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1601 - 242 Rideau Street

1601 - 242 Rideau Street

Lower Town - Sandy Hill, ON

  • 2 bed
  • 2 bath
  • approx. 1200-1399 sqft
  • Condo Apartment
$3,000/moFor Lease

Experience downtown Ottawa from this impressive 2-bedroom, 2-bathroom corner condo in a prestigious Claridge building. Offering approximately 1,280 sq. ft. of bright, open-concept living space, this spacious residence combines comfort, style, and exceptional convenience. Floor-to-ceiling windows fill the unit with natural light and showcase beautiful city views. The interior features gleaming hardwood floors, granite countertops, a fully equipped kitchen, and a private balcony, the perfect place to relax and enjoy the downtown skyline. Located just steps from the CF Rideau Shopping Center, the ByWard Market, the Parliament Hill, the University of Ottawa, the Rideau Canal, restaurants, cafés, public transit, and everyday essentials, this address puts the best of Ottawa right outside your door. Residents enjoy access to excellent building amenities, including an indoor swimming pool, fitness centre, recreation and party room, bicycle racks, outdoor BBQ, and more. One underground parking space and a storage locker are also included. Rent includes heat, water, air conditioning, underground parking, storage locker, and access to the building's amenities. The tenant pays only hydro and internet. Available for immediate occupancy. Please note that pets are not permitted. At 242 Rideau Street, downtown Ottawa is more than a location-it's a lifestyle where culture, dining, entertainment, and convenience come together.

Listing Details

Listed
September 13, 2026

Price History

Listing history

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Property

Style
Apartment
Age
11-15
Construction
Concrete
Interior
Carpet Free, Auto Garage Door Remote, Intercom, Storage Area Lockers

Parking

Garage
Underground
Covered Spaces
1
Total Parking
1

Utilities

Heat Source
Gas

Location & Legal

Cross Street
Rideau & Cumberland
Parcel Number
159620260
Possession
Immediate
Occupancy
Vacant

Condo

Pets
No
Locker
Exclusive
Balcony
Open
Amenities
Concierge, Elevator, Gym, Indoor Pool, Recreation Room, Visitor Parking

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.

Rooms

2 × 3-piece on Flat

Flat

  • Bedroom12'2" x 10'3"
  • Bedroom 211'6" x 10'3"
  • Dining Room7'6" x 6'1"
  • Foyer8'2" x 3'3"
  • Kitchen7'6" x 7'2"
  • Laundry9'10" x 3'11"
  • Living Room25'4" x 16'

Listed by

RIGHT AT HOME REALTY

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