Unknown for 242 Rideau St #502, Ottawa Ontario K1N 0B7
3 days on Market

242 Rideau St #502, Ottawa, Ontario K1N 0B7

In the same building:
-
Condo
2
2
~900-999 sqft
$459,900
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Condo
2
2
~900-999 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$486/sqft

Est. Mortgage$1,975/mo

Maintenance fees$860/mo

Tax Amount (2025)$4,902/yr

Days On Market3 days


Description

Welcome to 242 Rideau Street, Unit 502 Modern Living in the Heart of the ByWard Market. Experience upscale urban living in this beautifully designed 2-bedroom + den condo, perfectly located in one of Ottawas most vibrant neighbourhoods. Boasting a fresh coat of paint, this unit features elegant hardwood floors, a gourmet kitchen with granite countertops, stainless steel appliances, and sleek cabinetry ideal for both cooking and entertaining.The spacious primary bedroom includes a luxurious ensuite, while the den offers flexible space for a home office or reading nook. Step out onto your private balcony and take in sweeping city views. Enjoy the buildings premium amenities, including 24/7 security, an indoor pool, party room, fully equipped fitness centre, and a 3,000+ sq. ft. rooftop terrace. This unit includes 1 underground parking space and a storage locker for added convenience. Located just steps from the grocery store, University of Ottawa, NAC, Parliament Hill, transit(LRT), restaurants, and shopping, this condo offers the ultimate in downtown lifestyle and convenience. Dont miss your opportunity to own a stylish, move-in-ready home in the heart of the city. Book your private showing today!


Property Details

Style1 Storey/Apt
View-
Age of property-
SqFt~900-999 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX12161584
Community NameLowertown
Data SourceTRREB
Listing bySOLID ROCK REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Living

3.35 x 2.74

2nd Br

2.97 x 3.35

Dining

3.35 x 2.46

Kitchen

2.51 x 3.04


Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


5Story
Elevator
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

May 21, 2025
ListedActive
$459,900
3 days on market
history photo preview31
Listing by trreb®
Property listed by SOLID ROCK 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%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget