First-Timers
Buying your first place? Congratulations! A low price is likely a prime consideration but not the only thing on your wish list. You’re probably looking to save money in other areas as well. Perhaps you want a place close to work, to minimize commuting costs. If DIY is your thing, you could get a deal on a handyman special and then invest some elbow grease in renovations. Since life doesn’t end when you get a mortgage, you probably wouldn’t mind being near good restaurants, gyms, and entertainment. And if you’re looking at this as a starter home, resale potential is key.
1 CENTRETOWN
“Here’s my thought about first-timers and Centretown. They often have freehold tastes, condo budgets. Few of them end up being able to afford to buy there because they want so much more than a little condo,” says Anneke Cundasawmy, a sales representative with RE/MAX Hallmark Realty Group, Brokerage. Rob Marland, a sales representative with Ottawa’s Royal LePage Performance Realty Brokerage agrees, noting that some of his first-time buyers in 2018 paid up to $600,000 for the perk of walking to work, restaurants, and the canal. But don’t despair; if you can live in a tiny space, you can find a home for less than $300,000. And when you want to move to a place where you can eat dinner without sitting in the kitchen sink, places in Centretown generally sell quickly. Borders: Bronson Avenue, Wellington Street, Elgin Street, the Queensway OREB CODES: 4101, 4102, and 4103 Condo prices (monthly average): $340,873 to $529,499 Condos sold last year: 316 Non-condo prices (monthly average): $501,950 to $793,033 Non-condos sold last year: 38
2 CARLINGTON
If you want to live near downtown and don’t mind a fixer-upper — one in 10 houses in the ’hood needs “major repairs,” according to Statistics Canada — Carlington offers lots of solid vintage houses for the money. (Over 40 per cent of the houses were built before 1960.) “These are really well-built houses,” says Marland, noting that many have a poured-concrete or concrete-block foundation, wood framing, and copper plumbing. Good-sized lots also attract space-starved renters. Cundasawmy says she often works with first-time buyers who start looking appreciatively at Carlington once they’ve realized they can’t afford what they want in Centretown. “They think, ‘Well, I could get a whole house, with a yard for the dog.’ ” Finally, you don’t necessarily need a car. If you’re a cyclist, it’s a 13-minute ride to Tunney’s Pasture, 15 minutes to Carleton University, or half an hour to city hall.
Borders: Clyde Avenue, the Queensway, Carling Avenue, Fisher Avenue, Kingston Avenue, Caldwell Avenue, Bellevue Manor Park OREB codes: 5301, 5302, and 5303 Condo prices (monthly average): $242,450 to $341,950 Condos sold last year: 7 Non-condo prices (monthly average): $351,800 to $514,933 Non-condos sold last year: 78
3 BYWARD MARKET
For one of Ottawa’s oldest areas, The Market has a lot of new housing. Roughly one-quarter of the ’hood’s dwellings have been built since the turn of the millennium, many of them small condos. If you like to hang with a young crowd, you’re in luck, as 24 per cent of The Market’s residents are aged 25 to 34. Don’t have a car? The Rideau LRT station is due to open this year. Clubs, galleries, shopping, and the Rideau Canal are on your doorstep. All this makes The Market a very popular choice for first-time buyers — if you can get a foot in the door. Here’s the hitch: Most of those little apartments aren’t cheap. Don’t let that discourage you, though; if you’re willing to live in an older property or in a spot the size of a postage stamp, you, too, can spend the night sipping cocktails at the Mercury Lounge before walking home. Borders: Sussex Drive, King Edward Avenue, Rideau Street OREB code: 4001 Condo prices (monthly average): $345,050 to $506,971 Condos sold last year: 113 Non-condo prices (monthly average): $414,450 to $769,450 Non-condos sold last year: 30
4 MORGAN'S GRANT
You might wonder why this neighbourhood makes the list of firsttime ’hoods, as it’s not exactly cheap. However, if you work in one of the two big high-tech business parks on March Road and want a short commute that doesn’t involve the Queensway, it’s an excellent alternative to pricier Kanata neighbourhoods, such as Kanata Lakes. And it’s close to lots of great recreational amenities, such as the Richcraft Recreation Complex, the hiking and mountain-biking trails in the South March Highlands Conservation Forest, and the public Loch March golf club (where you can play nine holes for $22). But here’s a tip: If you want to buy here, you have to be quick and aggressive. Cundasawmy recalls listing a house in this ’hood for a client. “We went to market, and it was a frenzy.” In the end, the house attracted eight offers and sold for $65,000 over asking.
Borders: Old Second Line Road, Old Carp Road, Windance Crescent, Celtic Ridge Crescent, Klondike Road, March Valley Road, Terry Fox Drive OREB code: 9008 Condo prices (monthly average): $257,500 to $292,900 Condos sold last year: 4 Non-condo prices (monthly average): $361,000 to $484,300 Non-condos sold last year: 206
5 WESTERN COMMUNITY/ WINDSOR PARK VILLAGE
Looking for a condo inside the Greenbelt for less than $250,000? This neighbourhood just north of the airport offers lots of potential. In fact, Cundasawmy says it often attracts entire extended families. “The sisterin-law talks the in-law into buying on the same street. ‘Come on, get on the property ladder, and we'll be able to look after each other’s kids.’ ” The drawbacks include airplane noise, a decided lack of nightlife — a few pubs and the South Keys Cineplex are about it — and a slow commute to downtown. It’s only 13 kilometres to city hall (as compared to 16 kilometres from similarly priced Convent Glen North in Orleans), but you’ll spend a lot of those clicks crawling on Bronson, Bank, or one of the canal-side parkways — unless you hop on the Trillium Line at Greenboro. The proposed addition of stations at South Keys and the EY Centre in 2021 might make this area an even more attractive option.
Borders: Uplands Drive, Paul Anka Drive, McCarthy Road, CN Rail line, O Train line, lands north of the airport OREB code: 4803, 4805, and 4807 Condo prices (monthly average): $199,533 to $281,200 Condos sold last year: 64 Non-condo prices (monthly average): $493,229 to $612,400 Non-condos sold last year: 51