383 Cumberland Street 505

4001 - Lower Town/Byward Market, Lower Town - Sandy Hill, K1N 1J7

$249,900

1 bedrooms
1 bathrooms
0 parking
0-499 sq ft

Listed 19 days ago · MLS® X13847322

About this home

This bright, beautifully updated condo delivers modern finishes, incredible natural light and an unbeatable location in the heart of Ottawa's ByWard Market. The desirable east-facing exposure is a standout, offering expansive city views while facing away from the busier street frontage for a quieter setting. Floor-to-ceiling windows stretch across the main living area and bedroom, filling the unit with morning sun and creating a bright, open feel throughout. Step outside onto the impressive nearly 30-foot-long balcony, providing exceptional outdoor living space with plenty of room to relax, entertain or enjoy your morning coffee overlooking the city.Inside, extensive updates make this unit truly move-in ready. The brand-new kitchen features light oak cabinetry, a crisp white tile backsplash, generous workspace and brand-new stainless steel appliances. New luxury vinyl plank flooring runs throughout the unit for a clean, contemporary finish. The open-concept living and dining space flows naturally from the kitchen and provides direct access to the balcony. The spacious bedroom features its own floor-to-ceiling windows, a large closet with excellent storage and a sliding privacy door, allowing you to easily separate the bedroom from the main living area when desired. The full bathroom offers a tub/shower combination with a tiled surround, while convenient in-unit laundry adds everyday practicality. Residents also enjoy excellent building amenities including a well-equipped fitness room with cardio and weight equipment, party room and outdoor common patio with BBQs. Leave the car behind and enjoy one of Ottawa's most walkable locations, just steps from grocery stores, restaurants, cafés, shopping, nightlife, transit and the University of Ottawa. An excellent opportunity for first-time buyers, investors, students or parents looking for an alternative to the high cost of university residence. Modern, bright, updated and exceptionally well located!

Details

Type: Condo Apartment
Style: Apartment
Age: 16-30 years
Size: 0-499 sq ft
Basement: None
Garage: None
Kitchens: 1
Property tax: $2,270 (2025)
Maintenance fee: $473/month
Neighbourhood: 4001 - Lower Town/Byward Market
Municipality: Lower Town - Sandy Hill
Price per sq ft: ~$501 (9% below condo apartments in 4001 - Lower Town/Byward Market, $551)
Fee per sq ft: $0.95/month

Interior

Bedrooms: 1 above ground
Bathrooms: 1 × 4-piece (main)
Rooms: 4 above ground
Family room or den: No
Fireplace: No
Laundry: Laundry Closet, In-Suite Laundry, Ensuite
Features: Carpet Free, Primary Bedroom - Main Floor, Storage, Storage Area Lockers

Heating, cooling and services

Heating: Heat Pump, Gas
Air conditioning: Central Air

Building and exterior

Style: Apartment
Exterior: Brick
Roof: Tar and Gravel
Foundation: Concrete
Age: 16-30 years

Condo

Building: The East Market Phase 2
Monthly fee: $473
Fee includes: Heat Included, Water Included, Common Elements Included, Building Insurance Included
Amenities: Elevator, Exercise Room, Party Room/Meeting Room, Community BBQ
Locker: Owned (level Main (Level 1))
Balcony: Open
Exposure: East
View: City
Pets: Yes-with Restrictions
Property manager: CONDO MANAGEMENT GROUP

Possession: FLEX
Nearby: Public Transit
Cross street: Cumberland Street between George & York

Rooms

Room	Level	Size
Bedroom	Main	3.07 × 2.59 m (10'1" × 8'6")
Living Room	Main	1.96 × 3.25 m (6'5" × 10'8")
Kitchen	Main	1.6 × 3.25 m (5'3" × 10'8")
Foyer	Main	1.37 × 2.52 m (4'6" × 8'3")
Bathroom	Main	1.52 × 2.16 m (5' × 7'1")

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

🚇 Rideau LRT6 min walk
🚇 uOttawa LRT17 min walk

Within a 10-minute walk: 4 grocery stores, 167 cafés and restaurants, 14 parks, 10 pharmacies. Nearest grocery: Metro (100 m). Nearest park: Raphael Brunet Park (350 m).

Schools nearby

Elementary

York Street Public School
EQAO: Gr 6 reading 65%, math 20%8 min walk
École élémentaire catholique Sainte-Anne Catholic · French
EQAO: Gr 6 reading 100%, math 81%10 min walk
École élémentaire publique Francojeunesse French
EQAO: Gr 6 reading 96%, math 80%12 min walk
École Notre-Dame du Mont Carmel French · Private12 min walk

Secondary

École secondaire publique De la Salle French11 min walk
Lisgar Collegiate Institute
EQAO: Gr 9 math 73%, literacy test 91%15 min walk
MacDonald-Cartier Academy Private1.3 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K1N

Owners / renters: 24% / 76%
Median household income: $64,000
Average age: 40
Children under 15: 9%
Homes: 4% detached, 49% high-rise
Commute by transit: 23%
Population: 26,639

Languages spoken most at home besides English: Mandarin 1.5%, Arabic 1.3%, Spanish 0.9%, Somali 0.6%.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).

Living here

Commute

To downtown Ottawa: 1 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (whole home or part of it), with a City host permit. Rural cottage rentals have a separate permit.

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by HOUSESIGMA INC.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Estimated monthly cost

Mortgage: $1,094
Property tax: $189
Maintenance: $473
Total: $1,756

$49,980 down, 25-year amortization at 4.39%.

Cash needed to buy

Down payment: $49,980
Land transfer tax: $2,224
Legal and other costs: ~$2,500
Total: $54,704

First-time buyers can get up to $8,475 of land transfer tax back. All closing costs

Adjust the numbers

Rental potential

$2,100/month

Typical asking rent for 1 bedroom condos like this within 1 km (34 for rent now; most $1,995–$2,250).

As a rental, with 20% down

Rent: $2,100
Mortgage: −$1,094
Property tax: −$189
Maintenance fee: −$473
Insurance, repairs, vacancy: −$161
Cash flow: +$183/month

Cap rate 6.1% · gross yield 10.1%. Rentals need 20% down. Rough figures before income tax; ask us for a full analysis.

Rent control: Covered by Ontario’s yearly limit (2.1% in 2026): the building is older than Nov. 2018.

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