$275K · 1 bed Condo Apartment · Unit 705, 475 Laurier Avenue, Ottawa, Ontario K1R 7X1

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Unit 705

475 Laurier Avenue · Ottawa · Ontario K1R 7X1

MLS® X12831204 · 4101 - Ottawa Centre · K1R 7X1

11OwnerOccupied600-699 ft²Condo ApartmentNoneNo basement$423/ft²$2,388 tax/yrNo basement

Neighbourhood Range

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About this home

Welcome to urban living in the heart of downtown Ottawa. This well-appointed one-bedroom condo offers a cozy, functional layout - perfect for professionals, first-time buyers, or investors seeking an affordable entry into the downtown market. Enjoy being just minutes from Parliament Hill, the Ottawa River, scenic walking and cycling paths, as well as some of the city's best restaurants, cafés, shops, and everyday conveniences. Everything you need is right at your doorstep.

Property details

MLS#

X12831204

Status

Buy Now

Property class

Residential Condo & Other

Beds

Baths

1 full, 0 half

Rooms

Kitchens

Size

600-699Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

Apartment

Type

Condo Apartment

Year built

—Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Owner Occupied
Washrooms: 3 pc
Family room: No
Central vacuum: No
Ensuite laundry: No

Condo corp #: 342
Balcony: Open
Locker: None
Fees include: Common Elements Included, Building Insurance Included, Water Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 0 total
Heating: Baseboard
Heating fuel: Electric
Cooling: None
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Laurier x Bay
Stories: 7
Utilities: —
Laundry: In Building
Interior: None
Parking features: —

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $275,000✓ $2,388 tax✓ Electric✓ 600-699 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,097/mo

incl. closing costs (yr 1)

Annual total

$37,160

year 1

Mortgage only

$1,043/mo

principal + interest

Beyond mortgage

$1,378/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$55,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$199/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~650 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$2,750/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$54/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$2,600

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)34% $12,519/yr

Property taxes13% $4,988/yr

Utilities7% $2,460/yr

Insurance & security4% $1,600/yr

Maintenance7% $2,750/yr

Condo fees21% $7,742/yr

Closing costs14% $5,100/yr

Mortgage is 34% of your true cost of ownership. The other 66% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$12,519	$1,043/mo
Government & taxes
Property tax	$2,388	$199/mo
Land transfer tax(closing)	$2,600	$217/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$2,750	$229/mo
Condo fees
Condo / HOA fees	$7,742	$645/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$37,160	$3,097/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 705

About this home

MyStreetValue™ Analysis

Property details

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs