It’s that time of year again, we are fielding a lot of calls from out of town parents thinking of buying a condo in Downtown Ottawa somewhere near the University of Ottawa ratherthanshacking up in residence.
The University of Ottawa is centrally located in the Sandy Hill area of downtown Ottawa between King Edward Avenue and Nicholas St right along the Rideau Canal, with lower town and the Byward Market to the north and connected via walking bridge to the Golden Triangle and city core to the west.
Students living off campus typically rent rooms in the numerous century homes of the historic Sandy Hill. Recent trends of intensification in Ottawa has presented a new option, Condos like 200 Besserer, 200 & 234 Rideau St. and countless others: Take a look at this weeks newest Downtown and Byward Market Condos.
The advantage of students living in off campus are:
- proximity to non-university owned shops, restaurants and cafés
- more space and independence than in residence
- potential profits from real estate appreciation over 4 years
…of course many of these can easily be drawbacks depending on the maturity of your children. We strongly recommend you chat with one of our area experts to see if out of town condo ownership is right for you as there are many factors to consider.
Is it a financial gain or would your money make more interest elsewhere?
Are you planning on renting excess rooms to other students? Who will be responsible for them?
Who will maintain the condo & expenses?
Will you visit Ottawa to choose the right condo or allow your children to make that decision?
HomeTeamOttawa.com ~ 613-788-2113