The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
THE ECHO AT 550 CAMBRIDGE - Glebe Annex. | Light-filled, spacious and wonderfully easy to live in! This well-designed suite offers the comfort of a home with the convenience of condominium living. A soft off-white palette reflects the natural light beautifully, complemented by warm wood flooring throughout the generous living and dining areas. The updated eat-in kitchen provides excellent cabinetry and counter space, under-cabinet lighting and brushed stainless steel appliances, with thoughtful openings allowing light to move through the surrounding spaces. The solarium/office adds valuable year-round living space and enjoys leafy treed vistas-ideal as a home office, guest room, reading lounge or quiet retreat. The spacious principal bedroom offers a walk-in closet. The recently renovated bathroom has a glass-enclosed shower, marble style tile and contemporary black fixtures. Tile flooring in the foyer and kitchen, in-suite laundry and excellent storage add everyday practicality. Perfect for entertaining, with generous main living spaces. Underground parking and a storage locker are included. Residents also enjoy the convenience of a guest suite, and pets are permitted (. Generous rooms, abundant natural light and flexible living space combine to create a condominium that feels comfortable, established and remarkably livable. The unit a really great unit providing very good value, it is spacious, offering a calm and genuinely comfortable feel. Lots of walkable options - parks, resturants and amenities! Dows Lake, Commissioners Park, Dominion Arboretum, Little Italy and the Glebe all close at hand. Immaculate and move in ready! 24 hours irrevocable on all offers
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,360/mo
Mortgage (principal + interest)$1,493
Property taxFrom listing: $3,375/yr$281
Condo feesFrom listing$586
Minimum $19,950 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$79,800
Ontario land transfer taxProvincial brackets, no first-time refund$4,460
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$87,060
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Dows Lake - Civic Hospital and Area has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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