2502 - 242 Rideau Street

Nestled on the 25th floor of a modern building at 242 Rideau Street, Ottawa, this impressive two-bedroom condo for sale in Ottawa presents an exceptional opportunity for those seeking a blend of luxury and urban living. With sweeping, unparalleled views of the Byward Market, Gatineau, The Hills, and the vibrant downtown Ottawa, this property promises a lifestyle enriched by stunning sunsets that truly need to be seen to be believed.

This spacious apartment, situated in the Sandy Hill community, features a contemporary design with high-end finishes that enhance its appeal. The interior boasts stone countertops and hardwood flooring, which add a touch of elegance to the living space. With a total of seven rooms, including two well-appointed bedrooms and two bathrooms, this condo for sale in Ottawa is designed to accommodate both comfort and functionality.

The main kitchen is perfectly positioned for both convenience and entertaining, although there is no additional kitchen or den in this layout. Central air conditioning ensures a comfortable atmosphere throughout the year, while the forced air heating system provides warmth during the colder months. Although the property does not feature a fireplace, the overall design and finishes create a welcoming environment.

One of the notable aspects of this condo for sale in Ottawa is its location. Being in the heart of the city means that residents are just steps away from the bustling ByWard Market, the esteemed University of Ottawa, the National Arts Centre, and the business district. Additionally, Parliament Hill is within easy reach, making this property ideal for those who appreciate the vibrancy of urban life.

Despite the absence of a pool, garage space, or parking facilities, the premium amenities of the building more than compensate for these features. Residents can enjoy access to a heated saltwater pool, a sauna, and a fully equipped gym, all designed to enhance the living experience. The sunbathing terrace offers a perfect spot to relax and take in the views, while the concierge service adds an extra layer of convenience. For social gatherings, the stylish party lounge provides an excellent venue for entertaining guests.

The condo is unfurnished, allowing new owners to personalise the space to their liking. The absence of a central vacuum system and additional land does not detract from the overall appeal of this property. The building itself is relatively young, with an age of 6 to 10 years, ensuring that it meets modern standards of living and design.

In summary, this condo for sale in Ottawa at 242 Rideau Street, Ottawa, is a remarkable find for anyone looking to immerse themselves in the vibrant lifestyle of the city. With its stunning views, elegant finishes, and prime location, it offers a unique blend of luxury and convenience. Whether you are a professional seeking proximity to the business district or a family wanting to enjoy the cultural offerings of Ottawa, this property has something to offer everyone.

If you are interested in experiencing the best of urban living, do not miss out on this exceptional condo for sale in Ottawa. With its breathtaking views and proximity to key amenities, 242 Rideau Street, Ottawa, is a place where luxury meets lifestyle, making it a perfect choice for your next home.

Sandy Hill, located in the heart of Ottawa, is a charming and vibrant neighbourhood that seamlessly blends historic charm with modern amenities. Renowned for its stunning heritage homes and tree-lined streets, Sandy Hill offers a unique atmosphere that is both welcoming and lively. The area is home to a diverse population, including students from nearby universities, families, and professionals, creating a rich tapestry of cultures and experiences. Residents enjoy easy access to parks, cafes, and cultural institutions, as well as proximity to the bustling downtown core. With its strong sense of community and a plethora of recreational opportunities, Sandy Hill is an ideal place for those seeking a dynamic urban lifestyle while still enjoying the tranquillity of a residential neighbourhood.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of age groups and preferences. The closest option is York Street Public School, an English-language elementary school offering grades JK to 6, situated just 0.6 km away, although it has a lower school rating of 1.7. For older children, Lisgar Collegiate Institute, a secondary school known for its strong academic performance with a rating of 8.8, is only 0.8 km from the property. Elgin Street Public School and Hopewell Avenue Public School are also nearby, providing French-language education for younger students, with ratings of 7.7 and 8, respectively. Glashan Public School, located 2.1 km away, serves grades 7 to 8 but has a rating of 0, indicating potential concerns. Additionally, St. Brigid School and Immaculata High School, both offering Catholic education, are situated within 2.1 km and have ratings of 3.3 and 7.4, respectively. Overall, the area offers a diverse selection of schools, ensuring families can find suitable educational options for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,455 residents, with an average household size of 1.5. The demographic profile reveals a relatively young community, with an average age of 35.1 years. The average household income stands at $78,200, although a notable 25.7% of the population is classified as low-income. The housing market is characterized by an average property price of $526,000, with a significant portion of the population being renters at 62.18%. The community is predominantly single, with 66.78% of individuals not in a relationship, and only 13.46% of households have children. Additionally, 24.32% of the residents are immigrants, contributing to the area's diversity. The housing stock is primarily composed of condominiums, which make up 72.54% of the residences. Education levels are high, with 80.14% of the population holding a college or university degree. However, 20.92% of the residents are not in the labor force, indicating a mix of working and non-working individuals in the community. Overall, this demographic snapshot highlights a vibrant, educated, and diverse population with unique housing dynamics.