Home with brick exterior material, building for 508 RIDEAU St, Ottawa Ontario K1N 5Z6
Re-listed 97 days ago

508 RIDEAU St, Ottawa, Ontario K1N 5Z6

Other
-
-
~1700 sqft
$1,795,000
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Other
-
-
~1700 sqft

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Highlights

Property Estimate

Days on market97 days

Total days on market
548 days

Estimated valueNot available

Price/Sqft$1,055/sqft

Monthly cost

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Description

Mixed commercial/residential freehold property on bustling Rideau Street, near University of Ottawa and various condo developments. The main floor is currently setup as a Chinese restaurant with a fully equipped kitchen and spare natural gas lines for additional gas equipments, complete with a customer seating area and bathroom. The full basement is ideal for storage and includes a 2-piece bathroom and utility rooms. Upstairs is the residential portion where you'll find 3 bedrooms, including one with an ensuite bathroom. Private driveway with up to 4 parking spots at the rear. Come check out this fantastic opportunity for investment or development!


Property Details

StyleMulti-Use
View-
Age of property-
SqFt~1700 SqFt
Lot Size3,198 SqFt(99 x 32.31)
Parking Spaces4
MLS ®NumberX12473897
Community NameLowertown
Data SourceTRREB
Listing byRIGHT AT HOME REALTY

Features

Heating: Gas Hot Water
Cooling: N
Basement: Y

Features

Lot size: 3,198 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

Oct 21, 2025
Listed for
$1,795,000
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Re-listed
$•••,•••
97 days on market
history photo preview13
Listing by trreb®
Property listed by RIGHT AT HOME REALTY, Brokerage
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Market Data - Lowertown

Geo Zone Map ThumbnailLowertown

Strong Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

161 days

Compared to

2025

49 days

2024

32 days

2023

0 day

New Listings

Past 30 days

12 listings

Compared to

2025

9 listings

2024

5 listings

2023

3 listings

Units sold

Past 30 days

4 units

Compared to

2025

5 units

2024

2 units

2023

0 unit

Median Sold Price

Past 30 days

$443,625

Compared to

2025

$322,500

2024

$320,250


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