Condo for sale at 1208-242 Rideau Street, Ottawa, Ontario, K1N 0B7 - Sandy Hill - MLS: X12914814

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1208-242 Rideau Street

Ottawa, Ontario, K1N 0B7 - Sandy Hill

$265,000

Virtual Tour

Neighbourhood

Sandy Hill
Major Intersection

Corner of Rideau St and Cumberland

Listed Since: 1 day(s)
Last update: today

Virtual Tour

Overview

Property Type

Condo Apt, Bachelor/Studio
Bedrooms

n/a
Bathrooms

1
Square Feet

0-499
Exposure

South
Total Parking

n/a
Maintenance

$362
Taxes

$2,719.37 (2025)
Balcony

Open

Property Description

Property description for 1208-242 Rideau Street, Ottawa

Stylish Urban Living - 242 Rideau St #1208Discover 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 24/7security, 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, By Ward 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!

Listed by ROYAL LEPAGE SIGNATURE REALTY

Property details

MLS #

X12914814
Sq. Ft

0-499
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground
Parking Type

None
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

Concierge,Exercise Room,Gym,Indoor Pool,Party/Meeting Room,Rooftop Deck/Garden
Maintenance Fee Includes

Heat, Water
Property Management

OCSCC
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

X12914814
Sq. Ft

0-499
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground
Parking Type

None
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

Concierge,Exercise Room,Gym,Indoor Pool,Party/Meeting Room,Rooftop Deck/Garden
Maintenance Fee Includes

Heat, Water
Property Management

OCSCC
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Foyer

3.09 x 1.04 ft Flat level
Kitchen

2.08 x 1.95 ft Flat level
Living

4.69 x 4.67 ft Main level
Bathroom

2.51 x 1.57 ft Main level
Laundry

0.0 x 0.0 ft Main level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 1208-242 Rideau Street, Ottawa

This property has been sold 2 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Condo Apt in Sandy Hill

Active listings

Average Selling Price of a Condo Apt

February 2026

$321,600

Last 3 Months

$389,652

Last 12 Months

$416,904

February 2025

$437,750

Last 3 Months LY

$440,250

Last 12 Months LY

$438,346

Change

-27%

Change

-11%

Change

-5%

Historical Average Selling Price of a Condo Apt in Sandy Hill

Average Selling Price

3 years ago

$435,200

Average Selling Price

5 years ago

$402,333

Average Selling Price

10 years ago

$363,267

Change

-26%

Change

-20%

Change

-11%

Number of Condo Apt Sold

February 2026

Last 3 Months

Last 12 Months

February 2025

Last 3 Months LY

Last 12 Months LY

Change

-17%

Change

133%

Change

14%

How many days Condo Apt takes to sell (DOM)

February 2026

Last 3 Months

101

Last 12 Months

February 2025

Last 3 Months LY

Last 12 Months LY

Change

63%

Change

206%

Change

43%

Average Selling price

Inventory Graph

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Closing Cost Calculator

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Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.