Lower Town - Sandy Hill, ON · · MLS® X14097764Updated
$535,000Est. $2,628/mo mortgage
Bedrooms
2
Bathrooms
2
Living space
1200–1399sq ft
Parking spaces
1
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 $535,000. It has 1200-1399 sq ft of living space.
1Enjoy the common/party room, home-theatre room, co-working office, deck with BBQs, the gym, pool and sauna.
2A 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.
3Convenient hose bib in you private parking space.
Just shy of 1300 square feet and featuring rounded windows overlooking the world this is a rarely available corner unit! You've been thinking about downsizing to downtown but could never find the right amount of space? Look no more. 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. A second parking spot could be available for purchase. Status Certificate on file.
2 bedrooms, 2 bathrooms, about 1,200 sq ft, works out to roughly $446 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
1 spaceYes garage
Basement
Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
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.
For saleListedThis listingMLS® X14097764$535,000
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.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,628
/mo
based on the purchase price of $535,000
$107,000 cash
$428,000 financed
$360,488 total interest
Principal54%$428,000
Interest46%$360,488
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.
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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.
Similar homes for sale nearby in Lower Town - Sandy Hill
Other 1–3 bed homes for sale in Lower Town - Sandy Hill around $535K.
Average days on market48Homes sold in about 48 days on average.
Sale-to-list ratio96.8%On average, homes sold below asking.
Active listings215Homes for sale here right now.
Median vs prior 90 days+33.6%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 62 sales from Jul 24 – Oct 22, 2026 (88 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
242 Rideau St #201 is listed at $535,000 (MLS® X14097764). Summitly updates the price as soon as the MLS® record changes.
Is $535,000 a good price for 242 Rideau St #201?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Lower Town - Sandy Hill. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 242 Rideau St #201 changed?
No — 242 Rideau St #201 is still listed at its original asking price of $535,000.
How many bedrooms and bathrooms does 242 Rideau St #201 have?
242 Rideau St #201 has 2 bedrooms and 2 bathrooms, with about 1,200–1,399 square feet of living space. It is a condo in Lower Town - Sandy Hill.
Is 242 Rideau St #201 close to transit?
The nearest rapid-transit station is Rideau Station (O-Train Line 1), about 380 m (about a 5-minute walk) in a straight line. UOttawa Station is about 890 m (about a 11-minute walk), and Parliament Station is about 1.2 km (about a 15-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 242 Rideau St #201?
About $2,628 a month — principal and interest on $535,000 with 20% down ($107,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 242 Rideau St #201 compare with other homes in Lower Town - Sandy Hill?
Its asking price of $535,000 is about 6% below the median sold price in Lower Town - Sandy Hill over the last 90 days, $569,750, across 62 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 242 Rideau St #201 been sold before?
Summitly has no earlier MLS® sale or lease of 242 Rideau St #201 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 242 Rideau St #201?
242 Rideau St #201 is in Lower Town - Sandy Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 242 Rideau St #201 been on the market?
4 days — 242 Rideau St #201 was listed on October 18, 2026.
What is the price per square foot of 242 Rideau St #201?
About $382 to $446 per square foot: the asking price of $535,000 over the 1,200–1,399 sq ft the listing gives as its size range.
Does 242 Rideau St #201 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
