18 hours on Market

242 Rideau St #2606, Ottawa, Ontario K1N 0B7

In the same building:
-
Condo
1
1
~600-699 sqft
$385,000
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Condo
1
1
~600-699 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$596/sqft

Est. Mortgage$1,653/mo

Maintenance fees$640/mo

Tax Amount (2025)$3,862/yr

Days On Market18 hours


Description

Welcome to elevated city living in one of downtown Ottawa's most sought-after buildings. Perched on a higher floor well above the street-level hustle, this bright and modern 1-bedroom condo offers the peace, privacy, and skyline views you've been waiting for. Step into an open-concept layout filled with natural light, where floor-to-ceiling windows frame the city and block out the noise. The kitchen is finished with stainless steel appliances, island seating, and plenty of cabinet space, opening into a versatile living and dining area perfect for both relaxing and entertaining. The bedroom offers a comfortable retreat with ample space, while the updated 3-piece bath adds a sleek, modern touch. In-unit laundry makes day-to-day living even easier. Enjoy your morning coffee or evening wind-down on your private balcony, with nothing but open skies and city lights. This unit also includes underground parking and a storage locker for added convenience. Residents enjoy access to premium amenities: an indoor pool, full gym, conference room, and a stylish lounge space for hosting or working remotely. Just steps from the University of Ottawa, Rideau Centre, the ByWard Market, and major transit, this location delivers on every level. If you're looking for quiet comfort, unbeatable convenience, and a view to match, this is the one.


Property Details

StyleOther
View-
Age of property-
SqFt~600-699 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX12201684
Community NameLowertown
Data SourceTRREB
Listing byEXP REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Living

5.56 x 3.53

Kitchen

3.3 x 2.0

Br

3.35 x 2.97


Features

Patio: Terr
Balcony: Terr

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


26Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Jun 6, 2025
ListedActive
$385,000
18 hours on market
history photo preview28
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

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