Indoor foyer for 242 Rideau St #1406, Lower Town - Sandy Hill Ontario K1N 0B7
2 days on Market

242 Rideau St #1406, Lower Town - Sandy Hill, Ontario K1N 0B7

In the same building:
-
Condo
1
1
~600-699 sqft
$378,000
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Condo
1
1
~600-699 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$585/sqft

Est. Mortgage$1,623/mo

Maintenance fees$642/mo

Tax Amount (2024)$3,929/yr

Days On Market2 days


Description

Modern 1-Bedroom Condo in the Heart of ByWard Market Prime Downtown Location! Built in 2014 by renowned builder Claridge, this well-maintained 675 sq. ft. condo offers modern living in one of Ottawas most vibrant neighbourhoods. Located in the heart of ByWard Market and downtown Ottawa, everything you need is just steps away - festivals, the Rideau Canal, shops, restaurants, grocery stores, and the Rideau Centre. Its across from the new Metro store and minutes from Parliament Hill, Majors Hill Park, the University of Ottawa, and more. This condo presents an excellent investment opportunity, with strong demand from professionals and university students, ensuring high rental potential and positive cash flow. Commuting is easy with the LRT just steps away and a bus stop at your door. The unit features a smart, square layout that maximizes space. Large south-facing windows in both the living room and bedroom flood the unit with natural light. Enjoy stylish new luxury laminate flooring in the living area, durable ceramic flooring in the foyer, kitchen, and closet, granite countertops, stainless steel appliances, and ample storage. In-unit laundry and additional storage inside the unit and in a dedicated locker are included. **One underground parking space** is also provided. Step out onto the spacious balcony, perfect for relaxing in the warmer months. Residents enjoy a 7,250 sq. ft. recreation area with an indoor pool, saunas, gym, party room, landscaped outdoor terraces, and BBQs. The building offers 24-hour security, concierge service, and surveillance for added peace of mind. A $129 million revitalization plan is underway for ByWard Market, enhancing the area with a greener, more pedestrian-friendly environment. This initiative will further increase the appeal of living at 242 Rideau, making it an even more desirable place to call home. Don't miss this fantastic opportunity to own in one of Ottawas most central locations. Contact us today for your private tour!


Property Details

StyleApartment
View-
Age of property-
SqFt~600-699 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX11984848
Community NameLowertown
Data SourceTRREB
Listing byHOME RUN REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Fireplace

Main Floor

Kitchen

1.96 x 2.95

Br

3.12 x 3.51

Living

3.53 x 6.35

Bathroom

0.00 x 0.00

4 Pc Bath


Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


14Story
Amenities

Concierge, Exercise Room, Indoor Pool, Sauna, Elevator

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Feb 24, 2025
ListedActive
$378,000
2 days on market
history photo preview40
Listing by trreb®
Property listed by HOME RUN REALTY INC., Brokerage

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Population and Demographics

Overview

Total population 7958
Average household income $111,627

Age (%)

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

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%

Schools and amenities

Estimated Budget