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807 - 242 Rideau Street, Ottawa, ON — photo 1
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$299,999

Active
807 - 242 Rideau Street, Ottawa, ON· Sandy Hill
1
Bedrooms
1
Bathrooms
600-699
Sq Ft
$429–$500
Per Sq Ft
11-15
Year Built

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About this Property

* VACANT POSSESSION AVAILABLE SEPT 8th* Experience modern downtown living in this open-concept 1-bedroom condo, ideal for professionals, or a great opportunity for investors alike. This spacious suite features hardwood floors, ceramic tile, and granite countertops, along with a generous bedroom complete with an oversized walk-in closet for ample storage. Expansive windows fill the unit with natural light, while a private balcony offers the perfect outdoor retreat for morning coffee or sunsets. The designer kitchen is equipped with stainless steel appliances, and the convenience of in-suite laundry adds to the ease of everyday living. Freshly painted in 2025, the condo showcases a neutral colour palette and includes a private storage locker. Residents enjoy access to premium amenities, including a heated saltwater pool, fully equipped gym, outdoor terrace, theatre room, business center, party lounge, and 24/7 concierge security. Ideally situated within walking distance to Ottawa U, Rideau Centre, the Canal, Parliament, and a variety of trendy restaurants. Heating and water are included, with hydro extra at approximately $50/month. Tenants are month-to-month. 24 hours' notice for viewings. 24 hours irrevocable on all offers. Some photos are digitally enhanced.

Listed by BENNETT PROPERTY SHOP REALTY · MLS# X13086876

About Sandy Hill

University Urban · Avg $550K

Sandy Hill is a historic urban neighbourhood located directly east of Ottawa's downtown core, bounded by the Rideau River to the east, Rideau Street to the north, and the University of Ottawa campus to the south and west. This duality — heritage residential streets alongside a major university — gives Sandy Hill a unique energy that combines the architectural grandeur of embassy row with the youthful vitality of a university quarter.

Avg Home Price$550K
Walk Score91
Embassies10+
Walk to Downtown10 min
View Full Sandy Hill Guide

Features & Details

Property details of 807 - 242 Rideau Street, Ottawa, ON

Property TypeCondo Apartment
Style1 Storey/Apt
Size600-699 sq ft

Mortgage Calculator

$
%
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Mortgage Payment$1,474/monthly
Principal54%
Interest46%
Principal Amount$239,999
Interest$202,142
Total Payable$442,142
Amortization25 years

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

Cash Flow Analysis

Mortgage payment$1,474
Mortgage + Expenses$1,474
$
$
$
$
$
Monthly Cash Flow-$1,474

* 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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