Lofts For Sale in Centretown

About Centretown's Lofts For Sale

This is Centretown, a neighbourhood in the city of Ottawa with 3 Loft buildings with condos for sale. There were 7 Loft condo units sold in Centretown in 2020 when the average sale price for Loft condos in Centretown was $455,915. In 2020 Loft condo units for sale in Centretown had an average of 17 days on market. The Loft condo building with the highest Dork Rating in Centretown is Studio Argyle with a rating of 9 in 2020.

Studio Argyle in Centretown was the most active Loft condo building in 2020 with 4 units sold in Centretown. Studio Argyle had the highest average price per sqft in 2020 for Loft condo buildings in Centretown with an average price per sqft of $596.

You can find the neighbourhoods of Byward Market and The Glebe nearby which have Loft condo buildings. Centretown is a Walker's Paradise with a walk score of 93. This neighbourhood is a Biker's Paradise with a bike score of 99. Excellent Transit is available in Centretown.

About Centretown's Hard Lofts For Sale

An authentic hard Loft is a rare beast. Lofts in Ottawa are in short supply due to the nature of their origin. In order to fit this category, a former industrial or commercial use space must be converted into a residential living space. Out of this formula, some common elements arise. Old, often exposed brick, visible mechanical elements of the building such as pipes and beams, large windows and vaulted ceilings. The latter is the element from which a Loft derives its name. A lofted ceiling that allows a living space to feel much larger than the square footage of the floor plan. Ceiling heights from 11 to16 ft are common. There are no rules regarding whether or not a Loft includes separate bedrooms. There may be no separation at all. Partition walls at less than ceiling height may be present or a second floor with partial walls or overlooks can be found. These are usually seen in units where the ceiling height is generous enough to allow room for a partial second floor. The conversion of these commercial buildings is one-offs. Often what makes them stand out are the singular elements associated with that particular building. Some will feature 100 yr old flooring, the wide beams and large nails that made up the factory floors of the day. Others may be touted for the uniqueness of the brick used to construct the building or the shape and style of the stonework. Window style will also be particular to each building, with original glass and frames, shape and size all contributing to the style of the Lofts in Ottawa. Of special interest, will be the history of the building. The story that these conversions tell is almost as important as the design in conveying the style of the home. The original use, any subsequent commercial conversions and the date of the original construction, all contribute to setting the buildings apart. All of these factors naturally limit the height of the buildings, but not necessarily the amenities. There are hard Lofts that also include common areas, fitness rooms and shared rooftop spaces. Of particular interest are buildings that have been reclaimed from the public domain such as schools and churches. The other criteria that must be filled are the location. While this applies to every home and business, the trick with hard Lofts is there must be underutilized or vacant industrial space near to an urban centre. Simply converting a vacant factory in the middle of nowhere, doesn't have much appeal. Look for office, commercial and retail conversion as live workspaces to fill the gap in demand. It is also important to note the distinction between living spaces and those designated for mixed-use, as this adds volume to the available Hard Loft category. Those with dual zoning are sometimes listed as artists' spaces or live-work units. Both styles are more likely to be found in urban centres with high foot traffic. The price tag associated with these one-of-a-kind Lofts in Ottawa is not often congruent with the artist's label they may receive. In some cities, this was born of the use of buildings that could house projects but were not necessarily converted to living spaces. In the past, inexpensive, unused industrial space was a great fit for artists. Necessities like plumbing and heat were ignored in favour of the affordability. City zoning and housing laws will play a large part in determining what's on offer for Hard Lofts today. Each city will determine what constitutes a space fit for living, and where inhabitants are allowed to offer commercial services from their residence.

About Centretown's Soft Lofts For Sale

Soft Lofts are new builds designed to offer the space and style of a hard Loft. The demand for hard Lofts far exceeds availability and the costs associated with these one-of-a-kind spaces, place them out of reach for many buyers. Here is where the soft Loft comes to life. Builders, eager to fill the demand for open-concept spaces, adopted the term Loftand applied it to units which outside of the conversion elements, fit the design and style criteria of a Loft. More commonly found in low and mid-rise buildings, upper floors in high rise buildings may also have units that have been given a soft Loft treatment. The popularity of the soft Loft is growing along with the demand for higher ceilings, open floor plans and unique design elements. Luckily supply is high since the units are created with new builds, there is no limit on how many can hit a given market. However, due to the low supply hard Lofts are more likely to retain their value over time and suffer less vulnerability to market shifts. Expect to find a wide range of styles. Many units will mimic hard Loft design features, while the external building may be represented in a more modern style. Many of the architectural components in a Hard Loft may differ and so too do the elements of a soft Loft. The expanse of options can make choosing a soft Loft more difficult, the lower prices will surely ease that burden. You'll find completely open concept units, partially walled bedrooms and open concept overlooks sleeping quarters. Large windows will be easy to find feature as they lower the construction costs for the building. Soft Lofts may also still include features such as exposed brick, polished concrete floors, wood beams and other industrial elements. One of the biggest bonuses of soft Lofts is its inclusion in building projects that compete for the best amenities. New build condos have to offer a wide and exciting range of amenities to attract potential buyers. Finding a soft Loft in a building that also has the concierge, party rooms, pools, full-scale gym and rooftop BBQs is not uncommon. They are also not restricted by an existing structure. A soft Loft can be built into any design or building, offering more options for style and layout. Developers will sometimes use the mixing of these elements. They design multiple building complexes, combining condo units, soft Lofts and townhomes into a single project.

Centretown Condos For Sale

The great condo neighbourhood of Centretown in Ottawa has many awesome buildings to choose from with a total of 44 condo buildings. There is a perfect fusion of modern high-rise condos and hip lofts, there are 11 Low-Rise, 3 Loft, 21 High-Rise, 11 Mid-Rise, 3 Luxury and 4 Pre-Construction in Centretown. Many condos for sale in Centretown feature excellent amenities perfectly located in Ottawa. Condos for sale in Centretown spend an average of 52 days on market. There were 248 condos sold in Centretown in 2020. Centretown saw an increase in the number of condos sold by 4% compared to the year before. Condos for sale in Centretown had an average sale price of $$448,842 last year, an increase of 12% from the prior year. This neighbourhood is a Walker's Paradise with a walk score of 93. Excellent Transit is available in Centretown. This neighbourhood is a Biker's Paradise with a bike score of 99. The neighbourhoods Golden Triangle and Downtown Ottawa are nearby.

True Loaf Bread Company, Brownloaf Bakery, and Three Tarts are great bakeries in Centretown. There are some great cafes in Centretown such as Arlington Five, Tamis Cafe & Restaurant, and Pure Kitchen Elgin. Groceries are close-at-hand with supermarket Thana Markets in Centretown. Locals recommend eating at Town and Colonnade Pizza in Centretown - they have great food! There is a surprising amount of green space with McNabb Park in Centretown. Centretown White Cross Better Living and SWIFT COMPOUNDING PHARMACY are a short walk away as well. Centretown has many local events taking place with Wallack Galleries, Ottawa Museum Network and Artists' Centre D'Artistes Ottawa Inc. (Gallery 101) catering to the arts scene. If you're a health and fitness fanatic, hopefully you are living in a condo building with a great gym. If not Integrate - Healthcare Collective is a super popular fitness center with locals. Animal enthusiasts, good news Healthy Pets HQ is in Centretown. Elgin Street Public School is a nearby schools for children living in Centretown. There are many students in this neighbourhood as Laurentian Leadership Centre of Trinity Western University is located within it.

What to Expect

Centretown spans a fairly large area in Somerset West of Ottawa. It is also considered one of the oldest neighbourhoods in the city, having housed French and Irish immigrants when they first arrived in Canada centuries ago. One of the biggest draws to Centretown is the presence of Lisgar Collegiate Institute. As one of the highest regarded public schools in the country, parents moving to this area should be understandably gleeful at the idea that their children may become students of an institution which is ranked nationwide in nearly every field. With the Glebe, Elgin street and Chinatown only a few blocks away, you will rarely feel the boredom and isolation that may come with living in a more suburban neighbourhood. It is also ideal for government workers, as several government offices are located in or around this area. Centretown is the main business and financial district in Ottawa housing many large office buildings. 

Demographics

Centretown has an incredibly diverse demographic. The area has always been popular amongst newcomers due to the pockets of non-Canadian culture concentrated in the neighbourhoods. There are several families living here, some of whom have lived on the same street for decades. Many newcomers to Centretown are also young professionals, some of whom, as previously mentioned, have moved to the area due to its proximity to government offices. A fair amount of residents are also students. This is due to its proximity to the University of Ottawa as well as the bus routes which lead to Carleton University. However, the area’s popularity also means its crime rate is higher than the city average. Despite this, Centretown is known as a warm and welcoming place where its storied heritage has resulted in an admirable sense of community.

Lifestyle

Centretown is popular because it allows residents to feel at home regardless of whether they prefer a fast-paced or a slower lifestyle. Want to spend your evenings socializing? Elgin Street and Bank Street's pubs and restaurants will ensure you will have a variety of places to meet and connect with people. Are you more of a solitary explorer? The plethora of small streets and shops means you can take several long walks without encountering the noise from nearby parties and bars. Families are not left out either, as nearby museums such as the Museum of Nature and the Bytown Museum means all ages will have lots to do.

What you'll love

Elgin Street’s lively pub culture is a source of envy from many ‘Ottawaians’ who live too far from Centretown to experience it. There is also the famous Sparks Street. This small pedestrian street in the heart of downtown Ottawa has been known to host several food and music festivals. Even on quiet days, you are bound to find a number of interesting shops and outdoor stalls at the pedestrian mall which sets up year round. And of course, you can’t forget Centretown’s rich history which is told through an array of plaques and sculptures found all around the area. All of this, buttressed by the presence of residents representing many cultures and multiple bus routes to transport you around the community makes Centre town a place that will grow on you rather quickly.