As an Ottawa native, I can confidently tell you that our nation’s capital boasts some of the most beautiful and historically rich communities in the county, but people often us ask about the best up and coming neighbourhoods in Ottawa. Weaving together the beauty of classic architectural design and a new stream of modern meets minimalistic, Ottawa is the winner of the “Best Place to Live in Canada” award for two years running! With Ottawa’s booming infrastructure the housing market is shifting kowing where to live in Ottawa is so important.
We’ve narrowed down our top four up and coming neighbourhoods in Ottawa.
Hintonburg/ Mechanicsville
Hintonburg and Mechanicsville may not scream potential on the outside but due to shifting infrastructure in the neighbourhood this is a location to watch. Nestled between downtown and Westboro this neighbourhood is sometimes looked over but with it’s proximity to the new LRT stop being built at Tunney’s Pasture, this is a hidden gem! Could this be the next hot spot for homeowners and renters?
Carleton Square
This location is packed with investor potential. Located in and around Meadowlands Drive East and Fisher Avenue this spot is near the Carleton University campus and Mooney’s Bay. Did you know there are approximately 30 thousand students enrolled at Carleton!
With the proximity to campus, a key demographic here are students, more specifically student rentals. If you are looking to purchase an investment property with high cash flow potential, this is your Ottawa neighbourhood.
LeBreton Flats
This area has been sitting empty for some time but that is all about to change! With the addition of the Pimisi LRT Station on Booth Street and the close proximity to LeBreton Flats, this area could soon be the new downtown.
With Rendezvous LeBreton planning to build 4,400 residential units, approximately 400 high-end luxury properties, student residences and 2.8 million square feet of office and retail space, this area has the potential to become a very prominent downtown community.
While it may take up to 30 years to build all projected amenities, it would be wise to start looking at surrounding properties now if you are on the hunt for a long-term investment property.
The Glebe
The Glebe is one of Ottawa’s most prominent and historically rich neighbourhoods. Situated between the bustling downtown and Old Ottawa South this neighbourhood offers amenities for all ages. With the addition of the new Lansdowne Park in 2015, this neighbourhood has become a major public space within the city.
With the pedestrian-friendly retail spaces, sports complexes and community-driven attractions this neighbourhood is sure to remain one of Ottawa’s most desired neighbourhoods.
Above all, Ottawa has some truly amazing neighbourhoods with amenities and housing types to meet every need. The lower price ticket compared to Toronto & the GTA’s Real Estate Market is enticing those that are tired of spending large amounts of money on rent to move to the Capital. We’re sure with the beautiful environment and bustling infrastructure our Nations Capitals will continue to grow in popularity and especially these up and coming neighbourhoods in Ottawa!
Looking for an Ottawa agent you can trust? We’re happy to answer your questions and talk about your real estate needs. Call us at (613) 288-2455, or contact us to set up an appointment.