Nick Answers Reddit
Incoming prof. at UofO with wife and toddler: where would you live?
I’ll be moving from the West Coast (US) to Ottawa this summer to take up a position at UofO. (I’m from Gatineau, and my family is still in the region). This is not my first prof. job, so I’m coming in with some seniority and a decent salary.
I live with my wife and toddler (and cat!). We currently have no plans for more kids. My wife will need a bit of time to find a new job. She grew up in Toronto and dislikes driving for errands, so walkability is important to us. We plan to rent for a while and then hopefully buy a place. We’re definitely okay with semis or rowhouses, and I expect our budget will be about 800k (perhaps a bit more, depending on the type of job that my wife finds). I’d say we need about 1000-1200 square feet. More is better, but perhaps not necessary. A backyard, even a small one, would be amazing. We’re in our mid-30s.
How would you play it? Where would you rent? Where would you then try to buy?
We really like the neighborhoods of Hintonburg, Mechanicsville, and Wellington West. Would the area around the Civic be a good option?
The neighborhoods I think we would like but may be too expensive are Old Ottawa South, Old Ottawa East, Glebe, and Rideau Gardens (my brother lives there; he’s a real doctor, as I like to say).
Other neighborhoods we are considering are Vanier North, Centretown, and Chinatown.
Some questions:
Where are we basically priced out of (unless we decide to have a big mortgage and spend our life savings on a down payment on a million-dollar house)? That’s probably what we would have done if we had stayed in San Francisco…
Are there some families here who live in Centertown and Chinatown and like it? I currently live in a dense urban area and like it, but I don’t know if it’s the best for a toddler.
Is Vanier North a good option?
Are there other neighborhoods we should consider?
Nick Answers Reddit
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Nick’s Response:
Welcome to Ottawa! It’s great to hear you’re considering various neighborhoods that balance walkability, family-friendliness, and proximity to the University of Ottawa. Let’s explore your options based on your preferences and budget.
Neighborhoods of Interest:
Hintonburg, Mechanicsville, Wellington West:
- Pros: These neighborhoods are known for their vibrant communities, excellent walkability, and proximity to amenities. They offer a mix of housing types, including semis and rowhouses, which might fit your budget.
- Cons: The real estate market in these areas has been competitive, leading to rising prices. It’s essential to monitor current listings to ensure they align with your budget.
Old Ottawa South, Old Ottawa East, The Glebe, Rideau Gardens:
- Pros: These are prestigious neighborhoods with beautiful architecture, close to parks and reputable schools, offering a family-friendly environment.
- Cons: Given your budget of around $800,000, these areas might be challenging to enter without stretching financially, as property values here are on the higher end.
Centretown and Chinatown:
- Pros: Both neighborhoods offer urban living with high walkability, diverse cultural experiences, and proximity to downtown.
- Cons: While they provide urban conveniences, some parts may lack the green spaces and quiet streets that are beneficial for young children.
Vanier North:
- Pros: Vanier North has been undergoing revitalization, attracting new families and professionals. It offers more affordable housing options compared to some of the more central neighborhoods.
- Cons: While improving, some areas may still be transitioning. It’s advisable to visit and assess if it meets your family’s comfort and safety expectations.
Additional Neighborhoods to Consider:
Overbrook: Located just east of the Rideau River, Overbrook offers a mix of housing options and has been gaining popularity among young families. It provides good access to downtown and the University of Ottawa.
Alta Vista: A suburban neighborhood known for its green spaces and family-friendly atmosphere. While it may require some commuting, it offers larger lots and a quieter environment.
Current Market Considerations:
As of November 2024, the Ottawa real estate market has seen an average home price of approximately $667,098, with single-family homes averaging $786,626. Townhouses have averaged around $582,892, and apartments approximately $422,570.
Given these figures, your budget of $800,000 positions you well for townhouses and some single-family homes in various neighborhoods, though competition remains high.
Recommendations:
Renting:
- Consider starting in neighborhoods like Hintonburg or Wellington West to experience the community and assess if it suits your family’s needs.
Buying:
- Monitor real estate trends and listings in your preferred neighborhoods.
- Be prepared for competitive bidding, especially in high-demand areas.
- Engage with a local real estate agent who can provide insights and assist in finding properties that meet your criteria.
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