550 Cambridge Street S 507, Dows Lake - Civic Hospital and Area, ON K1S 5N3
Utilities includedHeat · Central Air Conditioning · Water
Also includedBuilding Insurance · Common Elements · Parking
- Maintenance fee
- $605 / month
- Property tax
- $3,924 / year
- Included in the fee
- Heat, CAC, Water, Building Insurance, Common Elements, Parking
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.
- MLS number
- X13769916
- Type
- Condo Apartment
- Status
- Active
- Bedrooms
- 2
- Bathrooms
- 2
- Postal code
- K1S 5N3
- Photos
- 21
- Included in the fee
- Heat, CAC, Water, Building Insurance, Common Elements, Parking
This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Condo Apartment
- Style
- 1 Storey/Apt
- Class
- Residential Condo & Other
- Exposure
- East West
- Community
- 4502 - West Centre Town
- Municipality
- Dows Lake - Civic Hospital and Area
- Cross street
- Carling and Cambridge
Inside
- Bedrooms
- 2
- Bedrooms above grade
- 2
- Bathrooms
- 2
- Washrooms
- 2 on the main floor
- Kitchens
- 1
- Rooms above grade
- 8
- Fireplace
- Yes
- Fireplaces
- 1
- Basement
- None
- Size
- 700-799
Building
- Construction
- Brick
- Balcony
- Open
Parking
- Garage
- Underground
- Covered spaces
- 1
- Driveway spaces
- 0
- Total parking
- 1
Heating, cooling and services
- Heating
- Baseboard
- Heat source
- Electric
- Cooling
- Central Air
Condominium
- Fee
- $605 / month
- Fee includes
- Heat Included, CAC Included, Water Included, Building Insurance Included, Common Elements Included, Parking Included
- Pets
- Yes-with Restrictions
Features
- Interior
- Storage
Listing
- MLS number
- X13769916
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-09-09
- Expires
- 2026-12-08
- Taxes
- $3,924 (2026)
- Board
- Ottawa Real Estate Board
Listing history
This address has been listed 3 times.
Where this home is
H-Value
The market around this home
Condo Apartments in Dows Lake - Civic Hospital and Area — 142 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.
How these are built, and what they cannot tell you
Each point is the median of the sales that closed in that quarter among condo apartments in dows lake - civic hospital and area. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.
This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.
Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
Monthly rent starts from the median of recent leases in this building. Change it to anything you like.
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.
What this building rents and sells for
Closed transactions at 550 Cambridge over the last 24 months — not estimates.
| Size | Median rent | Median price | Gross yield | Based on |
|---|---|---|---|---|
| 2 bed | $2,300/mo | $425,000 | 6.5% | 5 leases · 3 sales |
| All sizes | $2,300/mo | $425,000 | 6.5% | 5 leases · 3 sales |
How this is calculated
Every figure is a transaction that actually closed in this building, taken from the board’s records over the last 24 months. Rents and prices are medians, not averages, so a single penthouse sale does not distort the picture. Rows appear only where there were at least 3 leases and 3 sales of that size.
Rent and price are matched by bedroom count on purpose. Dividing a one-bedroom’s rent by a three-bedroom’s price would produce a yield for a home that does not exist.
This is a gross yield. Annual rent divided by price, with nothing deducted — no condo fees, property tax, insurance, vacancy, maintenance or financing. A net figure would depend on assumptions particular to a buyer, and inventing those on your behalf would make the number look more precise than it is. Expect the net return to be materially lower.
Source: closed transactions reported to the Toronto Regional Real Estate Board.