$354,900

$374,900For salePrice drop↓ $20,000 (5%)

#1107 485 Richmond Road, Ottawa - Single Family for Sale

#1107 485 Richmond Road, Ottawa, Ontario, K2A3W9

1 bed1 bath0 parking550 ft²$650/mo condo feeListed 47 days ago

Overview

This 1-bedroom, 1-bathroom condo in Ottawa is for sale offering roughly 550 sq ft of space. Listed at $354,900, it is attractively priced about 8% below the $384,900 median asking price in Ottawa. It has been on the market 47 days, fresher than the Ottawa average of 63 days.

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Description

OPEN HOUSE SAT 1:30-3PM. Welcome to unit 1107 at 485 Richmond Road in the prestigious Upper West, by Minto. This lovely 1-bedroom, 1-bathroom condo is nestled perfectly in Westboro, one of Ottawa's most sought-after neighbourhoods. Enjoy easy living in this contemporary apartment, with wood and tiled floors and stunning floor-to-ceiling windows offering panoramic views from the patio. The kitchen features stainless-steel appliances, sleek quartz countertops, a convenient breakfast bar, and ample cabinet space. The spacious bedroom includes a large closet and a full-length wall of windows overlooking the patio and beyond. The modern 3-piece bath boasts a walk-in shower with a quartz vanity countertop and glass shower doors. Additional highlights include in-suite laundry, neutral finishes, and window blinds. Residents can access luxurious amenities, including an excellent fitness center, two party/meeting rooms - one with a full kitchen - plus a wraparound terrace with community BBQs, a gas fireplace, soothing reflection pool, and lounge area. Step outside to Richmond Road and explore the area's boutiques, cafes, pubs and restaurants, grocers, trails along the Ottawa River, and Westboro Beach - all within a short distance. Transit is available on Richmond Road, and the developing O-Train LRT extension will improve commuting and further enhance the incredible convenience of this location. This turnkey condo perfectly combines modern comfort, exceptional amenities, and an unbeatable location-an urban retreat ready to move in! (id:66096)

Property Details

MLS®: X13803670
Property Type: Single Family
Zoning: R
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $650/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,178/yr
Listed: 47 days ago

Rooms

Main level

Kitchen: 7.6 x 7 meters
Living room: 13.2 x 11 meters
Bedroom: 12.4 x 10 meters
Bathroom
Foyer
Other: 10.2 x 5 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Exterior: Steel
Lot Features: Flat site, Elevator, Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

47d

Ottawa listings, avg age

63d

Price / ft²

$646

List price

$355K

Haho

This 1-bed single family in Ottawa has been listed for 47 days, which is 16 days fresher than the city average of 63. Act while there is still low competition.

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Listed by COLDWELL BANKER SARAZEN REALTY · Vanessa Duplessis

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K2A)

This home lists at $354,900, about 3.4× the local median household income of $105,000.

Carrying it typically needs a household income of about $69,324 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $105,000
Population: 17,156
Median age: 47.2
Owner / renter: 60% / 40%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K2A)

$354,900· $646/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,745

Min 5%50%

Mortgage payment$1,869/mo

↳ CMHC premium ($13,486 capitalized)

Property tax (est.)$265/mo

Condo fee$650/mo

Total monthly$2,784

Cash Needed to Close

Down payment (5%)$17,745

Land transfer tax$3,799

Est. closing costs$3,565

Total cash needed$25,109

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