$1,050,000
For sale: Apartment

The tree-lined street of Rideau Terrace has an enticing charm that makes you look twice. If you are drawn to the unique combination of historic charm, distinctive architecture and a prime location in a lively urban neighbourhood, you may wish to consider 1-140 Rideau Terrace. This unit offers three bedrooms plus a spacious den, a combined living and dining room, a spacious kitchen with a breakfast area, and a highly desirable 1,000 sq ft (approx) terrace. The current owners upgraded the patio by investing $170,000 to ensure the exterior space remains enjoyable for years to come. The terrace upgrades include removing the previous patio stones, installing a new membrane, installing new patio stones, improving drainage, and replacing a 60-foot-by-8-foot high privacy wall. The owners had planned to make interior upgrades; however, due to changes in their personal plans, they decided that new owners may wish to put their own take on the property or may prefer to keep things as they are.
Sold data
Apartment homes in Ottawa took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 62, across 369 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 60 days.
The median sale price was $398,000.
Homes sold for about 2.7% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 369 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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