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$300K · 0 bed Condo Apartment · 4003 - Sandy Hill, Lower Town - Sandy Hill | MyPropertyScout

$299,999

Unit 2308

01Vacant

Map

$299,999

A●●●○○

Unit 2308

242 RIDEAU Street · Lower Town - Sandy Hill · Ontario K1N 0B7

MLS® X12946734 · 4003 - Sandy Hill · K1N 0B7

01Vacant0-499 ft²Condo ApartmentNone$601/ft²$2,753 tax/yr

16% below market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Bright and modern open-concept studio with expansive floor-to-ceiling windows and a private balcony, filling the space with natural light. The sleek designer kitchen is equipped with stainless steel appliances, while the neutral color palette allows you to easily add your own style. Immaculately maintained, it offers comfortable and affordable living paired with unbeatable amenities: an indoor heated saltwater pool, fully equipped gym, outdoor terrace, theatre room, business center, stylish part…

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Property details

MLS#: X12946734
Status: Buy Now
Beds: 0
Baths: 1 full, 0 half
Size: 0-499
Style: Apartment
Type: Condo Apartment
Year built: —

Foundation: Concrete
Property features: Rec./Commun.Centre, Public Transit, Park

Condo corp #: 962
Balcony: Open
Locker: None
Association amenities: Concierge, Lap Pool, Exercise Room
Fees include: Building Insurance Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 0 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete, Stone
Fronting on: —
Cross street: Rideau St at the corner of Cumberland and Rideau
Basement: None
Stories: 23
Utilities: —
Laundry: Ensuite
Interior: None
Parking features: None

Rooms

Level	Room	Dimensions
Main	Kitchen	2.28m × 2.59m
Main	Living Room	3.14m × 4.72m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: EXP REALTY

Source: TRREB/PROPTX · MLS® X12946734

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$300K

Unit 2308 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $299,999✓ $2,753 tax✓ Gas✓ 0-499 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,116/mo

incl. closing costs (yr 1)

Annual total

$37,392

year 1

Mortgage only

$1,138/mo

principal + interest

Beyond mortgage

$1,272/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$60,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$229/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~250 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$3,000/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$30/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$2,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)37% $13,657/yr

Property taxes15% $5,728/yr

Utilities11% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance8% $3,000/yr

Condo fees12% $4,346/yr

Closing costs14% $5,100/yr

Mortgage is 37% of your true cost of ownership. The other 63% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$13,657	$1,138/mo
Government & taxes
Property tax	$2,753	$229/mo
Land transfer tax(closing)	$2,975	$248/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,000	$250/mo
Condo fees
Condo / HOA fees	$4,346	$362/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$37,392	$3,116/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 2308

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs