508-138 Somerset St
Ottawa Centre/Golden Triangle, Ottawa, Ontario K2P 0A3
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600–699sq ft
- Per sq ft
- $460at the range’s middle
- Tax a year
- $3,6242025 tax year
- Parking
- 0none
- Days on market
- Members
The brief
About 508-138 Somerset St
508-138 Somerset St is a 1-bedroom, 1-bathroom condo in Ottawa Centre/Golden Triangle, Ottawa, listed for sale at an asking price of $299,000 (MLS® X13793422).
Welcome to Unit 508 at Somerset Gardens, where urban convenience meets comfortable modern living in the heart of vibrant Centretown. This thoughtfully designed 1-bedroom plus den condominium offers an ideal blend of functionality, style, and location, just steps from some of Ottawa's most iconic destinations.Inside, you'll find a bright open-concept layout featuring rich hardwood flooring throughout and nearly 700 square feet of intelligently used living space. The kitchen features stainless steel appliances, granite countertops, and a raised breakfast bar, creating a natural flow into the spacious living and dining areas, perfect for both everyday living and entertaining. The versatile den offers excellent flexibility and can easily function as a home office, creative studio, or workout area. In-suite laundry adds to the convenience of daily living, while the private north-facing balcony provides stunning city views and a relaxing space to unwind above the downtown core.Residents of Somerset Gardens enjoy access to excellent amenities, including a stunning rooftop terrace with panoramic city views, a sunroom, party room, library, and secure bicycle storage.Perfectly positioned within walking distance to the Rideau Canal, Elgin Street, Parliament Hill, transit, cafés, restaurants, and everyday essentials - this condo offers an exceptional opportunity to enjoy an active and connected downtown lifestyle.Whether you're a professional, first-time buyer, or someone looking to embrace carefree urban living, Unit 508 delivers comfort, character, and an unbeatable central location. Book your private showing today! ***New washer and dryer (2025); new hardwood flooring (2025)***
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall45/100−$342/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 7 homes with 1 bedroom for lease in Ottawa Centre/Golden Triangle right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,624 / 2025
- MLS® number
- X13793422
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 600-699 sqft
- Listed on
- Parking
- None, 0 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Ottawa Centre/Golden Triangle
- Municipality
- Ottawa
Building
- Size
- 600-699 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 3pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- None
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Washer, dryer, fridge, stove, dishwasher, hood-fan
- Condo maint.
- $575
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 508-138 Somerset St, Ottawa, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $299,000 | N/A | For Sale | X13793422 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $59,800
- Total mortgage amount
- $239,200
- Total interest payment
- $170,300
- Total purchase cost
- $469,300
- Mortgage payment
- $1,365/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
40%Monthly carrying cost
$2,242- Rent $1,900
- Shortfall $342
Rental income opens at $1,900, the median asking rent of 7 comparable homes for lease in Ottawa Centre/Golden Triangle. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $2,960
- Total land transfer tax
- $2,960
- First-time buyer rebates (Ontario up to $4,000)
- −$2,960
- Total for first-time buyers
- $0
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $299,000
- $735
- Ontario total
- $2,960
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation5
- Not in Rideau Valley Conservation Authority’s mapped regulated areaAt the address
- Not in the municipality’s mapped flood areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m18 test or monitoring holes also recorded.250 m
- Groundwater recorded about 8.4 m below ground nearbyThe middle water level in the well records within 500 m (80 records). It changes with the season and from spot to spot.500 m
Rideau Valley Conservation Authority · Municipal flood mapping · Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 5.5 km5.5 km
Province of Ontario open data
Around the home2
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 100 m away. Routes and stops change; check the agency’s schedule.400 m
- A trail on the Ontario trail network within 1 km1 km
Municipal transit open data · Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Public Works and Government Services Canada — Cliff Central Heating and Cooling Plant, 1.4 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- 17 federal contaminated sites within 1 km4 still active or suspected; the rest are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Hydro Ottawa LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: OmniTEC Wireless, Rogers, Storm Internet, Xplore. Mobile: Bell, Rogers, Telus, Vidéotron. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Rideau Valley Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – City of Ottawa. Contains information licensed under the Open Government Licence – Ontario.
The market
Condos for sale in Ottawa Centre/Golden Triangle right now
- For sale now
- 13
- Median asking price
- $410K
- New in 7 days
- 0
- Price cuts
- 15%
Middle half: $299K to $629K
6 in 28 days
2 listings
This home is asking 27% below the median.
See all homes in Ottawa Centre/Golden TriangleAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| uOttawa | OC Transpo light rail: O-Train Line 1 | 850 m |
| Parliament | OC Transpo light rail: O-Train Line 1 | 850 m |
| Rideau | OC Transpo light rail: O-Train Line 1 | 950 m |
| Lyon | OC Transpo light rail: O-Train Line 1 | 1.2 km |
| Lycée Claudel | OC Transpo bus rapid transit: Transitway | 2.3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: OC Transpo schedule data (GTFS) from the City of Ottawa under the Open Government Licence – City of Ottawa, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – City of Ottawa.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Elgin Street Public SchoolOttawa-Carleton DSB | Public · grades JK–6 · French Immersion | 200 m | 93%Grade 6 average |
| École élémentaire catholique Coeur d'OttawaConseil des écoles catholiques du Centre-Est | French-language Catholic · grades JK–8 | 1 km | 100%Grade 6 average |
| Viscount Alexander Public SchoolOttawa-Carleton DSB | Public · grades JK–6 · French Immersion | 1.1 km | 84%Grade 6 average |
| Corpus Christi Catholic Elementary SchoolOttawa Catholic School Board | Catholic · grades JK–6 · French Immersion | 1.8 km | 74%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Lisgar Collegiate InstituteOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 300 m | 73%Grade 9 math |
| Immaculata High SchoolOttawa Catholic School Board | Catholic · grades 9–12 · French Immersion | 1.1 km | 55%Grade 9 math |
| Urban Aboriginal Alternate High SchoolOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 1.3 km | — |
| École secondaire catholique Saint-Jean-BaptisteConseil des écoles catholiques du Centre-Est | French-language Catholic · grades 9–12 | 1.7 km | — |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Ottawa Centre/Golden Triangle are shown to signed-in members.