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494 1/2 Somerset St W #1-2B, Ottawa, ON K1R 5J8, CAN|Centretown
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Amenities for 494 1/2 Somerset St W #1-2B, Centretown
Apartment Amenities
| Central Heat | Heating |
Appliances
| Range | Refrigerator |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 494 1/2 Somerset St W #1-2B
Sweet deal!
This listing is 20% below the median price for studio apartments in Centretown.
Spacious unfurnshed bachelor – ideal for a student or young professional Room size: 288 Sq. ft Spacious kitchen and bathroom Bright and well-appointed apartment Rental information: - Rent : 1250$/ month - Heat & water & Hydro included. Wifi not included - Parking not included (garage parking $150/month) - First and last month rent required Residential Building – 494 1/2 Somerset Street West, Ottawa Located in the heart of downtown Ottawa, this mid-size residential building offers a convenient, vibrant, and walkable lifestyle. Nestled in the highly sought-after Centretown neighborhood, 494 Somerset boasts a strategic location close to cultural hubs, essential services, and transit, making it ideal for professionals, students, and newcomers. - About the Building: Well-maintained and clean Secure access Quiet residential feel despite central location Friendly, long-term tenants Outdoor parking available (upon request) On-call maintenance service - Nearby Amenities & Services: - Groceries: Loblaws (700 m / 9-min walk) Kowloon Asian Market (350 m / 4-min walk) Top Market Halal Grocery (3-min walk) - Restaurants & Cafés: Chinatown (2-min walk) Little Italy (10-min walk) Variety of international cuisine steps away (Asian, African, vegetarian...) - Public Transit: Bus lines (2, 11, 14) within 2 minutes Lyon LRT Station (1.2 km / 15-min walk) - Education & Institutions: University of Ottawa (2.5 km / 8-min drive) Algonquin College (direct bus – 25 min) Parliament Hill (1.8 km / 6-min drive or 20-min walk) - Health Services: Somerset West CHC Clinic (3-min walk) Shoppers Drug Mart & Rexall pharmacies (within 400 m) - Parks & Outdoor Spaces: Dundonald Park (5-min walk) River recreational paths (15-min walk)
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 494 1/2 Somerset St W #1-2B compares to other nearby properties.
Positives
- Less expensive
- Studio units are cheaper than other similar listings nearby
Address details
| Neighborhood | Centretown |
|---|---|
| Post code | K1R 5J8 |
| Type | Apartment for rent |
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Rent trends in Centretown
studio apartments at 494 1/2 Somerset St W #1-2B cost about 20% less than the average rent price for studio apartments in Ottawa.
Median rents as of May 30 2026.
Centretown
Ottawa
| Month | Median Rent |
|---|---|
| June 2024 | $1,550 |
| July 2024 | $1,590 |
| August 2024 | $1,670 |
| September 2024 | $1,702 |
| October 2024 | $1,683 |
| November 2024 | $1,668 |
| December 2024 | $1,655 |
| January 2025 | $1,652 |
| February 2025 | $1,654 |
| March 2025 | $1,623 |
| April 2025 | $1,597 |
| May 2025 | $1,589 |
| June 2025 | $1,599 |
| July 2025 | $1,607 |
| August 2025 | $1,616 |
| September 2025 | $1,610 |
| October 2025 | $1,579 |
| November 2025 | $1,562 |
| December 2025 | $1,549 |
| January 2026 | $1,573 |
| February 2026 | $1,599 |
| March 2026 | $1,578 |
| April 2026 | $1,581 |
| May 2026 | $1,599 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,591 |
| July 2024 | $1,626 |
| August 2024 | $1,648 |
| September 2024 | $1,645 |
| October 2024 | $1,625 |
| November 2024 | $1,669 |
| December 2024 | $1,617 |
| January 2025 | $1,597 |
| February 2025 | $1,647 |
| March 2025 | $1,591 |
| April 2025 | $1,563 |
| May 2025 | $1,551 |
| June 2025 | $1,551 |
| July 2025 | $1,550 |
| August 2025 | $1,564 |
| September 2025 | $1,568 |
| October 2025 | $1,549 |
| November 2025 | $1,549 |
| December 2025 | $1,505 |
| January 2026 | $1,501 |
| February 2026 | $1,530 |
| March 2026 | $1,507 |
| April 2026 | $1,562 |
| May 2026 | $1,587 |
Affordability calculator
Can I afford to live at 494 1/2 Somerset St W #1-2B?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$50,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this studio monthly rent price of $1,250.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 3 months ago | $1,195 |
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Internet available near 494 1/2 Somerset St W #1-2B
Getting around Ottawa near 494 1/2 Somerset St W #1-2B
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 494 1/2 Somerset St W #1-2B, Ottawa
Groceries
9/10
At least one supermarket within a 5-minute walk
Shopping
8/10
Several shops within a few minutes’ walk
Cafes
8/10
Several cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
Explore the area around 494 1/2 Somerset St W #1-2B
Food Arya
508A Gladstone Ave
Massine's Your Independent Grocer
296 Bank St
Thana Market
386 Bank St
Domestic Foods
595 Gladstone Ave
JJS Market
380 Laurier Ave W
Earlene's House of Fashion
113 James St
Shine Dry Cleaners
397 Somerset St W
Patflesher.com
437 Cooper St
Wicked Wanda's Adult Emporiun
327 Bank St
Bella Bella Boutique
240 Bank St
Tim Hortons
525 Somerset St W
Tim Hortons
450 Bank St
Country Style
340 Laurier Ave W
Tim Hortons
187 Bank St
Bridgehead
344 Slater St
Royal Oak
318 Bank St
Royal Oak Restaurant
188 Bank St
Royal Oak
180 Kent St
Spin Kitchen & Bar
100 Kent St
Caff Italiano
777 Gladstone Ave
True Loaf Bread Company
573 Gladstone Ave
Thimble Cakes
369 Bank St
Golden Baquette Bakery Ltd
242 Bank St
Red Apron
564 Gladstone Ave
Herb & Spice Shop
375 Bank St
Dundonald Park
Lisgar Parkette
Garden
Garden
Playground
Pour Boy Pub
495 Somerset St W
Tim Hortons
525 Somerset St W
The Vanitea Room
551 Somerset St W
Mazarine
282 Kent St
Mystiko Greek Kitchen-Wine Bar
281 Kent St
SOMERSET W / LYON
SOMERSET W / LYON
SOMERSET W / KENT
SOMERSET W / KENT
SOMERSET W / BAY
BAYVIEW
CARLING
CARLETON S.
CARLETON N.
CONFEDERATION
LYON A
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LYON O-TRAIN EAST / EST
LYON O-TRAIN WEST / OUEST
SLATER/O'CONNOR
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