Pre-Construction Condos For Sale in Byward Market
About Byward Market's Pre-Construction Condos For Sale
This is Byward Market, a neighbourhood in the city of Ottawa with 1 Pre-Construction buildings with condos for sale.
A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.
When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.
You can find the neighbourhoods of Downtown Ottawa and Sandy Hill nearby which have Pre-Construction condo buildings. Byward Market is a Walker's Paradise with a walk score of 94. This neighbourhood is a Biker's Paradise with a bike score of 95. Excellent Transit is available in Byward Market.
Byward Market Condos For Sale
A great neighbourhood in Ottawa, you will find 18 condo buildings within Byward Market with condos for sale and rent. Condo development in this neighbourhood has been booming with 10 High-Rise, 5 Luxury, 2 Mid-Rise, 1 Pre-Construction, 4 Loft and 6 Low-Rise in Byward Market. There are countless choices of condos for sale in Byward Market to call home. Condos for sale in Byward Market spend an average of 55 days on market. Byward Market had 100 condos sold within it in 2020, an decrease of -17% compared to the year before. Last year condos for sale in Byward Market had an average sale price of $$506,358, an increase of 20% from the year before. This neighbourhood is a Walker's Paradise with a walk score of 94. Excellent Transit is available in Byward Market. This neighbourhood is a Biker's Paradise with a bike score of 95. Lower Town and Downtown Ottawa are nearby neighbourhoods.
Byward Market has many popular bakeries including Bell Pastry & Delicatessen and teastore. If you are looking for coffee Piccolo Grande Gelateria and Oz Kafe, ByWard Market offer great options in Byward Market. Groceries are close-at-hand with supermarket La Bottega in Byward Market. Locals recommend eating at Chez Lucien, ByWard Market and The Keg Steakhouse + Bar - Ottawa Market in Byward Market - they have great food! There is a surprising amount of green space with fontaine du millenaire de la rue york, Ogilvy Square, and Raphael Brunet Park in Byward Market. You can find pharmacies Pharmacie Brisson and Shoppers Drug Mart within walking distance. There is great shopping at CF Rideau Centre. If you are looking to visit a museum or art gallery Galerie D'art Jean-Claude-Bergeron can be found in Byward Market. If you're a health and fitness fanatic, hopefully you are living in a condo building with a great gym. If not Yoga Travels is a super popular fitness center with locals. Animal enthusiasts, good news Cricket & Company is in Byward Market. Schools in Byward Market include Ferline Regis Singing Lesson, BarWorksOne and Telfer School of Management. There are many students in this neighbourhood as Ecojustice Environmental Law Clinic at the University of Ottawa is located within it. Byward Market has a very accesible train station Rideau.
What to Expect
The Byward Market is one of the oldest areas in the city of Ottawa. Surrounded by old and new landmarks, it is seen as the heart of the city’s downtown. As one of the most active parts of the city, most events either take place in the tiny six block radius starting from Rideau Street or revolve around it in some way. It is bordered by Cumberland St to the East, Sussex Dr and Mackenzie Ave on the West side.
The Byward Market contains a vast majority of Ottawa’s nightlife and entertainment. It’s the perfect place to grab a drink during happy hour or celebrate a night out with friends at any, or many, of the bars, clubs, and pubs. During the spring, summer, and fall the Market is flooded with many stands selling fresh produce, prepared food selections, clothing, flowers, and much more. Many boutiques allow for a diverse shopping selection. At the south end of the ByWard Market lies the Rideau Centre. This enclosed mall is home to more than 180 of Ottawa’s best stores and services.
Commuting to various points is fairly easy in this neighbourhood. With the Mackenzie King Station right around the corner, residents will have no trouble hopping on buses to far off areas like Stittsville and Kanata. Its location also means a cab or an uber will never be far off. With the exception of the crowded Rideau Street, the Byward Market has been referred to as a walker’s and cyclist’s paradise. A homebody seeking to move into the area will be relieved to know that it has a fair amount of grocery stores that are not too far away. Even better, the Byward Market boasts of several specialty stores, which means you can finally make that complicated Italian dish that you couldn’t find the ingredients for. There are also several parks as well as a few libraries and a handful of elementary and secondary schools within walking distance. The Market’s central location puts it 5 minutes from Ottawa’s bus station, 5 minutes from the VIA Rail train station, and 15 minutes from the Ottawa International airport.
Demographics
The Byward Market has a fairly young demographic mixing University/College students, young professionals and retirees seeking to be close to the main attractions of the city. About 40% of residents are between the ages of 20-39 and only 35% of people living In this neighbourhood are married. There is a large student population mostly because of the proximity of the University of Ottawa. In addition to this, the area is home to many of Ottawa’s homeless shelters. Being the core of the city it makes it a convenient location for vagrants to reside.
Lifestyle
This area is great for people with an active, social lifestyle. With a relatively fast paced lifestyle the Byward Market seeks to impress with high class restaurants, art galleries, craft breweries, plus much more. Unfortunately, it means lovers of domesticity may feel a bit isolated. It is also a great place to meet creative, quirky characters such as street musicians, students, and urban dwellers.
What you'll love
The environment and ambiance is what makes the Byward Market what it is. It really thrives in the warmer months with the open-air market being one of the city’s top destinations. Flowers line the streets and the smell of food fills the air. Parliament Hill is also just on the outskirts of the Byward Market, making visiting a breeze for residents of this neighbourhood.
Most of the Byward Market’s residents name the restaurants and bars as one of the area’s best attractions. A handful of art galleries and well curated independent clothing stores can all be found within walking distance. As if all these are not enough, there are a number of small, quirky stores where you can find everything from handmade cards to roller skates. And of course, all of these sights and experiences are connected by well designed pedestrian and bike paths that will make you never want to drive again.
