| Common Elements Included | |
| Building Insurance Included | |
| Water Included |



























603 - 550 Cambridge Street S
4502 - West Centre Town, Dows Lake - Civic Hospital and Area
$399,900
Beautifully renovated and exceptionally spacious 2-bedroom, 2-bathroom condo ideally located in the heart of West Centre Town. Situated in The Lakelander, this well-maintained building offers bright, open-concept living just steps to The Glebe, Little Italy, Centretown and Dow's Lake. Enjoy easy access to restaurants, cafes, shopping, transit, parks and the Rideau Canal. This thoughtfully updated unit features abundant natural light through large windows, fresh neutral paint throughout and brand-new vinyl flooring for a modern, cohesive feel. The kitchen offers refreshed cabinetry, ample counter space and a functional layout that seamlessly connects to the generous living and dining areas-perfect for both everyday living and entertaining. The spacious primary bedroom includes excellent closet space and a private ensuite bathroom. The second bedroom is well-sized with ample storage and access to the full main bathroom. Additional highlights include convenient in-unit laundry, one underground parking space and a dedicated storage locker. A fantastic opportunity to live in one of Ottawa's most vibrant and walkable neighbourhoods. Current tenant pays $2300 + Hydro and has lease til April 30th, 2027. Perfect for investors. Parking space #P1-A46 (Owned). Storage Locker P2 - Locker #2 (exclusive use). 24 hours notice for all showings and 24 hours irrevocable on all offers.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 700-799 sq. ft. |
| Maintenance Fees | $414 |
| Locker | Exclusive |
| Balcony | None |
| Exposure | South East |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $3,488 |
| mls© Number | X14033402 |
| Listed By | RE/MAX ABSOLUTE REALTY INC. |
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%
- $2,047
- Property tax
- $291
- Heat allowance
- $150
- Condo fees, half counted
- $207
- Housing costs
- $2,695 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$83,000
gross annual household income
- Payment at 4%
- $1,683 / mo
- Cash down
- $79,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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