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Unit 1406 at Claridge Plaza 3

Sold

242 Rideau Street 1406, Lower Town - Sandy Hill, ON K1N 0B7

MLS #X11984848

$363,000

Sold on June 10, 2025

June 10, 2025

Originally listed at $369,000 62 days on market

About This Property

Modern 1-Bedroom Condo in the Heart of ByWard Market Prime Downtown Location! Built in 2014 by renowned builder Claridge, this well-maintained 675 sq. ft. condo offers modern living in one of Ottawas most vibrant neighbourhoods. Located in the heart of ByWard Market and downtown Ottawa, everything you need is just steps away - festivals, the Rideau Canal, shops, restaurants, grocery stores, and the Rideau Centre. Its across from the new Metro store and minutes from Parliament Hill, Majors Hill Park, the University of Ottawa, and more. This condo presents an excellent investment opportunity, with strong demand from professionals and university students, ensuring high rental potential and positive cash flow. Commuting is easy with the LRT just steps away and a bus stop at your door. The unit features a smart, square layout that maximizes space. Large south-facing windows in both the living room and bedroom flood the unit with natural light. Enjoy stylish new luxury laminate flooring in the living area, durable ceramic flooring in the foyer, kitchen, and closet, granite countertops, stainless steel appliances, and ample storage. In-unit laundry and additional storage inside the unit and in a dedicated locker are included. **One underground parking space** is also provided. Step out onto the spacious balcony, perfect for relaxing in the warmer months. Residents enjoy a 7,250 sq. ft. recreation area with an indoor pool, saunas, gym, party room, landscaped outdoor terraces, and BBQs. The building offers 24-hour security, concierge service, and surveillance for added peace of mind. A $129 million revitalization plan is underway for ByWard Market, enhancing the area with a greener, more pedestrian-friendly environment. This initiative will further increase the appeal of living at 242 Rideau, making it an even more desirable place to call home. Don't miss this fantastic opportunity to own in one of Ottawas most central locations. Contact us today for your private tour!

Investment Analysis

Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($642/mo) and property tax ($3,929/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$568/sqft
4003 - Sandy Hill
$494/sqft+15.1%
Lower Town - Sandy Hill
$480/sqft

Fair Market Price

Analysis based on 0 sales and 0 leases in this building. Unit size estimated at 650 sqft.

Property Details

Bedrooms

1

Bathrooms

1

Square Feet

600-699 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeNone
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryNo
Corp #TSCC-962
MLS Size600-699
Listed OnFeb 23, 2025
Maintenance Fees$642/month
Property Tax$3,929/year

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Rooms

NameSize (m)Size (ft)Features
Bedroom(Main)3.12 x 3.5110.2 x 11.5-
Kitchen(Main)1.96 x 2.956.4 x 9.7-
Living Room(Main)3.53 x 6.3511.6 x 20.8-
Bathroom(Main)---

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Unit 1406 History

Complete transaction history for this unit

Leased

Leased: Aug 31, 2026

$2,150/mo

35 days on marketLease
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Price History

Original List Price

$369,000

Listed on Feb 23, 2025

Sold Price

$363,000

Sold on Jun 10, 2025

-$6,000

-1.6%

62 days on market

Price History Available

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OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NameClaridge Plaza 3
Address242 Rideau Street, Lower Town - Sandy Hill
Parking Type

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About Unit 1406 at Claridge Plaza 3

Unit 1406 is a residential condo & other with 1 bedroom, 1 bathroom spanning approximately 600-699 square feet located at Claridge Plaza 3, 242 Rideau Street, Lower Town - Sandy Hill. This unit is currently sold (sold for $363K).

About Claridge Plaza 3

Claridge Plaza 3 is located at 242 Rideau Street, Lower Town - Sandy Hill. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.

4003 - Sandy Hill Neighbourhood

This unit is located in 4003 - Sandy Hill, 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 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.

Keywords: Unit 1406 Claridge Plaza 3 Lower Town - Sandy Hill

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