Say hello to Ottawa, Canada's capital and fourth largest city. Ottawa is best known as Canada's political centre, with Parliament Hill residing in the cities downtown core. On New Year's Eve 1857, it was named Canada's permanent capital. For the past thousands of years, Ottawa has been an important trade and travel location because of the three large rivers that congregate in the city. With all of this trade, companies were constructing industrial buildings to generate revenue and support its cities growing population.
Ottawa has many condos to choose from, but lofts are the most popular type. These units differ from other condos because of their unique features such as high ceilings, exposed brick, ductwork, beams, and large open concept rooms. There are two types of lofts for sale in Ottawa. Hard lofts are former industrial or commercial buildings that have been repurposed into residential units. These units are high in demand with very low supply, which makes them highly sought-after and expensive. Soft lofts have similar features but are new buildings to capitalize on the high demand for lofts. Hard lofts in Ottawa are in short supply because they must be refurbished old buildings. Another reason is because of the 1900 Hull-Ottawa fire that swept across the city. The fires destroyed two major ironworks, two flourmills, and the Electric Lighting Company. All of these buildings could have been redeveloped into hard lofts.
A couple of the top hard lofts in Ottawa are Studio Argyle and Warehouse Lofts. Studio Argyle is a 4-storey development located at 255 Argyle St in the beautiful neighbourhood of Centretown. This loft is a red brick building with high ceilings, exposed ductwork, and large windows. Warehouse Lofts is a 3-storey building that was renovated in the year 2000. It is located at 95 Beech St in Little Italy. Warehouse Lofts has gorgeous units with exposed brickwork, ductwork, tall ceilings, massive windows, and old wood beams.
Welcome to Ottawa, the beautiful and historic capital of Canada that is booming with new condo developments.
Sitting on the South Bank of the Ottawa River in southern Ontario, Ottawa borders Gatineau, Quebec, and forms the center of the National Capital Region. It has a population of over 1.3 million people and a history dating back to 1826. It's famously home to many cultural landmarks and educational institutions.
As well as being a cultural and educational hub, Ottawa is also home to countless condos. There are 428 condo buildings in Ottawa, and you can find a wide range of Ottawa condo buildings like Low-Rise, Mid-Rise, High-Rise, Luxury, Pre-Construction, and Lofts too. In short, there are many types of Ottawa condos for sale, offering something for everyone.
A big selling point of Ottawa is its diversity, and it has lots of interesting neighborhoods to explore and discover.
You can find a wide range of Ottawa condos in some of the city's most popular and rapidly-developing neighborhoods, including Centretown, Downtown Ottawa, Sandy Hill, Westboro, Hintonburg, Mechanicsville, Byward Market, The Glebe, and Lebreton. Centretown, Downtown Ottawa, and Byward Market tend to have the most condos in Ottawa.
Centretown, Downtown Ottawa, and Byward Market all have a high number of condos in Ottawa. These neighborhoods are also some of the best places to live in Ottawa, home to famous landmarks like the Peace Tower, the Canadian Museum of Nature, and ByWard Market Square.
The city also boasts many other exciting neighborhoods with Ottawa condos for sale, including neighborhoods that are quieter and calmer, ideal for growing families, and many of the best condo buildings offering easy access to Ottawa's top sights like Parliament Hill, the Rideau Canal, the National Gallery of Canada, and the Canadian War Museum.
The average days on market for condos for sale in Ottawa is 40 days, and the average sale price of condos in Ottawa is $390,239. There were 2039 Ottawa condos sold last year. Ottawa saw a decrease in the number of condos sold of -5% compared to the previous year. There are also plenty of new constructions of condos in Ottawa too, opening up more opportunities for new arrivals to this fabulous city.
In terms of general lifestyle for a condo in Ottawa, the city has a walk score of 7, a bike score of 25, and a transit score of 26. Ottawa condo dwellers can rely on the city's OC Transpo public transport system of buses and light rail transit to get around with ease, and the capital region has more than 300km of bike paths too, ideal for cyclists.