 BryceS
join:2007-09-17
Woodstock, ON
 ·TekSavvy Cable
| [Ottawa] Finding Place To Live Hello all,
I am graduating university with my BA in April 2013 and have secured a position at the Bank of Canada!  I am now looking for a place to rent. Kijiji is coming up pretty lame-o
I cannot believe how affordable Ottawa is and, normally, would be looking at purchasing a condo to live in around Centretown/Golden Triangle/Sandy Hill. There is one caveat, after 12 to 16 months on the job I need to leave Ottawa to obtain my Masters in Economics and do not want to face the risk of maintaining a mortgage payment if I cannot rent it out.
My cousin gave me some of the property management company's websites to browse. I might come up on reading week in February to check some places out.
For rent, I'd like it to be $900 +- $100
(I realize a mortgage would have been about $1000/mo + Property Taxes + Utilities + Strata Fees -- but OK paying that as an owner but not same cash outlay for renting)
Preferably walking distance to 234 Wellington Street (within a 25 minute walk) or maximum 25 minute bus ride.
Any tips from people who live in the NCR? |
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| How affordable Ottawa is? Comparing it to Woodstock? I Think you in for a wake up call on the amount of rent you want to spend. My son lives there and it is not a cheap place to live. Sorry can't help you otherwise |
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NCRGuy
join:2008-03-03
Ottawa, ON | reply to BryceS
»www.viewit.ca |
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BryceS
join:2007-09-17
Woodstock, ON Reviews:
·TekSavvy Cable
| reply to joeblow3
said by joeblow3:How affordable Ottawa is? Comparing it to Woodstock? I Think you in for a wake up call on the amount of rent you want to spend. My son lives there and it is not a cheap place to live. Sorry can't help you otherwise
The fact I can leave university and purchase a place two weeks later means that it is definitely affordable.
I am comparing it to my experience renting places out near/on Bay Street.
What my friends need to pay $500K for I can get for $280K in Ottawa. |
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BryceS
join:2007-09-17
Woodstock, ON Reviews:
·TekSavvy Cable
| reply to BryceS
Re: [Ottawa] Finding Place To Live I'll be entering position that is incredibly average in pay.
(Perks such as tuition assistance, pension, work experience, travel etc. far out weigh salary drop).
Due to that and the fact I can purchase something right away is my argument that the city is affordable to live in. I will be graduating with student debt, I didn't have my parents pay for my school etc. I'm a pretty normal 22 year old finance wise.
I didn't mean any disrespect by my previous post.
eg)
»mls.ca/propertyDetails.aspx?prop···63399842
$1071.99 Mortgage
$0278.71 Strata Fees
$0237.50 Property Taxes
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$1588.20 |
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| Get a car.
Rent a house for 700$
Drive to work.
Since there are a couple of uni's right there, you can easily find a student to split the costs and put even more money away. |
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BryceS
join:2007-09-17
Woodstock, ON Reviews:
·TekSavvy Cable
| said by shrug :Get a car.
Rent a house for 700$
Drive to work.
Since there are a couple of uni's right there, you can easily find a student to split the costs and put even more money away.
Selling my car before moving to Ottawa. I don't want to have to pay for parking and deal with traffic when I can walk to work.
Looking to live downtown on the Ottawa side.
Looking to live alone.
Found a few places worth noting on viewit.ca
Thanks for the link. |
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peterboroAvatars are for posersPremium
join:2006-11-03
Peterborough, ON | Don't forget a location nearest your favourite store. 
»www.thebeerstore.ca/locations?se···75000004 |
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 Mike2009
join:2009-01-13
Ottawa, ON
kudos:3
 ·TekSavvy DSL
| reply to shrug
said by shrug :Get a car.
Rent a house for 700$
Drive to work.
Since there are a couple of uni's right there, you can easily find a student to split the costs and put even more money away.
Rent a house for $700? Not around here. |
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| reply to BryceS
as long as you stay near the transitway you ll get downtown very quickly and easily......dont be put off by moving out of the core and worrying about walking to work. your work is on the transitway just make sure your residence is. i live in sandyhill its expensive. id try lincoln fields area or bayshore to the west. |
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| reply to BryceS
The golden triangle is by far the better area compared to centretown and sandy hill. Rent will run you $1100- $1250 for a one- bedroom in a typical 1920's era three-story house. Elgin street which defines the western edge of the triangle is the restaurant and bar area and is very lively and a great place to drink and eat with friends. The canal which defines the eastern edge of the triangle is perfect for jogging, walking and skating. You could easily walk to work anywhere from the triangle to the BoC in less than 25 minutes or take the bus up north on Elgin and then walk west on Wellington a couple blocks. Another good area south of the triangle is the glebe but you would have to take the bus and it wouldn't be any cheaper. Good idea to live alone; sharing rent with someone other than a significant other can leave you holding the rent bag when they walk out without notice. It happens!
I have lived in the triangle for 26 years and I love it: no drug addicts or hookers because it is too expensive, lots of stores, restaurants and bars. I have a car because I am a car nut, but you definitely don't need one.
-Bob |
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Mike2009
join:2009-01-13
Ottawa, ON
kudos:3 Reviews:
·TekSavvy DSL
| reply to stayontransi
said by stayontransi :as long as you stay near the transitway you ll get downtown very quickly and easily......dont be put off by moving out of the core and worrying about walking to work. your work is on the transitway just make sure your residence is. i live in sandyhill its expensive. id try lincoln fields area or bayshore to the west.
Too many old people in Lincoln Fields area and Bayshore is very undesirable. |
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resa1983Premium
join:2008-03-10
North York, ON
kudos:7 | Even Bayshore isn't cheap, but they're doing major improvements to the buildings there. My sister & her family lives in Bayshore.
--
Battle.net Tech Support MVP |
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Tig
join:2006-06-29
Carrying Place, ON | reply to BryceS
Try Craigs list.
Look for vacancies and sublets in the Sandy Hill area as this semester winds down.
There is a nice building in this area called the Bachelor, (280 Laurier E) I think they had units at $730 + hydro. |
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Reviews:
·TekSavvy Cable
| Baselne/woodroffe area is pretty good with a main drawn being a nice 24/7 grocery store plus all the essentials (Home Depot for a hardware store, Shoppers Drugmart, both a Beer and Liquor store). All are within walking distance of transit and if your 21 or over there are two Vrtucar stations which is a car share (»vrtucar.com/index.php) and can be nice for shopping trips to Costco or other places as needed. |
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booj
join:2011-02-07
Richmond, ON | reply to BryceS
Chinatown! Rents are reasonable and you are close to Wellington.
As a young and presumably car-less man I'd advise you to stay close to downtown. Live no further west than Westborough (kinda pricey), and no further east than the Byward market or New Edinburgh. To the south you have the Glebe and old Ottawa south, which has many great rentals for young professionals.
Make a trip to Ottawa in February during reading week. Many rentals get listed towards the end of the university year, the listings that are free right now for April availability are probably vacant for a reason. Also the canal will be open for winterlude. Any neighbourhood along the canal from downtown to Carleton university is great, and you can skate to work once in a while
Congrats on the job! |
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| reply to BryceS
I didn't mention it in my previous post but I must say if you secured a position with the BoC for next April at the age of 22 you are doing bloody good!
Also I would strongly suggest you put off buying a condo or house until you are well settled on a career path, about your late twenties or early thirties. Since you don't need a car you should save an amount equal to about a months car payment (say $300-$600 a month) so by the time you reach 30 you will have enough for a substantial down payment.
-Bob |
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 A Lurkerthat's Ms Lurker btwPremium
join:2007-10-27
Burlington, ON | reply to BryceS
Probably not the same guy (could be), but 20-some odd years ago when doing work terms in Ottawa I dealt with Wekup Management (maybe not the same exact name, but I figure Wekup isn't a popular name).
»ottawa.opendi.ca/R/467.html
A whole list of property management companies here. I did a quick search on mls.ca but they seem to start at $750 a month. Ottawa many years ago had a great transit system (I'm assuming it's the same). Even far out of the city proper (we lived in a rented condo that was Ottawa, but you crossed into Nepean to take the bus in the morning) it was a very fast commute in the morning with an express bus.
One of my work terms I lived downtown and it was great, however, shopping was limited (think high end pricey or low end, no choice). Used to walk to a Loblaws (at least a few km) and cab it home every couple of weeks. Of course, that was a while ago, might be better. |
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BryceS
join:2007-09-17
Woodstock, ON Reviews:
·TekSavvy Cable
| reply to Bob Anderson
said by Bob Anderson:I didn't mention it in my previous post but I must say if you secured a position with the BoC for next April at the age of 22 you are doing bloody good! It is still surreal with the offer. I've had to nearly stop drinking to get my grades high enough. Sad, sad day.
The hardest interview of my life with programming exercises etc.
I'm graduating with enough assets to have a strong down payment on a 300K condo but an equal amount of debt, so net worth of zero. |
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