Listed for:Listed 7 days ago
$559,900

Unit 404, 589 Rideau Street

Ottawa (Lower Town), ON K1N 6A1

Condo Apartment For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for Unit 404, 589 Rideau Street, Ottawa, Lower Town

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About Unit 404, 589 Rideau Street, Ottawa, Lower Town

Summarized Description

  • Historic charm in a converted loft-style condo.
  • Soaring ceilings and exposed brick throughout.
  • Newly renovated kitchen with quartz countertops.
  • Private rooftop terrace overlooking Macdonald Gardens Park.
  • Walking distance to ByWard Market and Ottawa River.
  • Upgraded heat pump and electrical panel for modern living.
  • Ample natural light and functional open concept layout.

Rare opportunity to own an iconic piece of Ottawa's history! The Wallis House, built in 1873, was converted to loft-style condos in 1996. With soaring ceilings, ample natural light, and exposed brick throughout, unit 404 has been completely updated for modern living while maintaining the authentic charm and character this building is known for. With a bright new kitchen with quartz countertops, a main floor powder room, and ensuite laundry, this thoughtful layout blends an open concept with functional division. With room for both formal dining, a kitchen island with additional seating, and a home office adjacent to a generous living room with a gas fireplace, this condo accommodates any lifestyle. Upstairs, a spacious loft bedroom and newly renovated ensuite blend seamlessly with the classic features and modern comforts. Backing onto Macdonald Gardens Park, the Wallis House offers both downtown living in a prime location simultaneously and your own private escape with abundant greenspace and a rooftop terrace. Walking distance to Strathcona Park, the Ottawa River, bike trails, and the ByWard Market, this condo is a must see! Upgrades: Heat Pump 2024, Kitchen 2023, Bathroom 2026, Electrical Panel 2024, Washer/Dryer 2023, Ceiling fans 2023, Condo recently refinished front steps and added bike storage.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,123
Land Transfer Tax Fee
$7,673

Condo/Maintenance Fee

Maintenance Fee
$694 /month

Included In Maintenance Fee

  • Building Insurance Included
  • Parking Included
  • Common Elements Included
  • Water Included

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
Ensuite
Interior Extras
Brick & Beam, Guest Accommodations, Storage Area Lockers, Water Heater Owned
Fireplace/Stove
Yes
Elevator
No

Exterior Features

Balcony
Open
Accessibility Features
Elevator

Building

Building Type
Condo Apartment
Building Style
Apartment
Condo Corp Number
586

Construction

Exposure
North
Exterior Finish
Brick
Special Designation
Other

Inclusions

Inclusions
Mirror at base of stairs, Stove, Refrigerator, Microwave, Dishwasher, Washer, Dryer

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Type
Owned
Parking Spaces
1
Total Garage And Parking Spaces
1

Lockers

Locker Type
Exclusive
Locker Number
24

Heating & Cooling

Heat Source
Electric
Heat Type
Heat Pump
Air Conditioning
Wall Unit(s)

Bedrooms
1
Washrooms
2
Kitchens
1

Washrooms

  • 2-piece, Main
  • 3-piece, Upper

Municipality
Ottawa
Neighbourhood
Lower Town
Main cross streets
Rideau and Charlotte
Directions
Parking lot located at rear of building off Brigadier Private.

MLS® number
X13876280
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-08
Updated on
2026-10-08
Days on market
7 days
Possession date
2026-11-08
Possession type
Flexible
Co-op commission
2
Seller
Listed by
RE/MAX ABSOLUTE REALTY INC.

Home Market Value

Current home valuation for Unit 404, 589 Rideau Street, Ottawa, Lower Town, Ottawa, ON. Listed for $559,900

HOMEH Estimate

?

$512,518

Estimated Sales Range

?

$404,889 - $628,147

HOMEH Estimate for Unit 404, 589 Rideau Street, Ottawa, Lower Town

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$512,518Medium confidence
Based on 4 comparable properties
+ $47,382 (9%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Ottawa, ON
Minimum Down Payment Required:5.5%

5% on first $500K + 10% on $59,900 over $500K

Minimum down payment

$30,990

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$21,142$15,621$13,326$0
=Total mortgage
$549,688$519,531$489,241$447,920
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$2,684monthly$2,537monthly$2,389monthly$2,187monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$7,673

Total Land Transfer Tax

$7,673

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