540 Cambridge Street South St S #408, Dows Lake - Civic Hospital and Area
Dows Lake - Civic Hospital and Area, ON · · MLS® X13715448Updated
$439,900Est. $2,161/mo mortgage
Bedrooms
1
Bathrooms
1
Living space
800–899sq ft
Parking spaces
1
Type Condo
Garage Yes
Basement None
What you should know
540 Cambridge Street South St S #408 is a 1-bedroom, 1-bathroom condo in Dows Lake - Civic Hospital and Area, listed for $439,900. It has 800-899 sq ft of living space.
1The spacious living area features a cozy fireplace, creating a warm and welcoming atmosphere.
2The kitchen is renovated, with a large sink, white subway tiles and newer appliances.
3The recently renovated bathroom adds a fresh, modern touch to the home.
1 Bed, 1 Bath Condo in Dows Lake - Civic Hospital and Area
Unit 408 at 540 Cambridge Street South Street South
This well located 1 bedroom condo with a large den and 1.5 bathrooms offers comfortable living in the heart of Ottawa. The spacious living area features a cozy fireplace, creating a warm and welcoming atmosphere. The kitchen is renovated, with a large sink, white subway tiles and newer appliances. The recently renovated bathroom adds a fresh, modern touch to the home. Ideally situated near Dow's Lake, Preston Street and the Glebe, you'll have easy access to parks, public transit/highways, the hospital, shopping, restaurants, cafés, and everyday amenities. Convenient transportation options make commuting and getting around the city a breeze. With a practical layout and a highly desirable central location, this home is an excellent opportunity for those looking to enjoy convenience, connectivity, and all that Ottawa has to offer. The building is pet friendly(small dogs under 25lbs) and wheel chair accessible.
1 bedroom, 1 bathroom, about 800 sq ft, works out to roughly $550 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 540 Cambridge Street South St S #408
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
800-899 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
540 Cambridge Street South St S #408 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13715448$439,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 540 Cambridge Street South St S #408 Compares to the Dows Lake - Civic Hospital and Area 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
$2,161
/mo
based on the purchase price of $439,900
$87,980 cash
$351,920 financed
$296,409 total interest
Principal54%$351,920
Interest46%$296,409
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 Dows Lake - Civic Hospital and Area
Other 1–2 bed homes for sale in Dows Lake - Civic Hospital and Area around $440K.
Market pulse · Dows Lake - Civic Hospital and Area
Median sold price$657,500Last 90 days
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio98.9%On average, homes sold below asking.
Active listings65Homes for sale here right now.
Median vs prior 90 days+22.1%Compared with Apr 18 – Jul 17, 2026: prices up.
Based on 58 sales from Jul 17 – Oct 15, 2026 (38 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 540 Cambridge Street South St S #408
How much is 540 Cambridge Street South St S #408 listed for?
540 Cambridge Street South St S #408 is listed at $439,900 (MLS® X13715448). Summitly updates the price as soon as the MLS® record changes.
Is $439,900 a good price for 540 Cambridge Street South St S #408?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Dows Lake - Civic Hospital and Area. 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 540 Cambridge Street South St S #408 changed?
No — 540 Cambridge Street South St S #408 is still listed at its original asking price of $439,900.
How many bedrooms and bathrooms does 540 Cambridge Street South St S #408 have?
540 Cambridge Street South St S #408 has 1 bedroom and 1 bathroom, with about 800–899 square feet of living space. It is a condo in Dows Lake - Civic Hospital and Area.
How much would the monthly mortgage be on 540 Cambridge Street South St S #408?
About $2,161 a month — principal and interest on $439,900 with 20% down ($87,980), 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 540 Cambridge Street South St S #408 compare with other homes in Dows Lake - Civic Hospital and Area?
Its asking price of $439,900 is about 33% below the median sold price in Dows Lake - Civic Hospital and Area over the last 90 days, $657,500, across 58 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 540 Cambridge Street South St S #408 been sold before?
Summitly has no earlier MLS® sale or lease of 540 Cambridge Street South St S #408 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 540 Cambridge Street South St S #408?
540 Cambridge Street South St S #408 is in Dows Lake - Civic Hospital and Area, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 540 Cambridge Street South St S #408 been on the market?
50 days — 540 Cambridge Street South St S #408 was listed on August 26, 2026.
What is the price per square foot of 540 Cambridge Street South St S #408?
About $489 to $550 per square foot: the asking price of $439,900 over the 800–899 sq ft the listing gives as its size range.
Does 540 Cambridge Street South St S #408 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 540 Cambridge Street South St S #408 have a basement, and is it finished?
The listing says 540 Cambridge Street South St S #408 has no basement.
