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The most expensive and cheapest neighborhoods to buy a home in Ottawa

The most expensive and cheapest neighborhoods to buy a home in Ottawa

The most expensive and cheapest neighborhoods to buy a home in Ottawa

Location can play a big role in price when buying a new home. According to data from Bennett Property Shop Realty, real estate prices are higher in central Ottawa neighbourhoods than in suburbs such as Barrhaven, Kanata, Orleans and Stittsville. "The closer to downtown, the more expensive it is," Taylor Bennett, a broker with Bennett Property Shop Realty, said on CTV Morning Live this week. Bennett appeared on CTV Morning Live to discuss the average price of different styles of homes depending on location in the Ottawa real estate area.

The most expensive residential real estate areas:

  • Rockliffe - $2,526,429
  • McKellar Heights - $1,255,631
  • Glib/Old Ottawa South and East - $1,173,216
  • Westborough - $1,084,088
  • '. '
  • Wellington Village - $1,071,313

The most affordable neighborhoods in Ottawa:

  • Arnpryor - $532,959
  • Saint Albert/Casselman - $492,666
  • Plantagenet - $474,580
  • Cornwall - $463,889
  • Hoxbury - $362,445

"Those who are retired or working from home and don't necessarily have to be in the city should look at these neighborhoods," Bennett said.

The most expensive neighborhoods for condos:

  • Glib/Old Ottawa South and East - $897,483
  • Westborough - $638,525
  • Wellington Village - $510,758.00
  • Little Italy - $506,686.00
  • Ottawa City Center - $478,807

Most affordable'. 'neighborhoods for condominiums:

  • Arnpryor - $280,714
  • Britannia Heights - $300,390
  • Copeland Park - $302,786
  • Beacon Hill - $327,740
  • Carleton Heights - $362,445

"The condominium market really depends on your lifestyle. Some people are attracted by price, but another important factor is condo fees," Bennett said.

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"The most affordable neighborhoods, not too far from downtown. "

Bennett also looked at the average price for different styles of homes in different Ottawa neighborhoods.

Detached homes on two levels:

  • Glib/Westboro - $1,178,696
  • Kanata/Stittsville - $927,200
  • Nipin - $903,786
  • '. '
  • Barrhaven/Riverside South - $876,878
  • Orleans/Gloucester - $799,268

Bennett says Orleans/Gloucester and Barrhaven/Riverside South offer buyers looking for a detached home "more for their money." "There are also newer homes, especially in the Barrhaven/Riverside South neighborhood, so not only are they cheaper, but they're a little newer, which means less support will be needed over time," Bennett told CTV Morning Live.

Detached bungalows:

  • Canata - $873,904
  • Barrhaven/Riverside South - $866,292
  • Orleans/Gloucester - $844,326
  • Glib/Westborough - $776,498
  • Nipin - $721,431

'Tauhauses in Ottawa are much more common than others''styles of homes,'" Bennett said.

  • Glib/Westborough - $791,500
  • Kanata - $635,906
  • Barrhaven/Riverside South - $608,292
  • Orleans/Gloucester - $593,665
  • Nipin - $578,339

Bennett says downtown Ottawa is home to older properties. "As you get closer to the more suburban areas, the homes are a little newer and probably cheaper. In some cases, they may be a little bit smaller. Of course, the money speaks for itself. If your budget is limited, you need to target a specific neighborhood," Bennett said.

The most affordable style of housing is the glass townhouse:

  • Glib/Westborough - $576,263
  • Barrhaven/Riverside South - 441,116

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