4 hours on Market

242 Rideau St #2505, Ottawa, Ontario K1N 0B7

In the same building:
-
Condo
1
1
~600-699 sqft
$374,900
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Condo
1
1
~600-699 sqft

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Highlights

Property Estimate

Days on market4 hours

Estimated valueNot available

Price/Sqft$580/sqft

Monthly cost

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CMA Subject Property

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+12

Properties sold*

$401K

Median sold price*

*Based on last 30 days

Description

Experience refined urban living in one of downtown Ottawa's most desirable addresses. Situated high above the city streets, this bright and contemporary 1 bedroom condo offers a serene escape with sweeping skyline views. The thoughtfully designed open-concept layout is bathed in natural light, thanks to expansive floor-to-ceiling windows that bring the city into view while maintaining a sense of calm and quiet. The modern kitchen features stainless steel appliances, Subway tile backsplash, an island with seating, and ample storage, seamlessly flowing into a flexible living and dining space, perfect for cozy nights in or hosting friends. The spacious bedroom provides a comfortable retreat, complemented by a sleek, 3-piece bathroom. In-unit laundry adds everyday ease, while the private balcony becomes your go-to spot for morning coffee or evening sunsets. This unit also comes with underground parking and a storage locker, ticking all the boxes for convenience. As a resident, you'll enjoy access to top-tier amenities including an indoor pool, a fully equipped gym, a conference room, and a chic lounge area ideal for remote work or casual gatherings. Steps from the University of Ottawa, Rideau Centre, ByWard Market, and major transit routes, this location blends quiet comfort with unbeatable accessibility. If you've been waiting for the perfect mix of style, functionality, and downtown vibrancy. welcome home!


Property Details

Style1 Storey/Apt
View-
Age of property-
SqFt~600-699 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX12352266
Community NameLowertown
Data SourceTRREB
Listing byEXP REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Kitchen

3.21 x 3.48

Living

3.2 x 5.23

W/O To Balcony

Primary

2.81 x 3.41

W/O To Balcony

Bathroom

2.82 x 1.7

Combined W/Laundry


Features

Patio: Encl
Balcony: Encl

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


25Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Aug 19, 2025
ListedActive
$374,900
4 hours on market
history photo preview44
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

58 days

Compared to

2024

30 days

2023

35 days

2022

35 days

New Listings

Past 30 days

19 listings

Compared to

2024

28 listings

2023

20 listings

2022

16 listings

Units sold

Past 30 days

9 units

Compared to

2024

12 units

2023

7 units

2022

6 units

Median Sold Price

Past 30 days

$425,000

Compared to

2024

$401,250

2023

$390,000

2022

$348,000


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