Value
Photos
Map
$369,000
ESTIMATED
1
BEDROOMS
1
BATHROOMS
X11984848
MLSID

242 Rideau Street 1406, Lower Town - Sandy Hill

Modern 1-Bedroom Condo in the Heart of ByWard Market Prime Downtown Location! Built in 2014 by renowned builder Claridge, this well-maintained 675 sq. ft. condo offers modern living in one of Ottawas most vibrant neighbourhoods. Located in the heart of ByWard Market and downtown Ottawa, everything you need is just steps away - festivals, the Rideau Canal, shops, restaurants, grocery stores, and the Rideau Centre. Its across from the new Metro store and minutes from Parliament Hill, Majors Hill Park, the University of Ottawa, and more. This condo presents an excellent investment opportunity, with strong demand from professionals and university students, ensuring high rental potential and positive cash flow. Commuting is easy with the LRT just steps away and a bus stop at your door. The unit features a smart, square layout that maximizes space. Large south-facing windows in both the living room and bedroom flood the unit with natural light. Enjoy stylish new luxury laminate flooring in the living area, durable ceramic flooring in the foyer, kitchen, and closet, granite countertops, stainless steel appliances, and ample storage. In-unit laundry and additional storage inside the unit and in a dedicated locker are included. **One underground parking space** is also provided. Step out onto the spacious balcony, perfect for relaxing in the warmer months. Residents enjoy a 7,250 sq. ft. recreation area with an indoor pool, saunas, gym, party room, landscaped outdoor terraces, and BBQs. The building offers 24-hour security, concierge service, and surveillance for added peace of mind. A $129 million revitalization plan is underway for ByWard Market, enhancing the area with a greener, more pedestrian-friendly environment. This initiative will further increase the appeal of living at 242 Rideau, making it an even more desirable place to call home. Don't miss this fantastic opportunity to own in one of Ottawas most central locations. Contact us today for your private tour!
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Sold History

SOLD
27 April 2025
$363,000

Summary

Address
242 Rideau Street 1406
MLSID
X11984848
Property Type
Condo Apartment
Property Category
Bedrooms
1
Bathrooms
1
Kitchens
1
Taxes (Annual)
$3,929.00
Tax Year
2024
Published
February 24, 2025
Days on Market
167 Days
Possession Type
Immediate
Possession Details
Tbd
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Inclusions

Stove, Over the range microwave hood combination, Dishwasher, Refrigerator, Washer and Dryer

Details

Security Features
Concierge/Security
Parking Total
1
Architectural Style
Apartment
Locker
Owned
Construction Materials
Concrete
Balcony Type
Open
Exposure
South West
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Vacant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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