Lower Town - Sandy Hill, ON K1N 0B7,242 Rideau ST #1406
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Lower Town - Sandy Hill, ON K1N 0B7,242 Rideau ST #1406
Lower Town - Sandy Hill, ON K1N 0B7,242 Rideau ST #1406
Lower Town - Sandy Hill, ON K1N 0B7,242 Rideau ST #1406
Lower Town - Sandy Hill, ON K1N 0B7,242 Rideau ST #1406

$363,000

Est. payment /mo

$369,000

1.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

242 Rideau ST #1406 Lower Town - Sandy Hill, ON K1N 0B7

1 Bed

1 Bath

SOLD DATE : 04/28/2025

Key Details

Sold Price $363,000

Property Type Condo

Sub Type Condo Apartment

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 600-699

Subdivision 4003 - Sandy Hill

MLS Listing ID X11984848

Sold Date 04/28/25

Style Apartment

Bedrooms 1

HOA Fees $642

Annual Tax Amount $3,929

Tax Year 2024

Property Sub-Type Condo Apartment

Property Description

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!

Location

Province ON

County Ottawa

Community 4003 - Sandy Hill

Area Ottawa

Rooms

Family Room Yes

Basement None

Kitchen 1

Interior

Interior Features Storage Area Lockers

Cooling Central Air

Laundry In-Suite Laundry

Exterior

Garage Spaces 1.0

Amenities Available Concierge, Elevator, Exercise Room, Indoor Pool, Sauna

Exposure South West

Total Parking Spaces 1

Balcony Open

Building

Locker Owned

Others

Security Features Concierge/Security

Pets Allowed Restricted

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Listed by HOME RUN REALTY INC.
agent

Arlyn Fortin

Agent

+1(416) 895-9592

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