TRENDSETTERS IN OT­TAWA’S REAL ES­TATE MAR­KET

Ottawa Magazine - - THIS CITY - You can learn more about this new de­vel­op­ment at www.LepineA­part­ments.com or by call­ing Francesca Lépine at 513.553.2406

AN IN­TER­EST­ING NEW TREND has found its foot­ing in the Ot­tawa real es­tate mar­ket. Much of the de­mand for lux­ury con­dos has been soaked up by new high-qual­ity rentals that al­low baby boomers to en­joy the eq­uity they have built up while sim­pli­fy­ing their life­styles. Lépine has es­tab­lished it­self at the fore­front of the new pur­pose-built apart­ment in­dus­try. Af­ter sev­eral years as empty nesters, Vanier cou­ple Me­gan and Robert found them­selves shop­ping for a new home. Like many folks, they looked to con­dos for the an­swer. How­ever, they soon re­al­ized that while con­dos may of­fer a de­sir­able lifestyle, they of­ten come with fluc­tu­at­ing condo fees, prop­erty taxes, and main­te­nance as­sess­ment fees. “We de­cided it wasn’t wise to tie up our nest egg in the condo real es­tate mar­ket at this time.’’ Af­ter com­par­ing con­dos around the city, they came across an award-win­ning rental de­vel­op­ment by Lépine. “We found their floor plans spa­cious and beau­ti­fully de­signed with qual­ity in mind. We needed two bed­rooms plus a den for when our kids and grand­kids come over. We also wanted out­door space and a place with lots of cup­board stor­age. We were ec­static to find out that Lépine was build­ing in our neigh­bour­hood along the Vanier Park­way!’’ Me­gan and Robert were de­ter­mined to abide by the fi­nan­cial prin­ci­ples that got them to where they are to­day. “We wanted this move to last us for the next ten years. The abil­ity to fix our rental-in­crease rates with Lépine for up to ten years is amaz­ing. We know ex­actly what our hous­ing costs will be for the next decade! With our move-in date sched­uled in 2018, we feel in con­trol and can sell our home at our own pace.’’ Lépine is an Ot­tawa-based fam­ily busi­ness, which was one of the en­dear­ing qual­i­ties that drew this cou­ple to sign a ten-year lease at Les Ter­rasses Francesca. “We en­joy the com­fort of know­ing we have a real re­la­tion­ship with our land­lords.’’ Les Ter­rasses Francesca apart­ment homes are un­der con­struc­tion and avail­able for lease reser­va­tions, with var­i­ous suite lay­outs rang­ing from 825 1725 square feet. They are de­signed to ac­com­mo­date the fi­nan­cial and lifestyle re­quire­ments of to­day’s dis­cern­ing baby boomers.

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