507 RIDEAU STREET, Ottawa

$2,615/mo

For rent: Other

Other at 507 RIDEAU STREET, Ottawa
Property type
Commercial Retail
MLS®
MLS® X13876362
Neighbourhood
4002 - Lower Town

This attractive commercial unit, known as Parkside Mews, was constructed by Domicile Dev Inc in 1998. It is located in the sought-after and evolving area of Ottawa, Rideau St. The main floor features a two-piece washroom, mezzanine, and basement area totaling just over 900 square feet of usable space. The basement includes an office area and mechanical room. Additionally, the unit comes with 1 outdoor parking space at the rear of the building. The permitted usage is traditional main street, allowing for a wide range of commercial businesses or offices. Whether you're looking to relocate, start a new business, or downsize, now is the perfect opportunity. Association fees of $950 per year cover parking and snow removal, while utilities are the responsibility of the tenant. Real estate tax is included in the rent. Don't miss this opportunity!

Sold data

Homes in Lower Town — recent sold market

Homes in Lower Town took a median of 21 days to sell over the last 730 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 45, across 41 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 43 days.

The median sale price was $660,000.

Homes sold for about 1.7% below asking on average, so there was room to negotiate.

About 15% of sales closed above the list price.

Around 15% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$660,000
Sale-to-list ratio
98.3%
Sold above asking
15%

Based on 41 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 507 RIDEAU STREET