Are you sending your children to Ottawa to study at the Ottawa University? Have you considered buying a small home, condominium or even a multi-family property near the Ottawa University?
The University of Ottawa is located in Ottawa's Sandy Hill neighbourhood which neighbours the popular Byward Market - Lower Town neighbourhoods as well as plenty of nature including Sandy Hill's beautiful Strathcona Park on Range Road.
During the nineteenth and early twentieth century, the neighbourhood of Sandy Hill near the Ottawa University was one of Ottawa's wealthiest. Today, the neighbourhood is home to a mix of people including students living in close proximity to the Campus of the University of Ottawa.
Sandy Hill has a wide range of property types available for purchase including condos. The average sold price of a condo unit in 2018 was $374,932. This is up $21,154 or an increase of 5.97% from 2017.
Condos in Sandy Hill located near the Ottawa University are great properties to hold as investment properties as demand for quality rentals continues to outpace the supply.
Freehold properties with no condo fees can vary quite a bit in size. The largest home sold in the neighbourhood in 2018 was a 7 bedroom home with 5 bathrooms. The smallest was a 1 bedroom, 1 bathroom property. If you are looking for properties for sale in Sandy Hill that could accommodate your son or daughter as well as a few of their friends, buying a freehold property may be your best option. The average cost of a property for sale in Sandy Hill that is freehold was $642,250. On average homes have 4 bedrooms and 4 bathrooms. This was a $27,532 or 4.47% increase over 2017.
Rents for a 1 bedroom in a home or condo in Sandy Hill generally start at $700 a month in 5, 6 or 7 bedroom units but can go even higher when the home is 3 or 4 bedroom.
Friends of your children can help cover the mortgage, property taxes and utility costs for the 4 + years of university.
If you are looking for larger investment properties near the University of Ottawa such as triplexes, fourplex or even larger buildings, Sandy Hill has a few options. There was a total of 6 multi-family properties that sold in the neighbourhood of Sandy Hill in 2018 including 5 triplexes and 1 fourplex. The average price being $1,065,000.
If you are contemplating buying a home near Ottawa University call Roch St-Georges, real estate and resident of Sandy Hill. You can call or text me at 613-889-7732 to discuss your real estate needs. I look forward to hearing from you.