For Sale

508 RIDEAU Street, Lower Town - Sandy Hill, Ontario K1N 5Z6

$1,795,000

508 RIDEAU Street, Lower Town - Sandy Hill, Ontario K1N 5Z6 is For Sale and has a listing price of 1,795,000. The property is located in the Sandy Hill - Ottawa East neighbourhood . It's been on the website for 9 Days.

  • MLS ID: X12473897
  • Office Name RIGHT AT HOME REALTY
Property Description

Mixed commercial/residential freehold property on bustling Rideau Street, near University of Ottawa and various condo developments. The main floor is currently setup as a Chinese restaurant with a fully equipped kitchen and spare natural gas lines for additional gas equipments, complete with a customer seating area and bathroom. The full basement is ideal for storage and includes a 2-piece bathroom and utility rooms. Upstairs is the residential portion where you’ll find 3 bedrooms, including one with an ensuite bathroom. Private driveway with up to 4 parking spots at the rear. Come check out this fantastic opportunity for investment or development!

Property Details
  • MLS ID: X12473897
  • Price: $1,795,000
  • Lot Depth: 99
  • Transaction Types: For Sale
  • Ref ID: X12473897
  • Year Built: N/A
  • Dir / Cross St: Rideau St. between Augusta St. and Coburg St.
  • Status: Active
  • Tax Year: 2024
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
10/21/2025 X12473901 $1,795,000 For Sale - -
10/21/2025 X12473897 $1,795,000 For Sale - -
04/07/2025 X12065792 $1,795,000 For Sale - -
04/07/2025 X12065807 $1,795,000 Expired -
11/04/2024 X10411201 $1,795,000 Expired -
07/28/2024 X9516397 $1,795,000 Expired -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Sandy Hill - Ottawa East
  • $1,030,778 Average List Price
    based on 1 year
  • 74 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 3.77 % Up
  • Sold (12mo) 26
  • Rented (12mo) 29

  • 1 Month Change -
  • 3 Month Change -
  • 6 Month Change -32.1%
Walkscore
Property Type Distribution
  • All Houses
    16.29%
  • Commercial
    4.49%
  • Condo
    79.22%
Additional Details
  • Heat Type Gas Hot Water
  • Garage Type Y
  • Parking Spaces: 4
  • Taxes: $14,384
  • Last Status Y
  • Original Price: $1,795,000
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 21/10/2025 16:03:28
  • Possession Date: 01/11/2025 00:00:00
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