Pre-Construction Condos For Sale in Mechanicsville
About Mechanicsville's Pre-Construction Condos For Sale
Welcome to Mechanicsville, a neighbourhood in the city of Ottawa with 1 Pre-Construction buildings with condos for sale. There were 1 Pre-Construction condo units sold in Mechanicsville in 2020 when the average sale price for Pre-Construction condos in Mechanicsville was $667,500. In 2020 Pre-Construction condo units for sale in Mechanicsville had an average of 40 days on market.
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.
Grid Lofts in Mechanicsville was the most active Pre-Construction condo building in 2020 with 1 units sold in Mechanicsville.
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 Tunney's Pasture and Lebreton nearby which have Pre-Construction condo buildings. Mechanicsville is Car-Dependent with a walk score of 38. This neighbourhood is a Biker's Paradise with a bike score of 91. Excellent Transit is available in Mechanicsville.
Mechanicsville Condos For Sale
Living in Mechanicsville gives you access to everything Ottawa has to offer. With a total of 8 condo buildings, everything your heart desires is available. Mechanicsville is a perfect fusion of modern and hip condos, there are 3 Low-Rise, 1 Pre-Construction and 5 High-Rise. With so many buildings to choose from in Ottawa, there are unsurprisingly many condos for sale in Mechanicsville. The average days on market for condos for sale in Mechanicsville is 62 days. Mechanicsville had 23 condos sold within it in 2020, an decrease of -30% compared to the year before. Last year condos for sale in Mechanicsville had an average sale price of $$356,404, an increase of 15% from the year before. This neighbourhood is Car-Dependent with a walk score of 38. Excellent Transit is available in Mechanicsville. This neighbourhood is a Biker's Paradise with a bike score of 91. The neighbourhoods Tunney's Pasture and Lebreton are nearby.
Locals recommend eating at Desk Nibbles in Mechanicsville - they have great food! There is a surprising amount of green space with Laroche Park in Mechanicsville.
What to Expect
Mechanicsville is the area to the west of downtown between Scott Street and the Ottawa River. Its western border is Parkdale Avenue, and its eastern boundary is Bayview. The area is mostly residential, with 1900s era homes on grid streets. Along Parkdale Avenue, there are several newer high-rise apartment buildings. The east is an older industrial area.
Demographics
The demographic in this area is mixed, with older people who are homeowners and younger people who rent in the area.
Lifestyle
China Town on Somerset street is easily accessible from here. Also, Wellington street is nearby where you can find many shops or leisure spots. Wellington is the main street near the larger neighbourhood of Hintonburg. Tall apartment buildings create a wall along the western and northern sections of the neighbourhood.
What you'll love
Mechanicsville's proximity to many main streets but residential atmosphere make it a great neighbourhood for first time buyers. Easy access to the Sir John A. Macdonald Parkway, offering beautiful Ottawa river views and great commute to downtown. All the little shops and restaurants offer the greatest meals.
