550 Cambridge St S #603, Dows Lake - Civic Hospital and Area
Dows Lake - Civic Hospital and Area, ON · · MLS® X14033402Updated
$399,900Est. $1,965/mo mortgage
Bedrooms
2
Bathrooms
2
Living space
700–799sq ft
Parking spaces
1
Type Condo
Garage Yes
Basement None
What you should know
550 Cambridge St S #603 is a 2-bedroom, 2-bathroom condo in Dows Lake - Civic Hospital and Area, listed for $399,900. It has 700-799 sq ft of living space.
1Enjoy easy access to restaurants, cafes, shopping, transit, parks and the Rideau Canal.
2The spacious primary bedroom includes excellent closet space and a private ensuite bathroom.
3Additional highlights include convenient in-unit laundry, one underground parking space and a dedicated storage locker.
2 Bed, 2 Bath Condo in Dows Lake - Civic Hospital and Area
Unit 603 at 550 Cambridge Street South
Beautifully renovated and exceptionally spacious 2-bedroom, 2-bathroom condo ideally located in the heart of West Centre Town. Situated in The Lakelander, this well-maintained building offers bright, open-concept living just steps to The Glebe, Little Italy, Centretown and Dow's Lake. Enjoy easy access to restaurants, cafes, shopping, transit, parks and the Rideau Canal. This thoughtfully updated unit features abundant natural light through large windows, fresh neutral paint throughout and brand-new vinyl flooring for a modern, cohesive feel. The kitchen offers refreshed cabinetry, ample counter space and a functional layout that seamlessly connects to the generous living and dining areas-perfect for both everyday living and entertaining. The spacious primary bedroom includes excellent closet space and a private ensuite bathroom. The second bedroom is well-sized with ample storage and access to the full main bathroom. Additional highlights include convenient in-unit laundry, one underground parking space and a dedicated storage locker. A fantastic opportunity to live in one of Ottawa's most vibrant and walkable neighbourhoods. Current tenant pays $2300 + Hydro and has lease til April 30th, 2027. Perfect for investors. Parking space #P1-A46 (Owned). Storage Locker P2 - Locker #2 (exclusive use). 24 hours notice for all showings and 24 hours irrevocable on all offers.
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $571 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 550 Cambridge St S #603
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
700-799 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
550 Cambridge St S #603 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$1,965
/mo
based on the purchase price of $399,900
$79,980 cash
$319,920 financed
$269,457 total interest
Principal54%$319,920
Interest46%$269,457
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.
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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 $400K.
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+20.6%Compared with Apr 17 – Jul 16, 2026: prices up.
Based on 58 sales from Jul 16 – Oct 14, 2026 (37 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 550 Cambridge St S #603
How much is 550 Cambridge St S #603 listed for?
550 Cambridge St S #603 is listed at $399,900 (MLS® X14033402). Summitly updates the price as soon as the MLS® record changes.
Is $399,900 a good price for 550 Cambridge St S #603?
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 550 Cambridge St S #603 changed?
No — 550 Cambridge St S #603 is still listed at its original asking price of $399,900.
How many bedrooms and bathrooms does 550 Cambridge St S #603 have?
550 Cambridge St S #603 has 2 bedrooms and 2 bathrooms, with about 700–799 square feet of living space. It is a condo in Dows Lake - Civic Hospital and Area.
How much would the monthly mortgage be on 550 Cambridge St S #603?
About $1,965 a month — principal and interest on $399,900 with 20% down ($79,980), 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 550 Cambridge St S #603 compare with other homes in Dows Lake - Civic Hospital and Area?
Its asking price of $399,900 is about 39% 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 550 Cambridge St S #603 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 550 Cambridge St S #603 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 550 Cambridge St S #603?
550 Cambridge St S #603 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 550 Cambridge St S #603 been on the market?
1 day — 550 Cambridge St S #603 was listed on October 13, 2026.
What is the price per square foot of 550 Cambridge St S #603?
About $501 to $571 per square foot: the asking price of $399,900 over the 700–799 sq ft the listing gives as its size range.
Does 550 Cambridge St S #603 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 550 Cambridge St S #603 have a basement, and is it finished?
The listing says 550 Cambridge St S #603 has no basement.
