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.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $500 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 475 Laurier Ave W #606
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
500-599 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
475 Laurier Ave W #606 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14090246$249,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 475 Laurier Ave W #606 Compares to the Ottawa Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,228
/mo
based on the purchase price of $249,900
$49,980 cash
$199,920 financed
$168,385 total interest
Principal54%$199,920
Interest46%$168,385
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Ottawa
Other 1–2 bed homes for sale in Ottawa around $250K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings250Homes for sale here right now.
Median vs prior 90 days+1.4%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 138 sales from Jul 24 – Oct 22, 2026 (107 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
6 for sale at 475 Laurier Ave W — plus its sale and lease history.
475 Laurier Ave W #606 is listed at $249,900 (MLS® X14090246). Summitly updates the price as soon as the MLS® record changes.
Is $249,900 a good price for 475 Laurier Ave W #606?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Ottawa. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 475 Laurier Ave W #606 changed?
No — 475 Laurier Ave W #606 is still listed at its original asking price of $249,900.
How many bedrooms and bathrooms does 475 Laurier Ave W #606 have?
475 Laurier Ave W #606 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Ottawa.
Is 475 Laurier Ave W #606 close to transit?
The nearest rapid-transit station is Lyon Station (O-Train Line 1), about 270 m (about a 3-minute walk) in a straight line. Parliament Station is about 690 m (about a 9-minute walk), and Pimisi Station is about 760 m (about a 10-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 475 Laurier Ave W #606?
About $1,228 a month — principal and interest on $249,900 with 20% down ($49,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 475 Laurier Ave W #606 compare with other homes in Ottawa?
Its asking price of $249,900 is about 44% below the median sold price in Ottawa over the last 90 days, $446,000, across 138 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 475 Laurier Ave W #606 been sold before?
Summitly has no earlier MLS® sale or lease of 475 Laurier Ave W #606 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 475 Laurier Ave W #606?
475 Laurier Ave W #606 is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 475 Laurier Ave W #606 been on the market?
6 days — 475 Laurier Ave W #606 was listed on October 16, 2026.
What is the price per square foot of 475 Laurier Ave W #606?
About $417 to $500 per square foot: the asking price of $249,900 over the 500–599 sq ft the listing gives as its size range.
Does 475 Laurier Ave W #606 have a basement, and is it finished?
The listing says 475 Laurier Ave W #606 has no basement.
