501 - 242 Rideau Street, Lower Town - Sandy Hill, ON K1N 0B7
4003 - Sandy Hill, Lower Town - Sandy Hill · Near Rideau St & Cumberland St · View map
About this home
Enjoy an unbeatable downtown location with stunning views of Parliament Hill!!! A spacious and well-designed 2-Bedroom plus DEN, 2 Bathrooms condo offering approximately 1,280 sq. ft. of living space. 1 Parking and 1 Locker are included, with an ADDITIONAL PARKING space available for purchase. Featuring impressive oversized curved windows, a functional layout with generously sized bedrooms, and a versatile den ideal for a home office or additional living space, this suite offers plenty of room and flexibility for comfortable urban living.The desirable north-west exposure offers stunning sunset views, allowing you to enjoy the warm evening glow over the city. Steps to the University of Ottawa, Rideau Centre, Shopping, Restaurants, LRT, Public Transit and all the conveniences of downtown living. Experience the best of downtown living with spacious interiors and breathtaking views of Parliament Hill!
The home
- Type
- Condo apartment
- Style
- Apartment
- Square footage
- 1200-1399 sq ft
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 9
- Basement
- None
- Faces
- North West
- Level
- 5
- Balcony
- Terrace
- View
- Downtown, City
- Laundry
- Ensuite
Ownership & fees
- Ownership
- Condominium
- Maintenance fee
- $1,148.00/mo
- Fee includes
- Heat, Water, Common Elements, Building Insurance, Parking, Condo Taxes
- Complex
- OCSCC 962
- Property management
- CMG
- Pets
- Allowed, with restrictions
- Locker
- Exclusive
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Heat Pump
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Underground
- Garage spaces
- 1
- Total parking
- 1
- Parking features
- Underground
Taxes & other
- Property taxes
- $7,295/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Immediate
- Cross street
- Rideau St & Cumberland St
- Neighbourhood
- 4003 - Sandy Hill
More
- Price per sq ft
- ~$423 (at 1,300 sq ft)
- MLS® number
- X14177012
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The home and its surroundings
- Carpet Free
Included in the maintenance fee
- Heat
- Water
- Common Elements
- Building Insurance
- Parking
- Condo Taxes
Shared in the complex
- Bike Storage
- Concierge
- Gym
- Indoor Pool
- Party Room/Meeting Room
- Sauna
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
242 Rideau Street, Lower Town - Sandy Hill, ON K1N 0B7
4003 - Sandy Hill, Lower Town - Sandy Hill · Near Rideau St & Cumberland St
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Listing history for 242 Rideau Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 501 - 242 Rideau Street
Answers come straight from this home’s MLS® listing.
How much is 501 - 242 Rideau Street listed for, and what would it cost each month?
501 - 242 Rideau Street is listed for $549,900. With 20% down ($109,980), the mortgage payment would be roughly $2,218 a month at 4.5% over 30 years. Add property tax and the maintenance fee and the estimate comes to about $3,974 a month, all in. That figure is an illustration, not a quote.
Is 501 - 242 Rideau Street freehold or a condo, and is there a monthly fee?
501 - 242 Rideau Street is a condo apartment in 4003 - Sandy Hill, Lower Town - Sandy Hill. Ownership is condominium: you own the unit and a condo corporation looks after the common elements. The maintenance fee is $1,148.00 a month. The listing says it covers heat, water, common elements, building insurance, parking, condo taxes. Fees can change, so confirm the current amount in the status certificate.
How many bedrooms and bathrooms does 501 - 242 Rideau Street have?
501 - 242 Rideau Street has 2 bedrooms and 2 bathrooms.
Does 501 - 242 Rideau Street have a garage and parking?
Yes. The listing shows the garage as underground, with room for 1 car. In total the listing counts 1 parking space.
Does 501 - 242 Rideau Street have a finished basement?
No. The listing shows no basement for this home.
What style of home is 501 - 242 Rideau Street?
501 - 242 Rideau Street is a condo apartment. A condo is a unit you own in a building or complex, with the common areas shared and paid for through a monthly fee.
How big is 501 - 242 Rideau Street?
The listing puts the home between 1,200 and 1,399 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 501 - 242 Rideau Street heated and cooled?
Heating is heat pump (gas). Cooling is central air.
What are the property taxes for 501 - 242 Rideau Street?
Property taxes are $7,295 a year (2026), or about $608 a month.
Are pets allowed at 501 - 242 Rideau Street?
Pets are allowed, with restrictions. A condo corporation can limit the size, number or type of pet, so check the condo corporation’s rules before you offer.
Where is 501 - 242 Rideau Street?
501 - 242 Rideau Street is in the 4003 - Sandy Hill community of Lower Town - Sandy Hill. The nearest main intersection is Rideau St & Cumberland St. The postal code is K1N 0B7.
Is 501 - 242 Rideau Street still for sale?
Yes. It is an active listing (MLS® X14177012). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 501 - 242 Rideau Street asking?
Similar properties for sale nearby right now include 201 - 242 Rideau Street at $535,000 (2 bed), 201 - 242 Rideau Street at $575,000 (2 bed) and 204 - 242 Rideau Street at $300,000 (1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 242 Rideau Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 501 - 242 Rideau Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4003 - Sandy Hill, picked by style, size and price.
Condo apartment$535,000201 - 242 Rideau Street, Lower Town - Sandy Hill2 bed · 2 bath · 4003 - Sandy HillCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →
Condo apartment$575,000201 - 242 Rideau Street, Lower Town - Sandy Hill2 bed · 2 bath · 4003 - Sandy HillCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →
Condo apartment$300,000204 - 242 Rideau Street, Lower Town - Sandy Hill1 bed · 1 bath · 4003 - Sandy HillCourtesy of: ROYAL LEPAGE PERFORMANCE REALTYView home →Courtesy of: HOME RUN REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax and the maintenance fee. For illustration only.