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404 - 589 Rideau Street, Ottawa, ON — photo 1
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$579,900

Active
404 - 589 Rideau Street, Ottawa, ON· Lower Town
1
Bedrooms
2
Bathrooms
800-899
Sq Ft
$645–$725
Per Sq Ft
1
None Parking

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About this Property

Rare opportunity to own an iconic piece of Ottawa's history! The Wallis House, built in 1873, was converted to loft-style condos in 1996. With soaring ceilings, ample natural light, and exposed brick throughout, unit 404 has been completely updated for modern living while maintaining the authentic charm and character this building is known for. With a bright new kitchen with quartz countertops, a main floor powder room, and ensuite laundry, this thoughtful layout blends an open concept with functional division. With room for both formal dining, a kitchen island with additional seating, and a home office adjacent to a generous living room with a gas fireplace, this condo accommodates any lifestyle. Upstairs, a spacious loft bedroom and newly renovated ensuite blend seamlessly with the classic features and modern comforts. Backing onto Macdonald Gardens Park, the Wallis House offers both downtown living in a prime location simultaneously and your own private escape with abundant greenspace and a rooftop terrace. Walking distance to Strathcona Park, the Ottawa River, bike trails, and the ByWard Market, this condo is a must see! Upgrades: Heat Pump 2024, Kitchen 2023, Bathroom 2026, Electrical Panel 2024, Washer/Dryer 2023, Ceiling fans 2023, Condo recently refinished front steps and added bike storage.

Listed by RE/MAX ABSOLUTE REALTY INC. · MLS# X13641064

About ByWard Market

Downtown Heritage · Avg $500K

The ByWard Market is Ottawa's oldest and most vibrant downtown neighbourhood, a historic district where 19th-century architecture, world-class dining, cultural institutions, and urban condo living converge to create one of Canada's most exciting residential experiences. Founded in 1826 by Lieutenant Colonel John By as a public market, the ByWard Market has evolved over two centuries into a mixed-use destination that draws visitors and residents alike to its cobblestone streets and heritage buildings.

Avg Condo Price$500K
Walk Score98
Restaurants100+
Walk to Parliament5 min
View Full ByWard Market Guide

Features & Details

Property details of 404 - 589 Rideau Street, Ottawa, ON

Property TypeCondo Apartment
StyleApartment
Size800-899 sq ft
Total Parking1

Mortgage Calculator

$
%
$
Mortgage Payment$2,849/monthly
Principal54%
Interest46%
Principal Amount$463,920
Interest$390,742
Total Payable$854,662
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$2,849
Mortgage + Expenses$2,849
$
$
$
$
$
Monthly Cash Flow-$2,849

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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