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Unit 502 at The East Market

For Sale

179 George Street 502, Lower Town - Sandy Hill, ON K1N 1J8

MLS #X12753530

$364,000

Listed Price

About This Property

WELCOME TO THIS IMMACULATE 1-BEDROOM CONDO IN THE SOUGHT-AFTER EAST MARKET DEVELOPMENT at 179 GEORGE STREET, LOCATED IN THE HEART OF LOWER TOWN & THE BYWARD MARKET; PERFECT FOR INVESTORS & FIRST TIME BUYERS. This modern suite features an open-concept layout, hardwood flooring, and full-height windows that flood the space with natural light. The kitchen, featuring a 2022 Stainless Steel Refrigerator, dining, and living area flow seamlessly, creating a functional layout ideal for everyday living and entertaining. Right off the living room step outside to a large balcony, perfect for morning coffee or evening city views. The spacious primary bedroom offers convenient in-suite laundry and a 4-piece ensuite bathroom. This unit also includes one underground parking space and a storage locker. Currently tenanted at $1,790/month (on month to month), plus $200/month for parking (separate tenant); Great market rent for investors! Tenants are happy to stay, offering excellent investment potential, or vacant possession can be provided. Steps to transit, Parliament, Rideau Centre, University of Ottawa, grocery stores, cafés, restaurants, and everything the ByWard Market has to offer. 24-hour irrevocable on all offers. *Note: Some photos are from unit before occupancy and some during occupancy.*

Investment Analysis

Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($512/mo) and property tax ($2,867/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$485/sqft
4001 - Lower Town/Byward Market
$319/sqft+52.2%
Lower Town - Sandy Hill
$480/sqft

Fair Market Price

Analysis based on 0 sales and 0 leases in this building. Unit size estimated at 750 sqft.

Property Details

Bedrooms

1

Bathrooms

1

Square Feet

700-799 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeUnderground
LockerNo
Heating TypeForced Air
StyleApartment
Ensuite LaundryYes
Corp #TSCC-735
MLS Size700-799
Listed OnFeb 2, 2026
Maintenance Fees$512/month
Property Tax$2,867/year

Rooms

NameSize (m)Size (ft)Features
Kitchen(Main)3.65 x 2.5412.0 x 8.3-
Kitchen(Main)3.65 x 2.5412.0 x 8.3-
Kitchen(Main)3.65 x 2.5412.0 x 8.3-
Living Room(Main)3.65 x 3.712.0 x 12.1-
Living Room(Main)3.65 x 3.712.0 x 12.1-
Living Room(Main)3.65 x 3.712.0 x 12.1-
Primary Bedroom(Main)2.64 x 2.488.7 x 8.1-
Primary Bedroom(Main)2.64 x 2.488.7 x 8.1-
Primary Bedroom(Main)2.64 x 2.488.7 x 8.1-
Bathroom(Main)2.48 x 1.678.1 x 5.5-
Bathroom(Main)2.48 x 1.678.1 x 5.5-
Bathroom(Main)2.48 x 1.678.1 x 5.5-
OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NameThe East Market
Address179 George Street, Lower Town - Sandy Hill
Parking TypeUnderground

Interested in This Unit?

Contact OVAIS QASSIM

About Unit 502 at The East Market

Unit 502 is a residential condo & other with 1 bedroom, 1 bathroom spanning approximately 700-799 square feet located at The East Market, 179 George Street, Lower Town - Sandy Hill. This unit is currently for sale at $364K.

About The East Market

The East Market is located at 179 George Street, Lower Town - Sandy Hill. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.

4001 - Lower Town/Byward Market Neighbourhood

This unit is located in 4001 - Lower Town/Byward Market, part of Lower Town - Sandy Hill in the Ottawa area. Explore more condos for sale and rent in this community.

Whether you're looking to buy, sell, or rent at The East Market, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.

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