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Listed 10 days ago

507 - 550 Cambridge Street S

4502 - West Centre Town, Dows Lake - Civic Hospital and Area

$419,900

Condo Apartment |
2 | 2 | 1 | 1
About this home

Awesome unit on a higher floor! Check out this fantastic two-bedroom condominium at The Lakelander, a highly-regarded building in the sought-after Glebe Annex neighborhood. Its incredible location means you'll be within easy walking distance of great restaurants and shops in the Glebe and Little Italy, as well as Dow's Lake, Lansdowne Park, and the Rideau Canal. This 2 bedroom, 2 bathroom suite is truly special, featuring the unique benefit of two private balconies. You can enjoy the morning sun on the east-facing balcony and relax with beautiful sunset views from the west-facing one. The condominium also offers the convenience of two full bathrooms, new in-suite laundry, and a wood-burning fireplace as a focal point, creating a comfortable and sophisticated living space. Locker and underground parking round out this attractive lifestyle option. Make it yours and enjoy a central location with everything within walking distance. Some photos are virtually staged.

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Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$689
LockerExclusive
BalconyOpen
ExposureEast West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,924
mls© NumberX13769916
Listed ByENGEL & VOLKERS OTTAWA
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,149
Property tax
$327
Heat allowance
$150
Condo fees, half counted
$345
Housing costs
$2,971 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $83,980
25-yr amortization

Income needed

$91,000

gross annual household income

Payment at 4%
$1,767 / mo
Cash down
$83,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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