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Unit 2505 at Claridge Plaza 3

Sold

242 Rideau Street 2505, Lower Town - Sandy Hill, ON K1N 0B7

MLS #X12352266

$340,000

Sold on October 5, 2025

October 5, 2025

Originally listed at $354,900 38 days on market

About This Property

Experience refined urban living in one of downtown Ottawa's most desirable addresses. Situated high above the city streets, this bright and contemporary 1 bedroom condo offers a serene escape with sweeping skyline views. The thoughtfully designed open-concept layout is bathed in natural light, thanks to expansive floor-to-ceiling windows that bring the city into view while maintaining a sense of calm and quiet. The modern kitchen features stainless steel appliances, Subway tile backsplash, an island with seating, and ample storage, seamlessly flowing into a flexible living and dining space, perfect for cozy nights in or hosting friends. The spacious bedroom provides a comfortable retreat, complemented by a sleek, 3-piece bathroom. In-unit laundry adds everyday ease, while the private balcony becomes your go-to spot for morning coffee or evening sunsets. This unit also comes with underground parking and a storage locker, ticking all the boxes for convenience. As a resident, you'll enjoy access to top-tier amenities including an indoor pool, a fully equipped gym, a conference room, and a chic lounge area ideal for remote work or casual gatherings. Steps from the University of Ottawa, Rideau Centre, ByWard Market, and major transit routes, this location blends quiet comfort with unbeatable accessibility. If you've been waiting for the perfect mix of style, functionality, and downtown vibrancy. welcome home!

Investment Analysis

Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($600/mo) and property tax ($3,635/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$546/sqft
4003 - Sandy Hill
$494/sqft+10.6%
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
Style1 Storey/Apt
Ensuite LaundryNo
Corp #TSCC-962
MLS Size600-699
Listed OnAug 18, 2025
Maintenance Fees$600/month
Property Tax$3,635/year

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Rooms

NameSize (m)Size (ft)Features
Kitchen(Main)3.21 x 3.4810.5 x 11.4-
Living Room(Main)3.2 x 5.2310.5 x 17.2-
Primary Bedroom(Main)2.81 x 3.419.2 x 11.2-
Bathroom(Main)2.82 x 1.79.3 x 5.6-

Room Dimensions Available

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Unit 2505 History

Complete transaction history for this unit

Leased

Leased: Aug 14, 2026

$2,500/mo

-$150 (-5.7%)

Listed: $2,65013 days on marketLease
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Price History

Original List Price

$354,900

Listed on Aug 18, 2025

Sold Price

$340,000

Sold on Oct 5, 2025

-$14,900

-4.2%

38 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 2505 at Claridge Plaza 3

Unit 2505 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 $340K).

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 2505 Claridge Plaza 3 Lower Town - Sandy Hill

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