Claridge Plaza 3 Condos in Lower Town - Sandy Hill

242 Rideau Street, Lower Town - Sandy Hill

Total Units

0

For Sale

1

For Rent

37

Sold

65

Leased

$362K

Avg Price

45

Days (Sale)

37

Days (Lease)

OQ

OVAIS QASSIM

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Property Type:
Condo
Number of Units:
Condo Demand:
High
Unit Availability:
Low
Number of Storeys:
Condo Completion:
Unit Size Range:
0 - 1,399 SQFT
Property Management:
Pro Managed Condos

Market Overview

For-Sale Inventory

Highest Sale (12mo)

$570K

Lowest Sale (12mo)

$290K

Median Maintenance

$634/mo

Year Built

Claridge Plaza 3 Market

Updated Aug 22, 2026
Condos
Median sale price
$330K
Median PSF (est.) 10.8%
$485/sqft
Sold last 90 days
10
Active listings
1
Months of inventory
0.3
Avg days on market
34
Sale-to-list ratio
96.77%
Absorption rate
300.0%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 41.18% · End-user: 58.82% (from 10 sales, 7 leases)
Price reductions (90d)
Price-reduction rate: 0.00%
Monthly reduction trend
2025-07: 100.0% (3 listings) · avg $21,700
2026-06: 0.0% (5 listings)
2026-07: 0.0% (4 listings)
Re-entries (past 12 months)
Re-entries: 0 · rate 0.00%
Median PSF (est.) vs parent area
Median PSF: $485+6.57% vs community avg ($455)[premium]
Supply vs demand by unit type (90d)
Sample: 1 active listings · 10 sold (90d)
studio: 0 active / 0 sold · mismatch +0.00%
1br: 1 active / 8 sold · mismatch +20.00%
2br: 0 active / 2 sold · mismatch -20.00%
3br: 0 active / 0 sold · mismatch +0.00%
Concession pattern by unit type (90d)
1br (20 sales)90.00% closed with concessions, avg 3.14% below ask
2br (9 sales)100.00% closed with concessions, avg 4.18% below ask
Seasonality (annual pattern)
Historically strongest months: Sep, Feb, Apr
Historically weakest months: Jul, Dec, Jan
Annual averages: DOM 45.4d · sale-to-list 96.77% (n=29)
Monthly detail
Jan · 1 sales · DOM 231.0d · STL 94.75%
Feb · 1 sales · DOM 19.0d · STL 93.10%
Mar · 1 sales · DOM 30.0d · STL 97.85%
Apr · 3 sales · DOM 22.0d · STL 95.38%
May · 2 sales · DOM 29.5d · STL 94.03%
Jun · 7 sales · DOM 30.0d · STL 97.77%
Jul · 7 sales · DOM 66.0d · STL 95.78%
Aug · 3 sales · DOM 33.7d · STL 99.16%
Sep · 1 sales · DOM 10.0d · STL 98.46%
Oct · 2 sales · DOM 24.0d · STL 98.20%
Dec · 1 sales · DOM 81.0d · STL 99.21%

Market Intelligence

Price per sqft analysis and trends

Claridge Plaza 3

Sale PSF

N/A

Lease PSF

N/A

4003 - Sandy Hill

Sale PSF

$494/sqft

7 sales

Lease PSF

$2.55/sqft/mo

3 leases

Lower Town - Sandy Hill

Sale PSF

$480/sqft

9 sales

Lease PSF

$3.08/sqft/mo

1 leases

Ottawa

Sale PSF

$398/sqft

150 sales

Lease PSF

$4.36/sqft/mo

1 leases

Location Comparison

LocationSale PSFLease PSF# Sales# Leases
Claridge Plaza 3This Building
/mo
4003 - Sandy Hill
4942.55/mo73
Lower Town - Sandy Hill
4803.08/mo91
Ottawa
3984.36/mo1501

Green badges indicate the building is priced below the comparison area. Data from closed transactions.

Parking & Locker Values

Parkingcommunity

Purchase

N/A

Monthly Lease

$200/mo

Lockergeneric

Purchase

$10K

Monthly Lease

$50/mo

Data based on closed transactions. PSF = Price per Square Foot. Yields calculated as annual rent / sale price.

Amenities

BBQs Allowed
Bike Storage
Car Wash
Community BBQ
Concierge
Elevator
Exercise Room
Game Room
Gym
Indoor Pool
Lap Pool
Media Room
Party Room/Meeting Room
Recreation Room
Rooftop Deck/Garden
Sauna
Security System
Visitor Parking

Maintenance Fee Includes:

A/CBuilding InsuranceCommon ElementsCondo TaxesHeatParkingWater

Building Reviews

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About Claridge Plaza 3 Condos

Claridge Plaza 3 is a premier condominium located at 242 Rideau Street, Lower Town - Sandy Hill. offers residents luxurious urban living with modern amenities and convenient access to the city's best dining, shopping, and entertainment options.

Currently, there are 103 units available at Claridge Plaza 3, with prices averaging around $362K. The building features a variety of floor plans to suit different lifestyles, from cozy studios to spacious multi-bedroom units.

Claridge Plaza 3 stands out in Lower Town - Sandy Hill's competitive real estate market for its prime location. Residents enjoy easy access to public transit, major highways, parks, and all essential services. The building's modern design and well-maintained facilities make it an attractive choice for both homeowners and investors.

Whether you're looking to buy, sell, or rent at Claridge Plaza 3, 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 and market analysis.

Explore more real estate in the wider area: 4003 - Sandy Hill, Lower Town - Sandy Hill and the Ottawa area.

Units for Lease at Claridge Plaza 3

Keywords: Claridge Plaza 3 Lower Town - Sandy Hill Real Estate

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