Welcome to 475 Laurier Avenue #205 - This affordable 1 bedroom, 1 bathroom condo apartment in the heart of downtown Ottawa just steps away from Sparks Street, restaurants, transit and so much more. The building is smoke-free and well-maintained, providing a comfortable living environment. Tastefully modernized with laminate floors, gorgeous white kitchen with SS appliances, quartz counter tops and a modern farmer's sink. Spacious full bathroom offers a large vanity with ample storage. This unit also offers a large storage walk-in closet and balcony. This downtown condo is positioned in a growing rental market, offering the potential for steady cash flow, appreciation, and long-term value. Whether you're a seasoned investor or new to the market, this property is an excellent choice for anyone looking to capitalize on Ottawa's vibrant rental market.
Source: CREA
Brokerage: RE/MAX HALLMARK REALTY GROUP
MLS: X12338932
Monthly Mortgage Payment *
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Your affordability score is 3
Based on your annual income, you can afford a home around $618,103.91 with similar expenses like taxes, condo fees and utilities.
*Please note this is an estimate and is for educational purposes only. A variety of factors may affect your real world rates, the mortgage amount you qualify for and your monthly payments. Never rely on information or assumptions provided by the calculator to make financial decisions. It is always important to speak with an accredited mortgage professional for advice before making any decisions.
Mortgage Payment
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Increase your down payment to will lead to a positive cash flow. Having a positive cash flow means your property is paying you each month, making it a more stable and reliable investment, even if unexpected expenses pop up.
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Investing in real estate is a big decision and our calculator is here to help you get a quick, initial feel for potential scenarios. Think of it as a helpful exploratory tool to identify potential properties and spark your ideas, rather than a definitive guide. Please remember, the results are for informational purposes only and shouldn't be the sole basis for your investment decisions. Before making any financial commitments, we strongly recommend chatting with a Condo Culture investment advisor to get personalized guidance.
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