242 Rideau Street 1808, Lower Town - Sandy Hill

$297,000
242 Rideau Street 1808

$297,000

New
4d
Condo Apartment1 Storey/Apt

242 Rideau Street 1808, Lower Town - Sandy Hill

Total Monthly Obligation $1,997

Beds
0
Baths
1
Park
0
Sqft
0-499
DOM
4d
Score
21
Yield
6.8%
Cash on Cash
-2.9%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Condo Apartment
MLS® Number-X14096744
Beds-0
Bathrooms-1
Size-0-499 sqft
Listed on site-Oct 19, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-11-15
Taxes-$2,843 (2026)
Maintenance-$362.19/mo
Locker-Owned
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PERFORMANCE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Roof-Flat
Foundation-Poured Concrete
Possession-earlier possession available if an investor taking over the lease
Neighbourhood-4003 - Sandy Hill
Title-Residential Condo & Other

No agent assigned

An ideal opportunity for first-time buyers, investors, university students or professionals. This well-priced and move-in ready studio apartment at Claridge Plaza offers urban living at its finest. Larger than many studios (440sq ft) this home features a welcoming foyer with tile flooring and two closets, an open-concept living area with hardwood floors, large windows, a private balcony overlooking a landscaped yard, an upgraded kitchen equipped with stainless steel appliances and quartz countertops, and a modern bathroom with a quartz vanity and full tub. In-unit laundry for your convenience. Storage locker included in the price. Freshly painted ( summer 2026) and tastefully decorated. Residents enjoy top-tier building amenities including large welcoming entrance hall, heated saltwater pool, gym, outdoor terrace, party lounge, theatre room, business center, and 24/7 concierge and security. Well run condo building situated in the heart of the city's cultural hub with public transit right at your doorstep. Walking distance to Parliament Hill, the University of Ottawa, the Rideau Centre, the National Arts Centre, Ottawa Art Gallery, National Gallery of Canada and the ByWard Market. Schedule your viewing today!

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$
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%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$237,600
Land Transfer Taxes$2,930
Legal Fees (Est.)
$
Total cash required for closing$63,830

Total Monthly Obligation

$1,997/mo
Mortgage $1,198
Monthly Loss $1,682
Principal$315
Interest$883
Property Tax$237
Condo Fees$362
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.1%1
5-Year IRR
8.8%28
10-Year IRR
9.9%
Returns Index
14.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$20,160/yr
NOI
$8,555/yr
Net Cash Flow
-$485/mo
Cash Margin
-28.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo81
Risk Index
35.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 242 Rideau Street 1808

Time

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