Home with brick exterior material, building for 508 RIDEAU St, Ottawa Ontario K1N 5Z6
Re-listed 89 days ago

508 RIDEAU St, Ottawa, Ontario K1N 5Z6

Other
-
-
~1700 sqft
$1,795,000
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$17,950Cashback
Other
-
-
~1700 sqft

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Highlights

Property Estimate

Days on market89 days

Total days on market
343 days

Estimated valueNot available

Price/Sqft$1,055/sqft

Monthly cost

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CMA Subject Property

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+12

Properties sold*

$388K

Median sold price*

*Based on last 30 days

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 ®NumberX12065792
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

Apr 7, 2025
Listed for
$1,795,000
Login required
Re-listed
$•••,•••
89 days on market
history photo preview13
Listing by trreb®

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

40 days

Compared to

2024

27 days

2023

30 days

2022

14 days

New Listings

Past 30 days

43 listings

Compared to

2024

33 listings

2023

25 listings

2022

42 listings

Units sold

Past 30 days

12 units

Compared to

2024

12 units

2023

18 units

2022

10 units

Median Sold Price

Past 30 days

$392,500

Compared to

2024

$388,200

2023

$457,944

2022

$397,500


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