4 Days Ago
Highlights
New Construction
Pet Friendly
Location
199 Rideau Street, Ottawa, Ontario K1N 5X8, Canada|Byward Market
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Property Overview
MRKT Lofts holds an impressive Zumper Expert Rating of 9.7, reflecting its high potential as a rental choice. It features exceptional amenities, a competitive price point, and an ideal location—all rated 10 out of 10—signaling an excellent balance of value and quality. Moreover, the property displays transparency and trustworthiness, bolstered by an extensive photo collection that aids potential renters in visualizing their future home.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Images Available
Floor plans
| Studio | Studio | 1 bath | 413 sqft | $1,780 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 418 sqft | $1,780 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 435 sqft | $1,785 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 418 sqft | $1,785 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 418 sqft | $1,785 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 435 sqft | $1,790 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 412 sqft | $1,790 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 418 sqft | $1,790 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 418 sqft | $1,790 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 644 sqft | $2,020 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 644 sqft | $2,025 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 490 sqft | $2,030 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 609 sqft | $2,150 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 609 sqft | $2,160 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 609 sqft | $2,170 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,185 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,195 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,205 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 628 sqft | $2,210 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,215 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,235 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 628 sqft | $2,290 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 628 sqft | $2,375 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 716 sqft | $2,375 /mo | 1 unit available |
Let's explore this property.
Amenities for MRKT Lofts
Apartment Amenities
| Air Conditioning | Central Air Conditioning |
| Central Heat |
Appliances
| Dishwasher | Fridge |
| In-Unit Laundry | Individual Thermostats |
| Stove | Washer and Dryer |
Tech
| Internet Ready |
Building
| Cats OK | Dogs OK |
| Elevator | Garage with Bike Rack |
| Indoor Parking | No Smoking Allowed |
| Onsite Laundry | Sauna |
| Storage Lockers | Video Surveillance |
Grounds
| Exercise Room | Garage Parking |
| Storage | Swimming Pool |
Services
| Live in Superintendent |
Neighborhood
| Convenience Store | Grocery Nearby |
| Public Transit |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
OPTIONAL FEES
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Parking Policy
Garage Lot
Garage Lot
Parking Fee
Monthly. 2 garage lots max. Unassigned parking.
$275
Questions about this property’s policies and fees?
Building details
Property details
| Year built | 2024 |
|---|---|
| Lease terms | 12 months |
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About MRKT Lofts
Managed by Summit PM
Located in the vibrant ByWard Market, MRKT Lofts offers a unique blend of modern design and historic charm. Situated on Rideau Street, one of Ottawa’s most iconic thoroughfares, this exceptional property places you steps away from the city’s best shopping, dining, and cultural experiences. Home to the Rideau Centre, the University of Ottawa, and landmarks like the Château Laurier and the National War Memorial, Rideau Street is the pulse of downtown living. At MRKT Lofts, you’ll find yourself immersed in the energy of the city while enjoying the comforts of a thoughtfully designed space. Whether you're strolling through the Market, exploring nearby parks, or experiencing Ottawa’s renowned arts and entertainment scene, everything is right at your doorstep. Amenities - Video surveillance - Elevators - Indoor pool - Laundry facilities - Sauna - Convenience store - Exercise room - Public transit - Shopping nearby - Parks nearby - Schools nearby - No Smoking allowed - Garage with bike rack - Indoor parking ($) - Storage lockers ($) - Live-In Superintendent - Groceries nearby
Year Built: 2024
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.7
/10
ExcellentEarning an outstanding 9.7 out of 10 overall rating, MRKT Lofts is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Amenities and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
MRKT Lofts stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
MRKT Lofts stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
MRKT Lofts offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
MRKT Lofts has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at MRKT Lofts.
Trustworthiness·10A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
MRKT Lofts sets a high bar for up-to-date information, transparency, and thoroughness in marketing and communication. It's verified, offers multiple lifestyle photos, and provides detailed information about its features and attributes. The clarity it provides sets it apart from other rentals, making MRKT Lofts a trustworthy choice for potential residents.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How MRKT Lofts compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
Considerations
- No laundry facilities available
- This property doesn't offer on-site or in-unit washers and dryers
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Managed by Summit PM
Summit is a residential and commercial management company operating primarily in Montreal, Quebec.
Rent trends in Byward Market
Studio apartments at MRKT Lofts cost about 3% more than the average rent price for studios in Byward Market.
1-bedroom apartments here are priced 3% higher than 1-bedrooms in Byward Market.
Median rents as of Dec 13 2025.
Byward Market
Ottawa
| Month | Median Rent |
|---|---|
| December 2023 | $1,600 |
| January 2024 | $1,595 |
| February 2024 | $1,550 |
| March 2024 | $1,546 |
| April 2024 | $1,545 |
| May 2024 | $1,544 |
| June 2024 | $1,549 |
| July 2024 | $1,590 |
| August 2024 | $1,670 |
| September 2024 | $1,702 |
| October 2024 | $1,683 |
| November 2024 | $1,668 |
| December 2024 | $1,655 |
| January 2025 | $1,652 |
| February 2025 | $1,654 |
| March 2025 | $1,623 |
| April 2025 | $1,597 |
| May 2025 | $1,589 |
| June 2025 | $1,599 |
| July 2025 | $1,607 |
| August 2025 | $1,616 |
| September 2025 | $1,610 |
| October 2025 | $1,579 |
| November 2025 | $1,562 |
| December 2025 | $1,549 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,449 |
| April 2024 | $1,391 |
| May 2024 | $1,576 |
| June 2024 | $1,401 |
| August 2024 | $1,825 |
| September 2024 | $1,825 |
| October 2024 | $1,797 |
| November 2024 | $1,770 |
| December 2024 | $1,768 |
| January 2025 | $1,765 |
| February 2025 | $1,765 |
| March 2025 | $1,765 |
| April 2025 | $1,767 |
| May 2025 | $1,774 |
| June 2025 | $1,780 |
| July 2025 | $1,780 |
| August 2025 | $1,782 |
| September 2025 | $1,783 |
| October 2025 | $1,785 |
| November 2025 | $1,786 |
| December 2025 | $1,785 |
Affordability calculator
Can I afford to live at 199 Rideau Street?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$71,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $71,400 annually to afford this studio median monthly rent price of $1,785.
For more information on rent affordability, visit our rent calculator.
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Internet available near MRKT Lofts
Getting around Ottawa near 199 Rideau Street
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 199 Rideau Street, Ottawa
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
8/10
Several cafés within a few minutes’ walk
Restaurants
9/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
9/10
Wide variety of bars within a few minutes' walk
Explore the area around 199 Rideau Street
Hong Kong Express
242 Rideau St
Bottega Nicastro Fine Food SHP
64 George St
Loblaws
363 Rideau St
Farm Boy
193 Metcalfe St
Solfarmers
88 Marlborough Ave
Left Foot First Shoe Boutique
405 Dalhousie St
J E Letellier Ltd
146 Rideau St
Giant Tiger
98 George St
Browns Cleaners
238 Besserer
Urban Outfitters
135 Rideau St
Tim Hortons
423 Cumberland St
Tim Hortons
99 Rideau St
Booster Juice
50 Rideau St
Bridgehead
50 Rideau St
Starbucks
50 Rideau St
Loft Board Game Lounge
14 Waller St
Mavericks
221 Rideau St
Aulde Dubliner & Pour House
62 William St
JOEY Restaurants
50 Rideau St
Chateau Lafayette House
42 York St
Sports Supplement Experts
384 Dalhousie St
BeaverTails
69 George St
Farm House
55 By Ward Market Sq
Moulin De Provence
55 By Ward Market Sq
Cupcake Lounge
6 By Ward Market Sq
Champagne Bath
Raphael Brunet Park
Routhier Community Centre
Marion Dewar Plaza
Sir Wilfrid Laurier Park
Loft Board Game Lounge
14 Waller St
Avant Garde Bar & Gift Store
135 Besserer St
Food Mood
178B Rideau St
Shanghai Wonton Noodle Restaurant
178 Rideau St
Tim Hortons
423 Cumberland St
RIDEAU / CUMBERLAND
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RIDEAU / DALHOUSIE
, , , , , , ,
DALHOUSIE / RIDEAU
,
DALHOUSIE / RIDEAU (D)
, ,
RIDEAU/CUMBERLAND
PARC DE LA MONTAGNE, FREEMAN/G-ROY/OTTAWA, LAC DES FÉES, CÉGEP GABRIELLE-ROY, CÉGEP G-ROY/ST-JOSEPH, FREEMAN, STATION LA CITÉ, CGP G-ROY/MUTCHMORE
BAYVIEW
CARLING
CARLETON S.
CARLETON N.
CONFEDERATION
RIDEAU A
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RIDEAU O-TRAIN EAST / EST
RIDEAU O-TRAIN WEST / OUEST
CENTRE RIDEAU
PLATEAU, PLATEAU/DES TREMBLES, CÉGEP GABRIELLE-ROY, CÉGEP G-ROY/ST-JOSEPH, FREEMAN, OTTAWA, OTTAWA, FOURNIER/GRÉBER, CÔTE-DES-NEIGES, STATION LA CITÉ, CGP G-ROY/MUTCHMORE, RAPIBUS 400
LAURIER E / CUMBERLAND
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