Ottawa Condominiums 2022 - Chelsea Hamre RE/MAX Affiliates Ottawa

Ottawa Condominiums 2022

It's the talk of the town.

The condo market is going up here in Ottawa.

Why? Affordability and lifestyle!

I'm Chelsea Hamre RE/MAX Affiliates in Ottawa and the Hamre Real Estate Team.

Within the last three months, we have seen the condo market BOOM!

In comparison to the last 24 months.

Could this have to do with things opening up? People going back to in-person work. More opportunities to enjoy Ottawa lifestyle?

Absolutely.

Now I'll get into that, but right now in Ottawa, the average price point for one bedroom with parking is about $475,000 in the downtown core.

For a two-bedroom with parking, you're looking at about $620,000, which is so affordable for a major city.

Ottawa is affordable and it's a destination city, the lifestyle.

You can skate on the Rideau Canal in the winter. You can bike or run it in the summer.

There's walking distance to the grocery stores. You don't even need a car. The theatre, the NAC music festivals, sports.

We have the Redblacks at Lansdowne.

It is an awesome city to live in and whatever floats your boat there's something here for you too.

If I can help you make a move in your lifestyle, whether you're looking to change your lifestyle, you're looking to invest in Ottawa or you're looking to do to purchase your first home.

Condos are a great option. They're a great option because of that lifestyle, you have less maintenance, but your condo fees are going towards that maintenance.

You don't need to worry about paying for a new roof or new windows or new doors, all of that factors into your condo fees.

So if it's a consideration for you, please give me a call or you can reach me directly on our website. We know ottawa.com, but I would love to chat.

I'm Chelsea Hamre RE/MAX Affiliates in Ottawa and the Hamre Real Estate Team.

Centretown

This is one of the most sought-after neighbourhoods in Ottawa real estate. Centretown is located centrally in downtown Ottawa. It is just West of The University of Ottawa and just north of The Glebe. This location also offers easy access to the rest of Downtown Ottawa. It is within walking distance of many surrounding neighbourhoods, while remaining a distinct pocket of Ottawa.

Centretown is also very close to Lansdowne Park which offers incredible restaurants and lifestyle. There are also some great sporting events from teams such as The Ottawa 67's, Ottawa Redblacks, Ottawa BlackJacks, and Ottawa F.C.

Centretown is home to the spectacular Canadian Museum of Nature this museum features incredible exhibits featuring nature's very best from throughout all of recorded history. The museum is famous for its incredible dinosaur bone displays and bird gallery. This location makes for a perfect family visit or even an interesting date spot. Everyone loves dinosaurs.

Centretown also features homes along the Rideau Canal. In the summer there is an awesome walking and biking path along the water. In the winter the Canal itself becomes the world-famous skateway. Living in Centretown gives you access to this incredible 4 season recreation space.

This is a desirable location for condominiums because of the lifestyle that is available. You are always close to great eateries, live entertainment and scenic Downtown Ottawa. Public spaces in the building and nearby are always drawing factors for potential buyers. Many of these building also have parking garages that offer underground parking which is incredibly valuable. Modern Ottawa condo buildings can offer great amenities and stylish architecture that is desirable to condo buyers and especially first-time home buyers. 

Sandy Hill

This is a great place to buy if you are an investor. Sandy Hill is located within walking distance of the University of Ottawa and still relatively close to Carleton University as well as being right Downtown. This makes for a desirable location as it is always easy to find tenants for rental apartments. This popular location has even had rental bidding wars occur for the more desirable units. 

The location is fantastic for lifestyle. Imagine being able to walk to the Rideau Centre. Walk to world-class restaurants for dinner. Jog or bike down to the locks by Parliament. 

Downtown Ottawa has so much to offer and soo much to enjoy. You could live like you're on vacation every single day. 

Lowertown

Lowertown is popular for a combination of the same reasons as Sandy Hill and Centretown. The location is near the major Universities and the Downtown core. Lifestyle sells and Lowertown has plenty to offer in that department as well as boasting some beautiful properties. 

The lesson in all of this is that when it comes to condominiums, location matters. It can be the biggest selling point in some cases. People want to be close to their jobs, close to the Downtown core and amenities. If you are looking to purchase a condo and want to see the value increase, your best bet is to buy for location.