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Patio, city buildings view from balcony for 242 Rideau St #501, Ottawa Ontario K1N 0B7

242 Rideau St #501, Ottawa, Ontario K1N 0B7

In the same building:
-
Condo
2
2
~1200-1399 sqft
$549,900
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Condo
2
2
~1200-1399 sqft

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Highlights

Property Estimate

Estimated valueNot available

Price/Sqft$426/sqft

Monthly cost

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Description

Enjoy an unbeatable downtown location with stunning views of Parliament Hill!!! A spacious and well-designed 2-Bedroom plus DEN, 2 Bathrooms condo offering approximately 1,280 sq. ft. of living space. 1 Parking and 1 Locker are included, with an ADDITIONAL PARKING space available for purchase. Featuring impressive oversized curved windows, a functional layout with generously sized bedrooms, and a versatile den ideal for a home office or additional living space, this suite offers plenty of room and flexibility for comfortable urban living.The desirable north-west exposure offers stunning sunset views, allowing you to enjoy the warm evening glow over the city. Steps to the University of Ottawa, Rideau Centre, Shopping, Restaurants, LRT, Public Transit and all the conveniences of downtown living. Experience the best of downtown living with spacious interiors and breathtaking views of Parliament Hill!


Upcoming Open House

Nov 22Sun2:00 PM - 4:00 PM

Property Details

StyleApartment
ViewDowntown, City
Age of property-
SqFt~1200-1399 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX14177012
Community NameLowertown
Data SourceTRREB
Listing byHOME RUN REALTY INC.

Features

Heating: Heat Pump
Cooling: Central Air

Main Floor

Living

4.88 x 7.72

Balcony

Kitchen

2.18 x 2.28

Breakfast Area

Primary

3.28 x 3.51

3 Pc Ensuite

2nd Br

3.72 x 3.14

3 Pc Bath


Features

Patio: Terr
Balcony: Terr

Parking

Garage spaces -

Garage type -

Total parking spaces 1


5Story
Elevator
Amenities

Bike Storage, Concierge, Gym, Indoor Pool, Party/Meeting Room, Sauna

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Date unavailable
ListedActive
$549,900
< 1h on market
history photo preview42
Listing by trreb®
Property listed by HOME RUN REALTY INC., 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

32 days

Compared to

2025

46 days

2024

76 days

2023

28 days

New Listings

Past 30 days

37 listings

Compared to

2025

18 listings

2024

26 listings

2023

16 listings

Units sold

Past 30 days

3 units

Compared to

2025

5 units

2024

2 units

2023

8 units

Median Sold Price

Past 30 days

$259,900

Compared to

2025

$648,000

2024

$405,000

2023

$448,750


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