Unknown for 242 Rideau St #505, Ottawa Ontario K1N 0B7
11 hours on Market

242 Rideau St #505, Ottawa, Ontario K1N 0B7

In the same building:
-
Condo
2
2
~600-699 sqft
$435,000
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Condo
2
2
~600-699 sqft

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Highlights

Property Estimate

Days on market11 hours

Estimated valueNot available

Price/Sqft$674/sqft

Monthly cost

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CMA Subject Property

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+5

Properties sold*

$445K

Median sold price*

*Based on last 30 days

Description

Experience the best of downtown living in this stylish 2-bedroom + den condo, perfectly located in one of Ottawas most vibrant neighbourhoods. Freshly painted and move-in ready, this thoughtfully designed unit features elegant hardwood floors, a gourmet kitchen with granite countertops, stainless steel appliances, and sleek cabinetry ideal for both everyday living and entertaining.The spacious primary suite offers a walk-in closet and a luxurious ensuite, while the versatile den provides the perfect space for a home office or reading nook. Floor-to-ceiling windows fill the space with natural light, and a private balcony showcases sweeping city views.This sought-after building offers premium amenities including 24/7 security, an indoor pool, a party room, a fully equipped fitness centre, and a 3,000+ sq. ft. rooftop terrace. The unit also includes one underground parking space and a storage locker for added convenience.Just steps to grocery stores, the University of Ottawa, NAC, Parliament Hill, the LRT, shops, restaurants, and more, this home combines comfort, style, and unbeatable convenience. Don't miss your chance to own this modern, move-in-ready condo in the heart of the city. Book your private showing today!


Property Details

StyleApartment
View-
Age of property-
SqFt~600-699 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX12384797
Community NameLowertown
Data SourceTRREB
Listing bySOLID ROCK REALTY

Features

Heating: Heat Pump
Cooling: Central Air

Main Floor

Kitchen

2.51 x 3.04

Living

3.35 x 2.74

Dining

3.35 x 2.46

Den

2.94 x 1.6


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

Sep 5, 2025
ListedActive
$435,000
11 hours on market
history photo preview20
Listing by trreb®

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

80 days

Compared to

2024

40 days

2023

30 days

2022

32 days

New Listings

Past 30 days

24 listings

Compared to

2024

31 listings

2023

21 listings

2022

17 listings

Units sold

Past 30 days

8 units

Compared to

2024

5 units

2023

2 units

2022

12 units

Median Sold Price

Past 30 days

$349,500

Compared to

2024

$445,000

2023

$342,500

2022

$404,100


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