Condo for sale at 502-242 Rideau Street, Ottawa, Ontario, K1N 0B7 - Sandy Hill - MLS: X12674158

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502-242 Rideau Street

Ottawa, Ontario, K1N 0B7 - Sandy Hill

$435,000

Neighbourhood

Sandy Hill
Major Intersection

Rideau and Cumberland

Listed Since: 6 day(s)
Last update: today

Overview

Property Type

Condo Apt, Apartment
Bedrooms

2
Bathrooms

2
Square Feet

900-999
Exposure

North
Total Parking

1 Underground Garage
Maintenance

$860
Taxes

$3,252.00 (2025)
Balcony

Open

Property Description

Property description for 502-242 Rideau Street, Ottawa

Discover refined downtown living in this beautifully 2-bedroom + den condo, ideally situated in one of Ottawa's most dynamic neighbourhoods. Recently painted and truly move-in ready, this well-designed residence showcases hardwood flooring throughout and a kitchen complete with granite countertops, stainless steel appliances, and contemporary cabinetry-perfect for both daily living and hosting guests. The generous primary bedroom features a walk-in closet and an ensuite bathroom, while the flexible den offers an ideal space for a home office, study, or quiet retreat. Floor-to-ceiling windows flood the unit with natural light, and the private balcony provides stunning city views-your own urban escape. Residents enjoy access to outstanding building amenities, including 24/7 security, an indoor pool, a fully equipped fitness centre, a party room, and an expansive 3,000+ sq. ft. rooftop terrace. This unit also includes underground parking and a storage locker for added convenience. Located just steps from grocery stores, the University of Ottawa, the NAC, Parliament Hill, LRT access, and a wide selection of shops and restaurants, this home delivers the perfect balance of comfort, style, and unbeatable location. A fantastic opportunity to own a modern condo in the heart of the city-schedule your private showing today.

Listed by SOLID ROCK REALTY

Property details

MLS #

X12674158
Sq. Ft

900-999
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Water
Property Management

Ontario Licensed Condo Manager
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

N

MLS #

X12674158
Sq. Ft

900-999
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Water
Property Management

Ontario Licensed Condo Manager
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

N

Kitchen

2.51 x 3.04 ft Main level
Dining

3.35 x 2.46 ft Main level
Living

3.35 x 2.74 ft Main level
Primary

3.04 x 3.4 ft Main level
2nd Br

2.97 x 3.35 ft Main level
Den

2.94 x 1.6 ft Main level

Contact Manoj Kukreja

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

Property History

Property history for 502-242 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

December 2025

$494,313

Last 3 Months

$439,365

Last 12 Months

$437,538

December 2024

$398,500

Last 3 Months LY

$407,472

Last 12 Months LY

$425,481

Change

24%

Change

Number of Condo Apt Sold

December 2025

Last 3 Months

Last 12 Months

December 2024

Last 3 Months LY

Last 12 Months LY

Change

33%

Change

-25%

Change

17%

How many days Condo Apt takes to sell (DOM)

December 2025

151

Last 3 Months

Last 12 Months

December 2024

Last 3 Months LY

Last 12 Months LY

Change

202%

Change

14%

Change

26%

Average Selling price

Inventory Graph

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First time home buyer

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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.