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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
1 Bed, 1 Bath Condo in Lower Town - Sandy Hill
Unit 705 at 242 Rideau Street
Discover this bright and generously sized 1-bedroom corner unit, ideally situated in a prime downtown Ottawa location. Perfectly positioned within walking distance to the University of Ottawa, this unit also offers effortless access to numerous shopping centers, vibrant dining options, and major public transit routes making daily commuting and urban living exceptionally convenient. This well-maintained apartment is fully move-in ready. The corner layout ensures an abundance of natural light and added privacy, enhancing the overall tranquility of the living space. Optional on-site parking is available for an additional$150 per month, providing flexibility for those with vehicles. Whether you're a student seeking proximity to campus or a working professional desiring a peaceful retreat in the city core, this residence offers the perfect blend of comfort, convenience, and location. Don't miss this opportunity to live in one of Ottawas most sought-after downtown neighborhoods. *For Additional Property Details Click The Brochure Icon Below*
1 bedroom, 1 bathroom, about 600 sq ft, 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 #705
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
600-699 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Furnished
Unfurnished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
242 Rideau St #705 Price & Lease History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
See what it sold for, free. Board rules need a free account before we can show sold and past prices.
Sourced from MLS®. Includes earlier listings of this property on record.
The local market
How 242 Rideau St #705 Compares to the Lower Town - Sandy Hill Market
The local market around this rental, and what you need to apply.
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Lower Town - Sandy Hill market, last 90 days
Median sold price
$599,000
Average sold price
$610,998
Average days on market
46
Homes sold
55
Closed sales on the TRREB MLS®.
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.
For homeowners nearby
Own a home on Rideau Street? See what yours is worth
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Book a tour of 242 Rideau St #705 with a licensed agent
A licensed agent can arrange a viewing, answer questions about the lease and help you put your application together.
Zara, any time
Zara · AI virtual agent
Ask about 242 Rideau St #705 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent books the viewing with the listing brokerage, answers questions about the lease and helps with your application.
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 rentals nearby in Lower Town - Sandy Hill
Other 1–2 bed rentals in Lower Town - Sandy Hill around $1,950/mo.
242 Rideau St #705 is listed for rent at $1,950 per month (MLS® X14146660). Summitly updates the rent as soon as the MLS® record changes.
How many bedrooms and bathrooms does 242 Rideau St #705 have?
242 Rideau St #705 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Lower Town - Sandy Hill.
Is 242 Rideau St #705 furnished?
No — the listing says it is unfurnished.
Has 242 Rideau St #705 been sold before?
Yes — Summitly has 2 earlier MLS® listings of 242 Rideau St #705 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 242 Rideau St #705?
242 Rideau St #705 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 #705 been on the market?
242 Rideau St #705 was listed today (November 4, 2026).
Does 242 Rideau St #705 have parking or a garage?
Garage: Yes.
Does 242 Rideau St #705 have a basement, and is it finished?
The listing says 242 Rideau St #705 has no basement.
How do I book a viewing of 242 Rideau St #705 or apply to rent it?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage, then helps you put together your rental application.
What is the property tax for 242 Rideau St #705?
The listing for 242 Rideau St #705 doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Lower Town - Sandy Hill.
When was 242 Rideau St #705 built?
The listing for 242 Rideau St #705 doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
