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New2 days ago

606 - 475 Laurier Avenue W

4102 - Ottawa Centre, Ottawa Centre

$249,900

Condo Apartment |
1 | 1 | 0 | 0
About this home

First-Time Homebuyers this one's for you! Welcome to unit 606-475 Laurier, an affordable 1-bedroom condo offering an incredibly convenient location in the heart of Centretown. Just a 2 Minute Walk to Anytime Fitness, 450M to Lyon Station (LRT), and Steps to the Financial District, Elgin Street, Bank Street, Lebreton Flats and Parliament Hill. This 1 bedroom, 1 bathroom features hardwood flooring throughout with 524 sq.ft of interior living space. With a generous sized living and dining area, a large bedroom, and a kitchen with plenty of counter space and cabinetry. Enjoy your morning coffee, or hosting in the evening on your oversized balcony overlooking Laurier Avenue. Well maintained and move-in ready. Whether you're an investor looking to take advantage of Ottawa's strong rental market or a buyer seeking an affordable downtown lifestyle, this condo presents an excellent opportunity for both steady cash flow and long-term value.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$586
LockerNone
BalconyEnclosed
ExposureNorth
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$2,163
mls© NumberX14090246
Listed ByENGEL & VOLKERS OTTAWA
Water Included
Building Insurance 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%
$1,279
Property tax
$180
Heat allowance
$150
Condo fees, half counted
$293
Housing costs
$1,902 / mo

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

Down payment20% · $49,980
25-yr amortization

Income needed

$59,000

gross annual household income

Payment at 4%
$1,052 / mo
Cash down
$49,980

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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