Claridge Moon

Claridge Moon is a new condo improvement in predevelopment status, situated at 340 Queen Street, Ottawa, ON K1R 5A5, Canada.

Highlights of Claridge Moon

Claridge Moon is a modern high-rise condominium located in downtown Ottawa at 340 Queen Street. The project was developed by Claridge Homes and completed in 2023 as part of a major mixed-use development above the Lyon Light Rail Transit station. The tower rises approximately 27 storeys and includes around 266 residential suites ranging from studio layouts to spacious three-bedroom units. Suite sizes range roughly from about 510 to nearly 1,890 square feet, offering a variety of options for different lifestyles, from professionals seeking compact urban living to families looking for larger residences.

One of the defining features of the development is its direct integration with Ottawa’s LRT transit network. Residents have immediate access to Lyon Station directly from the building, allowing convenient travel across the city without needing a car. This rare level of transit connectivity makes the building especially attractive to urban professionals who commute to Ottawa’s central business district or other key areas of the city. The location also places residents within walking distance of government offices, restaurants, shops, and cultural attractions in downtown Ottawa.

The building also provides a wide range of lifestyle amenities designed for modern condominium living. Residents have access to a boutique fitness centre, indoor pool, community lounge areas, meeting and conference rooms, guest suites, and a rooftop terrace with seating and BBQ areas overlooking the city skyline. Additional features such as contemporary kitchens with quartz or granite countertops, hardwood flooring, stainless steel appliances, and smooth ceilings help create stylish interiors that reflect modern urban design.

Property Details

• Property Name: Claridge Moon

• Storeys: 27

• Suites: 266

• Bedroom: 1 - 3 Bedrooms

• Bathroom: 1 - 3 Bathrooms

• Size: 510 - 1,890 Sqft

• Property Type: Condo

• Location: 340 Queen Street, Ottawa, ON K1R 5A5, Canada

• Price: Starting from $451,000

• Property Status: Complete

• Selling Status: Selling

• Ownership: Condominium

• Developer: Claridge Homes

Location and Neighbourhood

Claridge Moon is located in the heart of downtown Ottawa, one of the most dynamic and well-connected parts of the city. The building sits near the intersection of Queen Street and Albert Street in the Centretown area, a neighbourhood known for its mix of residential, commercial, and government institutions. This central position allows residents to enjoy immediate access to Ottawa’s financial district, making it an attractive residential choice for professionals working in nearby offices and government buildings.

The surrounding neighbourhood offers a vibrant urban lifestyle with numerous dining, entertainment, and shopping options within walking distance. Restaurants, cafés, bars, and cultural attractions are scattered throughout the nearby streets, while major landmarks such as Parliament Hill, the Ottawa River pathway system, and the ByWard Market district are easily accessible. This combination of employment opportunities, recreation, and cultural activity makes downtown Ottawa one of the most desirable residential locations in the city.

Connectivity is one of the strongest advantages of this neighbourhood. The direct connection to the Lyon LRT station enables residents to quickly reach other major parts of Ottawa including Tunney’s Pasture, the University of Ottawa area, and eastern neighbourhoods along the transit corridor. In addition to rail transit, the downtown core offers convenient access to bus routes, bike paths, and pedestrian-friendly streets, making it easy to travel throughout the city without relying heavily on private vehicles.

Reason to Invest In Claridge Moon

One of the key reasons to invest in Claridge Moon is its exceptional transit-oriented location. Being directly connected to an LRT station significantly increases the property’s convenience and long-term value because transit accessibility is a major factor in urban real estate demand. Properties located close to major transportation infrastructure typically attract both homeowners and tenants who value easy commuting options and reduced reliance on cars.

Another strong investment factor is the building’s location within Ottawa’s downtown core. As Canada’s capital city, Ottawa hosts major government institutions, international embassies, and a growing technology sector. This stable employment base contributes to consistent housing demand in central neighbourhoods. Condominiums in downtown Ottawa often attract young professionals, government employees, and investors seeking rental properties close to major employment hubs.

The project also benefits from modern construction and contemporary amenities that appeal to today’s buyers. Features such as fitness facilities, business spaces, rooftop terraces, and concierge services align with the expectations of urban condo residents. Combined with high-quality finishes such as hardwood flooring, stainless steel appliances, and stylish kitchens, these elements enhance the building’s long-term desirability and make it competitive within Ottawa’s condominium market.

A Closer Look at the Ottawa Real Estate Market

Ottawa’s real estate market is considered one of the most stable housing markets in Canada. Unlike cities that experience extreme market volatility, Ottawa’s housing demand is supported by a diverse and resilient economic base. The presence of federal government institutions, high-tech companies, educational institutions, and healthcare facilities creates steady employment opportunities that help sustain housing demand throughout economic cycles.

In recent years, Ottawa has experienced consistent population growth as people relocate for employment, education, and lifestyle opportunities. This growth has increased demand for both rental and ownership housing, particularly in central neighbourhoods close to employment centres and public transit. As a result, condominiums in downtown Ottawa have become increasingly popular among young professionals and investors seeking properties in well-connected urban areas.

Urban development initiatives and infrastructure investments have also strengthened Ottawa’s real estate outlook. Projects such as the city’s expanding Light Rail Transit system have improved mobility and encouraged new residential developments near transit corridors. Properties located near LRT stations often experience increased interest from buyers due to their convenience, making transit-oriented developments like Claridge Moon particularly attractive within the city’s evolving housing landscape.

About Developer - Claridge Homes

Claridge Homes is one of Ottawa’s most established residential developers with a history that dates back to 1986. Founded by entrepreneur Bill Malhotra, the company has grown into one of the largest builders in the Ottawa region, developing a wide range of residential communities including condominiums, rental properties, and single-family homes. Over the decades, the company has played a significant role in shaping Ottawa’s skyline and expanding housing opportunities across the region.

The developer is known for focusing on projects located in desirable neighbourhoods with convenient access to amenities, employment centres, and natural surroundings. Claridge Homes has developed numerous residential communities across the Ottawa-Carleton region, with many projects designed to combine modern architecture with practical living spaces. The company places emphasis on functional floor plans, contemporary design elements, and locations that appeal to both homeowners and investors.

Claridge Homes has also been responsible for several landmark residential towers in Ottawa, contributing to the city’s evolving skyline. Developments such as Claridge ICON, one of the tallest residential buildings in Ottawa, demonstrate the company’s focus on large-scale urban projects. Through its portfolio of condominiums and residential communities, the developer continues to influence Ottawa’s housing market while offering new housing options for a growing population.