- Exterior Finish
- Concrete, Brick
- Special Designation
- Unknown
Inclusions
- Inclusions
- Stove, Microwave/Hood Fan, Dryer, Washer, Refrigerator, Dishwasher
Parking & Garages
- Garage Type
- Underground
- Garage Spaces
- 1
- Parking Type
- Owned
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 1
Lockers
- Locker Type
- Owned
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 2
- Washrooms
- 2
- Kitchens
- 1
Room sizes
- Kitchen—Main level
- Dining Room—Main level
- Living Room—Main level
- Primary Bedroom—Main level
- Bedroom 2—Main level
- Laundry—Main level
Washrooms
- 3-piece, Main
- 3-piece, Main
- Municipality
- Ottawa
- Neighbourhood
- Ottawa Centre
- Main cross streets
- Metcalfe to Nepean St.
- Zoning
- Residential Condominium
- Directions
- 417 exit on Metcalfe going north. Follow Metcalfe to Nepean St.and turn right.
- MLS® number
- X12905408
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-06-19
- Listed on
- 2026-03-19
- Days on market
- 92 days
- Possession type
- Flexible
- Co-op commission
- 2%
- Seller
- Listed by
- ENGEL & VOLKERS OTTAWA
Home Market Value
Current home valuation for Unit 503, 40 Nepean Street, Ottawa, Ottawa Centre, Ottawa, ON. Listed for $480,000
HOMEH Estimate
$476,500
Estimated Sales Range
$374,452 - $578,548
HOMEH Estimate for Unit 503, 40 Nepean Street, Ottawa, Ottawa Centre
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$24,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $18,240 | $13,392 | $11,424 | $0 |
=Total mortgage | $474,240 | $445,392 | $419,424 | $384,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,315monthly | $2,175monthly | $2,048monthly | $1,875monthly |
Land Transfer Tax
$6,075
$6,075
Around this home
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