204 - 242 Rideau Street, Ottawa

EXCEPTIONAL VALUE! PRICED TO SELL! AN INCREDIBLE OPPORTUNITY TO OWN IN THE HEART OF DOWNTOWN OTTAWA FOR JUST $300,000! Whether you're a first-time buyer, investor, professional, or parent looking for a home for your university student, this well-located 1-bedroom condominium offers outstanding value at its newly reduced price! UNDERGROUND PARKING AND STORAGE LOCKER INCLUDED! Enjoy a bright, carpet-free interior featuring hardwood and tile flooring, an open-concept living and dining area, and expansive floor-to-ceiling windows that fill the space with natural light. The functional kitchen features granite countertops, subway tile backsplash, stainless steel fridge and stove, and an extended breakfast bar. A versatile nook provides the perfect space for a home office or study area. Step outside onto your oversized private balcony, ideal for relaxing or entertaining. The generously sized bedroom offers comfort and functionality, while the contemporary 3-piece bathroom features an oversized walk-in shower. Convenient IN-SUITE LAUNDRY! Residents enjoy fantastic building amenities, including an indoor swimming pool, fully equipped fitness centre, and party room with a full kitchen. LOCATION, LOCATION, LOCATION! Just steps from the University of Ottawa, Parliament Hill, Rideau Centre, restaurants, shopping, and public transit. Condo fees include heat, water/sewer, building insurance, recreation facilities, property management and common area maintenance. OUTSTANDING DOWNTOWN VALUE WITH PARKING AND STORAGE INCLUDED! DON'T MISS THIS OPPORTUNITY! (id:1945)

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Property details for 204 - 242 Rideau Street, Ottawa

Type: Apartment
Bedrooms: 1
Bathrooms: 1
Basement: None
Parking: Garage, Underground, Inside Entry
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Concrete
Ownership: Condo/Strata
Annual Taxes: $3,946
Condo Fee: $630 / Monthly

Nearby Listings Stat
Estimated price and comparable properties near 204 - 242 Rideau Street

Active Listings

116

Min Price

$226,000

Max Price

$714,900

Avg Price

$381,013

Days on Market

days

Sold Listings

Min Sold Price

$205,000

Max Sold Price

$990,000

Avg Sold Price

$366,188

Days until Sold

days

Neighbourhood Census Data

Ottawa, Ontario

Population

1,206

Median Age

29.7

Median Income

$37,525

Dwelling Value

$349,919

Housing Tenure

Owners 31%

Renters 68%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.5

Pop. Density: 12,536.4/km²

Avg Shelter Cost: $1,593/mo

Owners with Mortgage: 72%

Owners Spending 30%+: 36%

Tenants Spending 30%+: 50%

English only: 55.6%

French only: 0.8%

English and French: 41.9%

Neither: 2.5%

Median Household Income: $57,088

Median Employment Income: $36,896

Price History

Listed

August 5, 2026

by ROYAL LEPAGE PERFORMANCE REALTY

Current Price

$300,000

-4.7% from last change

Type

Apartment

For Sale

Price Changes

Date	Price	Change
Current	$300,000	$14,900 (-4.7%)
Oct 13, 2026	$314,900	$10,000 (-3.1%)
Sep 29, 2026	$324,900	$5,000 (-1.5%)
Aug 5, 2026	$329,900	$10,000 (-2.9%)
Jun 15, 2026	$339,900	$5,000 (-1.4%)
Apr 21, 2026	$344,900	Listed