Unknown for 242 Rideau St #2005, Ottawa Ontario K1N 0B7
67 days on Market

242 Rideau St #2005, Ottawa, Ontario K1N 0B7

In the same building:
-
Condo
1
1
~600-699 sqft
$•••,•••
$364,900
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Condo
1
1
~600-699 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$565/sqft

Est. Mortgage$1,567/mo

Maintenance fees$601/mo

Tax Amount (2024)$3,647/yr

Days On Market67 days


Description

Experience refined urban living in this exquisite luxury downtown condo, offering breathtaking sunset views and unmatched convenience. Ideally located in the heart of the city, you're just steps from the Rideau Centre, the University of Ottawa, and the vibrant ByWard Market. Enjoy exclusive building amenities, including an indoor pool, theater, fitness center, and an outdoor patio area. After a long day, relax on your private covered balcony your personal retreat in the city. This spacious 1-bedroom, 1-bathroom unit features in-unit laundry and a fully equipped kitchen with upgraded cabinetry. Additional highlights include private underground parking, a storage locker, and a dedicated concierge at the main entrance, ensuring enhanced security and convenience. Hot water, heating, and cooling are included in the condo fee. Location is everything, just steps from the LRT, a brand-new Metro grocery store, the Rideau Centre, top restaurants, and an array of shops, you'll also be within easy reach of Ottawa's most iconic destinations, including Parliament Hill, the University of Ottawa, and the scenic Rideau Canal. Adding even more appeal, a $129 million revitalization plan is already underway to transform ByWard Market into a greener, more pedestrian-friendly hub further boosting the area's charm, livability, and long-term value. Whether you're a first-time buyer, young professional, or savvy investor seeking a high-demand rental opportunity, this condo checks all the right boxes for modern downtown living. The tenant will leave at the end of May, 2025.


Property Details

Style1 Storey/Apt
View-
Age of property-
SqFt~600-699 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX11995327
Community NameLowertown
Data SourceTRREB
Listing byEXP REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Kitchen

3.02 x 2.01

Br

3.35 x 2.9

Living

5.74 x 3.28

Bathroom

2.21 x 1.98

3 Pc Bath


Features

Patio: Encl
Balcony: Encl

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


20Story
Elevator
Amenities

Indoor Pool, Party/Meeting Room, Sauna

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Mar 2, 2025
ListedActive
$364,900
67 days on market
history photo preview32
Listing by trreb®
Property listed by EXP REALTY, Brokerage

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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

39 days

Compared to

2024

26 days

2023

34 days

2022

12 days

New Listings

Past 30 days

23 listings

Compared to

2024

25 listings

2023

23 listings

2022

25 listings

Units sold

Past 30 days

8 units

Compared to

2024

12 units

2023

10 units

2022

8 units

Median Sold Price

Past 30 days

$366,500

Compared to

2024

$400,000

2023

$372,750

2022

$439,000


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