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Tribeca East Condos in Ottawa Centre

40 Nepean Street, Ottawa Centre

Total Units

4

For Sale

2

For Rent

23

Sold

49

Leased

$496K

Avg Price

63

Days (Sale)

26

Days (Lease)

OQ

OVAIS QASSIM

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Property Type:
Condo
Number of Units:
Condo Demand:
High
Unit Availability:
High
Number of Storeys:
Condo Completion:
Unit Size Range:
0 - 999 SQFT
Property Management:
CMG

Market Overview

For-Sale Inventory

Highest Sale (12mo)

$615K

Lowest Sale (12mo)

$352K

Median Maintenance

$751/mo

Year Built

Tribeca East Market

Updated Aug 26, 2026
Condos
Median sale price
$415K
Median PSF (est.)▼ 22.6%
$530/sqft
Sold last 90 days
4
Active listings
5
Months of inventory
1.7
Avg days on market
71
Sale-to-list ratio
96.61%
Absorption rate
60.0%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 71.43% · End-user: 28.57% (from 4 sales, 10 leases)
Price reductions (90d)
Price-reduction rate: 0.00%
Monthly reduction trend
2024-09: 33.3% (3 listings) · avg $15,100
Re-entries (past 12 months)
Re-entries: 0 · rate 0.00%
Median PSF (est.) vs parent area
Median PSF: $530 — +0.36% vs community avg ($528)[at_par]
Supply vs demand by unit type (90d)
Sample: 5 active listings · 4 sold (90d)
studio: 0 active / 0 sold · mismatch +0.00%
1br: 1 active / 2 sold · mismatch -30.00%
2br: 4 active / 2 sold · mismatch +30.00%
3br: 0 active / 0 sold · mismatch +0.00%
Concession pattern by unit type (90d)
1br (9 sales) — 100.00% closed with concessions, avg 3.46% below ask
2br (8 sales) — 100.00% closed with concessions, avg 3.62% below ask
Seasonality (annual pattern)
Historically strongest months: Oct, May, Jun
Historically weakest months: Sep, Aug, Apr
Annual averages: DOM 69.7d · sale-to-list 96.61% (n=18)
Monthly detail
Apr · 3 sales · DOM 127.3d · STL 96.33%
May · 2 sales · DOM 42.5d · STL 97.83%
Jun · 2 sales · DOM 44.5d · STL 97.99%
Jul · 1 sales · DOM 60.0d · STL 92.68%
Aug · 4 sales · DOM 76.0d · STL 95.05%
Sep · 4 sales · DOM 68.5d · STL 97.86%
Oct · 2 sales · DOM 30.0d · STL 97.05%

Market Intelligence

Price per sqft analysis and trends

Tribeca East

Sale PSF

N/A

Lease PSF

N/A

4102 - Ottawa Centre

Sale PSF

$457/sqft

7 sales

Lease PSF

$3.25/sqft/mo

3 leases

Ottawa Centre

Sale PSF

$547/sqft

19 sales

Lease PSF

$4.36/sqft/mo

1 leases

Ottawa

Sale PSF

$398/sqft

150 sales

Lease PSF

$4.36/sqft/mo

1 leases

Location Comparison

LocationSale PSFLease PSF# Sales# Leases
Tribeca EastThis Building
——/mo——
4102 - Ottawa Centre
4573.25/mo73
Ottawa Centre
5474.36/mo191
Ottawa
3984.36/mo1501

Green badges indicate the building is priced below the comparison area. Data from closed transactions.

Parking & Locker Values

Parkingcommunity

Purchase

N/A

Monthly Lease

$191.67/mo

Lockergeneric

Purchase

$10K

Monthly Lease

$50/mo

Data based on closed transactions. PSF = Price per Square Foot. Yields calculated as annual rent / sale price.

Amenities

Bike Storage
Car Wash
Community BBQ
Concierge
Elevator
Exercise Room
Game Room
Guest Suites
Gym
Indoor Pool
Lap Pool
Media Room
Party Room/Meeting Room
Recreation Room
Rooftop Deck/Garden
Sauna
Security System
Visitor Parking

Maintenance Fee Includes:

A/CBuilding InsuranceCommon ElementsHeatParkingWater

Building Reviews

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About Tribeca East Condos

Tribeca East is a premier condominium located at 40 Nepean Street, Ottawa Centre. offers residents luxurious urban living with modern amenities and convenient access to the city's best dining, shopping, and entertainment options.

Currently, there are 78 units available at Tribeca East, with prices averaging around $496K. The building features a variety of floor plans to suit different lifestyles, from cozy studios to spacious multi-bedroom units.

Tribeca East stands out in Ottawa Centre's competitive real estate market for its prime location. Residents enjoy easy access to public transit, major highways, parks, and all essential services. The building's modern design and well-maintained facilities make it an attractive choice for both homeowners and investors.

Whether you're looking to buy, sell, or rent at Tribeca East, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation and market analysis.

Explore more real estate in the wider area: 4102 - Ottawa Centre, Ottawa Centre and the Ottawa area.

Units for Sale at Tribeca East

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Keywords: Tribeca East Ottawa Centre Real Estate

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