A Building Investments Inc. neighborhood economic analysis.
Here are the Top 5 Ottawa Neighborhoods to invest in right now! This information is the results of our in-depth market research and neighborhoods’ insights.
HINTONBURG & MECHANISVILLE
- 2016 average price is $436,000.
- 2011-2016 average price increase is 26.9%
- Rent Range: 1 bed $1275-$2950; 2 beds $1645-$3210
- Target tenants: higher class professionals, couples with no children who can pay more.
- Appeals to all ages, students; trendy, close to everything, high walk score.
- Big high-rise developments are coming.
- Larger lots and property developments.
PRESTON & CARLETON UNIVERSITY
- 2016 average price is $441,200.
- 2011-2016 average price increase is 13.7%
- Rent Range: 1 bed $1350-$2180; 2 beds $2000-$4690
- Target tenants: higher class professionals, couples with no children who can pay more.
- Appeals to all ages, Carleton students.
- CarletonU major long term supply of student tenants.
- Glebe is a very desirable neighborhood.
- Big high rise developments are coming to the area.
- Larger lots and property developments; trendy, close to everything, high walk score.
TUNNEY’S PASTURE
- 2016 average price is $583,000.
- 2011-2016 average price increase is 20.7%
- Rent Range: 1 bed $1415-$2125; 2 beds $1590-$2075
- Target tenants: professionals & families.
- Appeals to all families; trendy, close beach, high walk score.
- Long term demand from generation Y.
- Larger lots and property developments.
- The connection to North-South LRT
LEBRETON FLATS
- 2016 average price is $563,800.
- 2011-2016 average price increase is 9.5%
- Rent Range: 1 bed $1065-$2504; 2 beds $1365-$2215
- Target tenants: professionals & families
- Appeals to younger, UOttawa students.
- Major development: Zibi, $1B project.
- Possible hockey stadium, 5000 new units.
- Waterfront & close to QC; trendy, retail available.
SANDY HILL (UOTTAWA) & DOWNTOWN
- 2016 average price is $538,600.
- 2011-2016 average price increase is 11.1%
- Rent Range: 1 bed $940-1140; 2 beds $1280-$2375
- Target tenants: higher class professionals and students.
- High & long-term supply of student tenants from the University of Ottawa
- Larger lots and property sizes; high walk score.
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