Maintenance Fees
The Merit vs The Centretown - Ottawa Area
108 Lisgar St
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The Merit
Highlights
- Property Type:
- Condo
- Number of Storeys:
- 21
- Number of Units:
- 76
- Condo Completion:
- 2014
- Condo Demand:
- Low
- Unit Size Range:
- 713 - 4,300 SQFT
- Unit Availability:
- Low
- Property Management:
- No Data
Amenities
Visitor Parking
Rooftop Deck
Amenity details for reference only. Independently verify accuracy.
About 108 Lisgar St — The Merit
Located at 108 Lisgar St, The Merit is a 21-storey condo containing 76 units. These Ottawa condos for sale were completed in 2014 with units starting at 713 square feet, ranging up to 4300 square feet. What makes a Centretown - Ottawa condo for sale most appealing is all that the neighbourhood has to offer.
Maintenance fees are $0.68 per-square-foot, which is lower than the neighbourhood average of $0.78 per-square-foot.
The Suites
On average, units at 108 Lisgar St sell -4.43% below the list price, and units have a low chance of receiving multiple offers (aka a “bidding war”). Units in this complex are among the most expensive in the area with an average cost per-square-foot of $821 (based on past 12 months of sales). Units typically sell with 59 days on market on average. Over the past 12 months, 2 have sold and 0 has been rented here.
Transportation
If you’re interested in checking out other similar condos within walking distance, you might like 40 Nepean St, 20 The Driveway and 20 Daly Ave.
- Water
- Included
- Hydro
- Not Included
- Heat
- Not Included
- Air Conditioning
- Not Included
Listing History for The Merit
Oct, 2025
Unit 1801
Oct 02, 202534 days on strata
Sold for $1,950,000Listed for $1,995,0002 bd | 3 ba | 2,232 sqft | 2 pkg
Sold for $1,950,000Listed for $1,995,0002 bd | 3 ba | 2,232 sqft | 2 pkg
Unit 305
Oct 01, 202585 days on strata
Sold for $633,215Listed for $678,0001 bd | 1 ba | 823 sqft | 1 pkg
Sold for $633,215Listed for $678,0001 bd | 1 ba | 823 sqft | 1 pkg
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3Listings For Sale
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1Listings For Rent
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Similar Condos
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Building Trends At The Merit
Days on Strata
Units at The Merit spend an average of
59
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
4%
below
the list price.
Offer Competition
Condos in this building have a
LOWchance of receiving
Multiple Offers
compared to other buildings in Centretown - Ottawa
Turnover of Units
On average, each unit is owned for
11.1
YEARS before being sold againProperty Value
15%
Increase in property value within the past twelve months
Price Ranking
1st
Highest price per SQFT out of 41 condos in the Centretown - Ottawa area
Sold Units
2
Units were Sold over the past twelve months
Rented Units
0
Units were Rented over the past twelve months
Best Value Rank
The Merit offers the best value out of 41 condos in the Centretown - Ottawa neighbourhood
?
N/A
Appreciation Rank
The Merit has the highest ROI out of 41 condos in the Centretown - Ottawa neighbourhood
?
N/A
Rental Yield
The Merit yields the highest rent prices out of 41 condos in the Centretown - Ottawa neighbourhood
?
N/A
High Demand
The Merit is the most popular building out of 41 condos in the Centretown - Ottawa neighbourhood
?
N/A
Market Insights
Transaction Insights at The Merit
| 1 Bed | 2 Bed | 3 Bed + Den | |
|---|---|---|---|
| Price Range | $633,215 | $1,950,000 | No Data |
| Avg. Cost Per Sqft | $823 | $893 | No Data |
| Price Range | No Data | No Data | No Data |
| Avg. Wait for Unit Availability | 248 Days | No Data | No Data |
| Avg. Wait for Unit Availability | No Data | No Data | No Data |
| Ratio of Units in Building | 50% | 40% | 10% |
Market Inventory
Total number of units listed and sold in Centretown - Ottawa
