64 days on Market

242 Rideau St #807, Ottawa, Ontario K1N 0B7

In the same building:
-
Condo
1
1
~0-499 sqft
$325,000
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Condo
1
1
~0-499 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$326/sqft

Est. Mortgage$1,396/mo

Maintenance fees$550/mo

Tax Amount (2024)$4,900/yr

Days On Market64 days


Description

Experience modern downtown living in this open-concept 1-bedroom condo, perfect for professionals or mature students. The spacious layout features hardwood floors, ceramic tile, granite countertops and a generous bedroom with oversized walk-in closet for ample storage. Enjoy expansive windows, and a private balcony. The designer kitchen boasts stainless steel appliances, complemented by in-suite laundry for convenience. Freshly painted and cleaned, this suite offers a neutral color palette and includes a private storage locker. Enjoy luxurious amenities such as a heated saltwater pool, gym, outdoor terrace, theatre room, business center, party lounge, and 24/7 security with a concierge. Ideally located within walking distance to Ottawa U, Rideau Centre, the Canal, Parliament, and trendy restaurants. Unit is tenanted until January 31, 2026. 24 hours notice for viewings, 24 hour irr on offers.


Property Details

StyleApartment
View-
Age of property11-15
SqFt~0-499 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX12089855
Community NameLowertown
Data SourceTRREB
Listing byBENNETT PROPERTY SHOP REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Dining

3.3 x 2.73

Living

3.64 x 3.28

Primary

3.04 x 3.56

W/I Closet

Bathroom

1.92 x 2.46


Features

Patio: Open
Balcony: Open

8Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Apr 17, 2025
ListedActive
$325,000
64 days on market
history photo preview16
Listing by trreb®
Property listed by BENNETT PROPERTY SHOP 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