CondoListed 5 days ago

242 Rideau St #201, Lower Town - Sandy Hill

Name: 242 Rideau Street, Unit 201
SKU: X14096022
Price: 575000 CAD
Availability: InStock

Lower Town - Sandy Hill, ON · · MLS® X14096022Updated October 19, 2026

$575,000Est. $2,825/mo mortgage

Bedrooms: 2
Bathrooms: 2
Living space: 1200–1399sq ft
Parking spaces: 2

Type Condo
Garage Yes
Basement Unfinished

What you should know

242 Rideau St #201 is a 2-bedroom, 2-bathroom condo in Lower Town - Sandy Hill, listed for $575,000. It has 1200-1399 sq ft of living space.

AND, if you are still reluctant to give up your second car, this lovely condo comes with TWO parking spots.
Enjoy the common/party room, home-theatre room, co-working office, deck with BBQs, the gym, pool and sauna.
A second patio is located on the on 4th floor. this lovely condo boasts 2 decent bedrooms, and two full baths, an efficient galley kitchen with window and very spacious living spaces.

Ask Zara:

2 Bed, 2 Bath Condo in Lower Town - Sandy Hill

Unit 201 at 242 Rideau Street

Rarely available corner unit with over 1200 square feet and feature rounded window overlooking the world! You've been thinking about downsizing to downtown but could never find the right amount of space? Look no more. AND, if you are still reluctant to give up your second car, this lovely condo comes with TWO parking spots. Being on the second floor, take the quick flight of stairs to your home, right from the lobby and as well, access the fabulous amenities all located on the third floor 3rd floor on foot so you don't even have to wait for the elevator to go grill your dinner or use the gym! Enjoy the common/party room, home-theatre room, co-working office, deck with BBQs, the gym, pool and sauna. A second patio is located on the on 4th floor. this lovely condo boasts 2 decent bedrooms, and two full baths, an efficient galley kitchen with window and very spacious living spaces. Bright and cheerful. Elegant, well managed condo at Claridge Plaza with concierge at the door. Convenient hose bib in you private parking space. Storage locker located next to the parking stall: so convenient. Status Certificate on file.

2 bedrooms, 2 bathrooms, about 1,200 sq ft, works out to roughly $479 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 242 Rideau St #201

Every detail from the listing, in one place.

Type: Condo
Style: 1 Storey/Apt
Living space: 1200-1399 sq ftas stated on the listing
Parking: 2 spacesYes garage
Basement: Unfinished

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 2

Interior

Basement: Unfinished

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: 1 Storey/Apt
Property class: Condo Apartment

242 Rideau St #201 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 18, 2026For saleListedThis listingMLS® X14096022$575,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 242 Rideau St #201 Compares to the Lower Town - Sandy Hill Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Good Deal· based on 148 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Lower Town - Sandy Hill market, last 90 days

Median sold price: $569,750
Average sold price: $631,894
Average days on market: 48
Homes sold: 62

Closed sales on the TRREB MLS®.

Recently sold nearby in Lower Town - Sandy Hill

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 201 — 242 Rideau Street 2 bd · 2 ba · 1,200 sqft	$575,000asking	$479	—	—
195 Besserer Street 2 bd · 2 ba · 1,200 sqft
160 George Street 2 bd · 2 ba · 2,000 sqft
405 Laurier Avenue 2 bd · 2 ba · 1,000 sqft
383 Cumberland Street 1 bd · 1 ba · 500 sqft
260 Besserer Street 2 bd · 2 ba · 1,000 sqft
200 Besserer Street 1 bd · 1 ba · 600 sqft

195 Besserer Street
2 bd · 2 ba · 1,200 sqft
160 George Street
2 bd · 2 ba · 2,000 sqft
405 Laurier Avenue
2 bd · 2 ba · 1,000 sqft
383 Cumberland Street
1 bd · 1 ba · 500 sqft
260 Besserer Street
2 bd · 2 ba · 1,000 sqft
200 Besserer Street
1 bd · 1 ba · 600 sqft

Living in Lower Town - Sandy Hill: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

How long is your commute?

From 242 Rideau St #201. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 242 Rideau St #201

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,825; 20% down · 25 years · 5.5% assumed
Property tax: $316; 0.66% mill rate · ON
Total per month: $3,141; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,825

/mo

based on the purchase price of $575,000

Down payment20%

$115,000 cash

Amortization25 yr

$460,000 financed

Rate5.50%

$387,441 total interest

Principal54%$460,000

Interest46%$387,441

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

For homeowners nearby

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Listing brokerage: RE/MAX HALLMARK REALTY GROUP, BrokerageMLS® X14096022 · Listing data last updated October 19, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Oct 17· $479/sq ft

Estimated monthly mortgage$2,825/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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