1 day on Market

242 Rideau St #1208, Ottawa, Ontario K1N 0B7

In the same building:
-
Condo
-
1
~0-499 sqft
$265,000
Get pre-qualifiedPowered by nesto
Condo
-
1
~0-499 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$266/sqft

Monthly cost

Open Calculator

Description

Stylish Urban Living - 242 Rideau St #1208Discover the best of downtown Ottawa in this stylish, sun-filled studio condo at 242 Rideau St #1208! This bright and inviting unit,built in 2014 by Claridge Homes, boasts hardwood and tile flooring,elegant granite countertops, sleek stainless steel appliances, in-unit laundry, and ample storage space. Enjoy your morning coffee on the South-facing balcony, offering vibrant cityscape views. Additional perks include a separate storage locker and ultra-low condo fees that conveniently cover heat and water. Plus, the unit comes with a new Frigidaire refrigerator (April 2025)!The building has been recently renovated, showcasing modern finishes throughout. Residents enjoy top-notch amenities, including 24/7security, an indoor pool, sauna, gym, party room, and a spacious outdoor terrace with BBQs. Ideally located just steps from the University of Ottawa, this condo is perfect for students, faculty, and staff. You're also within walking distance of iconic landmarks such as Parliament Hill, By Ward Market, Rideau Canal, Rideau Centre, and the National Gallery of Canada. With a Metro supermarket directly across the street and O-Train Rideau Station just steps away, convenience is built into your everyday routine.An exceptional investment opportunity with high rental demand, this condo is ideal for first-time buyers or savvy investors looking for a truly special space.An unbranded virtual tour is available via the Virtual Tour URL for your convenience!


Property Details

StyleBachelor/Studio
View-
Age of property-
SqFt~0-499 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX12914814
Community NameLowertown
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Living

4.69 x 4.67

Laundry

0.0 x 0.0

Bathroom

2.51 x 1.57


Features

Patio: Open
Balcony: Open

12Story
Amenities

Concierge, Exercise Room, Gym, Indoor Pool, Party/Meeting Room, Rooftop Deck/Garden

Inclusions
Hydro
Water
Parking
Cable
Heat

Property listed by ROYAL LEPAGE SIGNATURE REALTY, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Market Data - Lowertown

Geo Zone Map ThumbnailLowertown

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

72 days

Compared to

2025

63 days

2024

66 days

2023

35 days

New Listings

Past 30 days

18 listings

Compared to

2025

31 listings

2024

10 listings

2023

13 listings

Units sold

Past 30 days

3 units

Compared to

2025

5 units

2024

9 units

2023

11 units

Median Sold Price

Past 30 days

$321,000

Compared to

2025

$385,000

2024

$375,000

2023

$404,000


Population and Demographics

Overview

Total population 7958
Average household income $111,627

Age (%)

0 to 19
14%
20 to 34
35%
35 to 49
18%
50 to 64
16%
65 and plus
16%

Household composition (%)

Single person
55%
Single family
34%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
57%
French
25%
Arabic
3%
English and French
3%
Mandarin
3%
Spanish
3%
Others
2%
French and non-official language(s)
1%

House tenancy (%)

Renters
75%
Owners
25%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget