204 - 242 Rideau Street
Lower Town - Sandy Hill, ON
- 1 bed
- 1 bath
- approx. 600-699 sqft
- Condo Apartment
EXCEPTIONAL VALUE! PRICED TO SELL! AN INCREDIBLE OPPORTUNITY TO OWN IN THE HEART OF DOWNTOWN OTTAWA FOR JUST $300,000! Whether you're a first-time buyer, investor, professional, or parent looking for a home for your university student, this well-located 1-BEDROOM PLUS DEN condominium offers outstanding value at its newly reduced price! UNDERGROUND PARKING AND STORAGE LOCKER INCLUDED! Enjoy a bright, carpet-free interior featuring hardwood and tile flooring, an open-concept living and dining area, and expansive floor-to-ceiling windows that fill the space with natural light. The functional kitchen features granite countertops, subway tile backsplash, stainless steel fridge and stove, and an extended breakfast bar. A versatile nook provides the perfect space for a home office or study area. Step outside onto your oversized private balcony, ideal for relaxing or entertaining. The generously sized bedroom offers comfort and functionality, while the contemporary 3-piece bathroom features an oversized walk-in shower. Convenient IN-SUITE LAUNDRY! Residents enjoy fantastic building amenities, including an indoor swimming pool, fully equipped fitness centre, and party room with a full kitchen. LOCATION, LOCATION, LOCATION! Just steps from the University of Ottawa, Parliament Hill, Rideau Centre, restaurants, shopping, and public transit. CONDO FEES INCLUDE; Heat, Water/sewer, building insurance, recreation facilities, property management and common area maintenance. OUTSTANDING DOWNTOWN VALUE WITH PARKING AND STORAGE INCLUDED! DON'T MISS THIS OPPORTUNITY!
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $3,946
- Originally Listed
- $324,900
- Listed
- August 5, 2026
Price History
Property
- Style
- Apartment
- Construction
- Concrete
- Interior
- Storage Area Lockers
Parking
- Garage
- Underground
- Covered Spaces
- 1
- Total Parking
- 1
Utilities
- Heat Source
- Gas
Location & Legal
- Cross Street
- Rideau St
- Parcel Number
- 159620005
- Possession
- Flexible
- Occupancy
- Vacant
Condo
- Maintenance Fee
- $630/month
- Fee Includes
- Heat Included, Water Included, Common Elements Included, Building Insurance Included
- Pets
- Yes-with Restrictions
- Locker
- Owned
- Balcony
- Open
- Amenities
- Concierge, Elevator, Exercise Room, Indoor Pool, Party Room/Meeting Room
Included
- Inclusions
- Fridge, Stove, Microwave/Hood-fan, Dishwasher, Washer, Dryer
Schools
Elementary
- École élémentaire publique Francojeunesse0.6 km
French public · CÉP de l'Est de l'Ontario · 550 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 80% met the provincial standard
- York Street Public School0.6 km
Public · Ottawa-Carleton DSB · 275 students
Grade 3 reading: 29% met the provincial standard · Grade 6 math: 20% met the provincial standard
- École élémentaire catholique Sainte-Anne0.7 km
French Catholic · CSDC du Centre-Est de l'Ontario · 305 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 81% met the provincial standard
Secondary
- Lisgar Collegiate Institute0.8 km
Public · Ottawa-Carleton DSB · 960 students
Grade 10 literacy: 91% met the provincial standard
- École secondaire publique De La Salle0.8 km
French public · CÉP de l'Est de l'Ontario · 950 students
Grade 10 literacy: 93% met the provincial standard
- Urban Aboriginal Alternate High School1.9 km
Public · Ottawa-Carleton DSB
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K1N
- Population
- 26,639
- Private dwellings
- 17,122
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $64,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Condo & Other in Lower Town - Sandy Hill · last 12 months
- Median sold price
- $470,000
- Homes sold
- 211
- Median days on market
- 35
- Sale-to-list price
- 96.9%
Based on 211 recorded sales of residential condo & other properties in Lower Town - Sandy Hill over the last 12 months.
Rooms
3-piece on Main
Main
- Bathroom7' x 9'2"
- Bedroom9'8" x 12'3"
- Den9'7" x 6'6"
- Kitchen11'1" x 10'5"
- Laundry3'4" x 5'8"
- Living Room11'1" x 17'2"
Listed by
ROYAL LEPAGE PERFORMANCE REALTY
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$60,000
Estimated Monthly Payment
$1,474
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,474/mo (20% down, 5.5%)
Taxes: $329/mo · Insurance: $75/mo
Maint: $630/mo
Estimates only. Consult a financial advisor.
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