1 day on Market

242 Rideau St #206, Ottawa, Ontario K1N 0B7

In the same building:
-
Condo
1
1
~800-899 sqft
$425,000
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Condo
1
1
~800-899 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$502/sqft

Est. Mortgage$1,825/mo

Maintenance fees$790/mo

Tax Amount (2024)$4,520/yr

Days On Market1 day


Description

Welcome to this spacious and unique 1 bedroom + den condo with 1 underground parking and storage locker, ideally located on the second floor of a well-maintained building in the heart of downtown Ottawa!! Enjoy the convenience of being just steps from the University of Ottawa, Rideau Centre, Byward Market, and numerous public transit options. The bright, open-concept layout features a contemporary kitchen with stainless steel appliances and island seating, a sleek 3-piece bathroom with modern tiled finishes, and the added bonus of in-unit laundry. Step out onto your private balcony to enjoy your morning coffee or unwind after a long day with city views. This unit includes a dedicated underground parking space and a storage locker conveniently located on the same floor. Residents also have access to exceptional amenities, including an indoor swimming pool, a fully equipped gym, a conference room, and a welcoming common lounge.


Property Details

StyleApartment
View-
Age of property-
SqFt~800-899 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX12197059
Community NameLowertown
Data SourceTRREB
Listing byRE/MAX HALLMARK REALTY GROUP

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Primary

3.65 x 3.17

Dining

0.0 x 4.95

Kitchen

2.59 x 2.28

Den

2.28 x 1.75


Features

Patio: Jlte
Balcony: Jlte

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


2Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Jun 5, 2025
ListedActive
$425,000
1 day on market
history photo preview33
Listing by trreb®
Property listed by RE/MAX HALLMARK REALTY GROUP, 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

64 days

Compared to

2024

21 days

2023

22 days

2022

19 days

New Listings

Past 30 days

47 listings

Compared to

2024

37 listings

2023

27 listings

2022

21 listings

Units sold

Past 30 days

7 units

Compared to

2024

13 units

2023

17 units

2022

15 units

Median Sold Price

Past 30 days

$372,500

Compared to

2024

$473,000

2023

$402,500

2022

$505,000


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%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget