Looking for a studio for sale that offers urban convenience without the high price tag? Whether you’re a first-time buyer, investor, or someone seeking a smartly designed living space, studios are an increasingly popular option in today’s market. Compact, stylish, and often centrally located, studio condos and apartments deliver excellent value in cities like Toronto, Mississauga, Vaughan, and beyond.
2308 242 RIDEAU Street
Lower Town - Sandy Hill
K1N 0B7
$299,999
Residential Condo & Other
beds: 0
baths: 1.0
- Status:
- Active
- Prop. Type:
- Residential Condo & Other
- MLS® Num:
- X12946734
- Bathrooms:
- 1
- Photos (50)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Property Type:
- Residential Condo & Other
- Property Sub Type:
- Condo Apartment
- Home Style:
- Apartment
- Total Approx Floor Area:
- 0-499
- Exposure:
- South West
- Bedrooms:
- 0+0
- Bathrooms:
- 1.0
- Kitchens:
- 1
- Kitchens in Basement:
- 0
- Bedrooms Above Grade:
- 0
- Bedrooms Below Grade:
- 0
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 5
- Rooms Below Grade:
- 0
- Rooms:
- 5
- Zoning:
- Residential
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Storey:
- 23
- Foundation:
- Concrete
- Balcony:
- Open
- Basement:
- None
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- None
- Parking Type:
- None
- Parking Spaces:
- 0
- Total Parking Spaces:
- 0.0
- Locker:
- None
- Family Room:
- No
- Possession Details:
- tbd
- HST Applicable To Sale Price:
- Not Subject to HST
- Maintenance Fee:
- $362.19
- Maintenance fees include:
- Building Insurance Included
- Taxes:
- $2,753 / 2025
- Assessment:
- $- / -
- Ottawa
- Lower Town - Sandy Hill
- 4003 - Sandy Hill
- Rec./Commun.Centre, Public Transit, Park
- None
- Yes-with Restrictions
- Stove, Dryer, Washer, Refrigerator, Dishwasher
- staging items
- Concrete, Stone
- Concierge, Lap Pool, Exercise Room
- Floor
- Type
- Size
- Other
- Main
- Kitchen
- 8'6" × 7'5¾"
- Main
- Living Room
- 15'6" × 10'4"
- Special Designation:
- Unknown
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Laundry Access:
- Ensuite
- Condo Corporation Number:
- 962
- Property Management Company:
- CMG
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- Listings on market:
- 58
- Avg list price:
- $397,278
- Min list price:
- $265,000
- Max list price:
- $1,049,000
- Avg days on market:
- 29
- Min days on market:
- 1
- Max days on market:
- 343
- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
Why Buy a Studio Apartment or Condo?
• Affordable Entry Point: Studios are typically the most budget-friendly option for homeownership in the GTA.
• High Rental Demand: Ideal for investors looking for steady rental income with low vacancy risk.
• Prime Locations: Many studios are in downtown or transit-connected areas.
• Low Maintenance: Less space = fewer costs for upkeep, utilities, and property taxes.
• Efficient Living: Open layouts, modern designs, and creative storage solutions maximize functionality.
Features to Expect in Studio Listings
Modern studios on the market today often include:
• Open-concept layouts ranging from 300 to 600 sq. ft.
• Floor-to-ceiling windows, built-in storage, and balconies
• Updated kitchens with quartz countertops and stainless steel appliances
• In-unit laundry and energy-efficient systems
• Access to amenities like gyms, rooftop decks, and co-working lounges
Neighbourhood Highlights Around Popular Studio Areas
Studio buyers often focus on central and transit-rich areas like Downtown Toronto, Yonge & Eglinton, and Vaughan Metropolitan Centre. These neighbourhoods offer:
- Walkable access to restaurants, cafes, and nightlife
- Close proximity to TTC, GO, and major highways
- Parks, universities, coworking spaces, and shopping districts
- A vibrant mix of professionals, students, and urban explorers
Whether you’re seeking a cozy personal space or a high-demand rental unit, these neighbourhoods provide both lifestyle perks and strong resale value.
What to Expect When Buying a Studio for Sale
Studios are designed to maximize every square foot, offering:
- Affordable ownership in otherwise expensive locations
- Flexible layouts that combine living, sleeping, and cooking
- Quality finishes like hardwood flooring and smart lighting
- Ideal fit for remote workers, students, or investors
Explore More GTA Homes:
- Condos for Sale in Toronto Under $350K
- Waterfront Cottages for Sale in Ontario under $300000
- Houses for Sale Richmond Hill under $500000
- Houses for Sale near Caledonia and Eglinton West
- Condos for Sale in Toronto Under $400K
- Aurora Homes For Sale
- Bradford Homes For Sale
- King City Homes For Sale
- Markham Homes For Sale
- Newmarket Homes For Sale
- Richmond Hill Homes For Sale
- Thornhill Homes For Sale
- Toronto Homes For Sale
- Brampton Homes For Sale
- Uxbridge Homes For Sale
- Vaughan Homes For Sale
- Stouffville Homes For Sale
- Mississauga Homes For Sale
Each link provides updated listings and expert insights.
FAQs – Studio for Sale
1. What is the average price for a studio in the GTA?
Studios typically range from $350,000 to $550,000, depending on location, building age, and finishes.
2. Are studio condos a good investment?
Yes. Studios are often easier to rent, carry lower maintenance fees, and perform well in high-demand rental areas.
3. Do studios come with parking or storage lockers?
Some do, but many studios do not include parking. Storage lockers may be available at an extra cost.
4. Who should buy a studio apartment?
Studios are perfect for first-time buyers, young professionals, students, or investors looking for affordable and in-demand properties.