- Price
- $259,900
- Bathrooms
- 1
- Size
- up to 499 sq ft
- Parking
- Garage · Underground
- Basement
- None
- Type
- Apartment
- Ownership
- Condo · $362/mo condo fees
- Property tax
- $2,719/yr
Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY
About this home
Stylish Urban Living - 242 Rideau St #1208! Discover the best of downtown Ottawa in this stylish, sun-filled studio condo at 242 Rideau St #1208! This bright and inviting unit, built in 2014 by Claridge Homes, boasts hardwood and tile flooring, elegant granite countertops, sleek stainless steel appliances, in-unit laundry, and ample storage space. Enjoy your morning coffee on the South-facing balcony, offering vibrant cityscape views. Additional perks include a separate storage locker and ultra-low condo fees that conveniently cover heat and water. Plus, the unit comes with a new Frigidaire refrigerator (April 2025)! The building has been recently renovated, showcasing modern finishes throughout. Residents enjoy top-notch amenities, including 24/7 security, an indoor pool, sauna, gym, party room, and a spacious outdoor terrace with BBQs. Ideally located just steps from the University of Ottawa, this condo is perfect for students, faculty, and staff. You're also within walking distance of iconic landmarks such as Parliament Hill, ByWard Market, Rideau Canal, Rideau Centre, and the National Gallery of Canada. With a Metro supermarket directly across the street and O-Train Rideau Station just steps away, convenience is built into your everyday routine.An exceptional investment opportunity with high rental demand, this condo is ideal for first-time buyers or savvy investors looking for a truly special space. An unbranded virtual tour is available via the Virtual Tour URL for your convenience! (id:66700)
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Concrete
Location
4003 - Sandy Hill, Ottawa
Estimate your payment
A rough monthly cost for this home — adjust the numbers to fit your situation.
Estimated monthly payment
$1,208
or $604 bi-weekly
- Mortgage amount
- $207,920
- Total interest
- $154,507
Estimate only. Canadian rates compound semi-annually; figures exclude property tax, condo fees, and insurance. Confirm with your lender or mortgage broker.
Planning to rent out this property?
Rental cashflow
Monthly cashflow estimate
Estimate whether a rental property carries itself after the mortgage and common operating expenses.
From this listing's tax bill ($2,719/yr)
Estimated monthly cashflow
$603
$7,235 per year
- Monthly rent
- $2,800
- Estimated monthly payment
- $1,208
- Total expenses
- $2,197
Cashflow is an estimate only and excludes income tax, repairs above reserve, vacancy beyond allowance, legal costs, and closing costs.
Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY
Listing data last updated August 3, 2026.
Information is deemed reliable but not guaranteed and should be independently verified. Listing data is provided for personal, non-commercial use only and may not be redistributed, scraped, or used for any other purpose. Listing data is provided by the Canadian Real Estate Association’s DDF® (REALTOR.ca Data Distribution Facility). The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies the REALTOR.ca Data Distribution Facility (DDF®).