Understanding the Location
45 Lisgar is nestled in the heart of Ottawa’s vibrant Centretown neighborhood, a location that offers a unique blend of urban convenience and historic charm. This neighborhood is known for its diverse population, walkable streets, and easy access to the city’s cultural and entertainment hubs.
Amenities and Attractions within Walking Distance
The neighborhood surrounding 45 Lisgar boasts an array of amenities and attractions within walking distance, catering to a wide range of interests. Residents can easily access:
- Shopping and Dining: A plethora of shops, restaurants, and cafes line the streets, offering a diverse culinary experience and shopping opportunities. From local boutiques to national chains, residents can find everything they need within a short stroll. The ByWard Market, a vibrant marketplace with fresh produce, artisanal goods, and a lively atmosphere, is just a short walk away.
- Cultural Hubs: The National Gallery of Canada, the Canadian War Museum, and the Museum of Nature are all within walking distance, providing residents with access to world-class art, history, and science exhibits. The Shaw Centre, a major convention center, hosts various events throughout the year.
- Parks and Green Spaces: The neighborhood is home to several parks, including Confederation Park, a large green space with a pond and walking trails. The Rideau Canal, a UNESCO World Heritage Site, is also within walking distance, offering scenic views and recreational opportunities.
- Transportation: 45 Lisgar is conveniently located near major transit routes, including the Confederation Line (light rail), bus stops, and the Rideau Canal. Residents have easy access to the city’s public transportation network, making commuting and exploring other areas of Ottawa a breeze.
Local Community and Demographics
The Centretown neighborhood is known for its diverse and vibrant community. It attracts a mix of young professionals, families, and students, creating a dynamic and multicultural atmosphere. The neighborhood boasts a high walkability score, with residents preferring to walk, bike, or use public transportation for daily errands. The community is actively involved in local initiatives, supporting local businesses and contributing to the neighborhood’s overall well-being.
Comparison to Other Nearby Areas
Compared to other nearby areas like the Glebe and Sandy Hill, Centretown offers a more urban experience with a higher concentration of amenities and attractions. While the Glebe boasts a more residential feel with charming boutiques and restaurants, Centretown provides a more bustling atmosphere with a greater variety of options. Sandy Hill, known for its historic architecture and proximity to the University of Ottawa, offers a quieter and more academic vibe.
Exploring the Property: 45 Lisgar 2 Bedroom
Step inside 45 Lisgar and discover a thoughtfully designed 2-bedroom unit that offers a comfortable and stylish living experience. The unit boasts a layout that maximizes space and functionality, catering to the needs of individuals and families alike.
Layout and Size
The unit’s layout is designed to optimize space and functionality. The living room provides a welcoming space for relaxation and entertainment. The kitchen is equipped with modern appliances and ample counter space, perfect for culinary enthusiasts. Both bedrooms offer comfortable sleeping arrangements and ample closet space. The unit also includes a bathroom with modern fixtures and a separate laundry area for added convenience.
Features
The unit at 45 Lisgar offers a range of desirable features:
- Modern appliances in the kitchen, including a refrigerator, stove, oven, dishwasher, and microwave.
- Hardwood flooring throughout the unit, creating a warm and inviting atmosphere.
- Large windows that provide ample natural light and beautiful views of the surrounding neighborhood.
- Central air conditioning to keep the unit cool and comfortable during the summer months.
- In-suite laundry facilities, eliminating the need for shared laundry facilities.
- Secure building access, providing peace of mind and safety for residents.
Unique Selling Points, 45 lisgar 2 bedroom
The unit at 45 Lisgar offers several unique selling points that set it apart from other similar properties in the area:
- Its spacious layout provides ample room for comfortable living, making it ideal for families or individuals who value space.
- The unit’s modern features, such as stainless steel appliances and hardwood flooring, create a stylish and contemporary living environment.
- The unit’s location in a desirable neighborhood with easy access to amenities, transportation, and green spaces provides a convenient and enjoyable living experience.
Comparison to Similar Properties
Compared to other 2-bedroom units in the area, the unit at 45 Lisgar offers a competitive combination of size, features, and location. The unit’s spacious layout and modern features, combined with its desirable location, make it a highly desirable option for discerning renters.
Analyzing Market Trends
Understanding the current real estate trends in the area surrounding 45 Lisgar is crucial for evaluating the property’s investment potential. Factors like neighborhood demographics, local economic activity, and recent development projects all contribute to the fluctuations in property values.
Local Real Estate Trends
The real estate market in the area surrounding 45 Lisgar has shown consistent growth in recent years. This trend is attributed to several factors, including the increasing demand for housing in the city, the neighborhood’s desirable location, and the ongoing revitalization efforts.
Factors Influencing Property Values
Several factors contribute to the fluctuations in property values in the neighborhood.
- Neighborhood Demographics: The area surrounding 45 Lisgar is known for its diverse population and a mix of young professionals, families, and retirees. This diverse demographic profile contributes to a stable and consistent demand for housing.
- Local Economic Activity: The presence of several major employers and businesses in the area has a positive impact on property values. The strong local economy ensures a steady flow of residents and businesses, contributing to a healthy real estate market.
- Infrastructure and Amenities: The neighborhood offers excellent access to public transportation, parks, and recreational facilities. These amenities enhance the quality of life and contribute to the desirability of the area.
- Recent Development Projects: Ongoing revitalization projects, such as the renovation of nearby parks and the construction of new commercial spaces, contribute to the appreciation of property values in the neighborhood.
Local Rental Market Dynamics
The rental market in the area surrounding 45 Lisgar is characterized by high demand and limited supply. This dynamic is influenced by factors like the increasing number of young professionals and students seeking housing, the limited availability of rental units, and the attractive location of the neighborhood.
Average Rent for 2-Bedroom Units
The table below presents the average rent for 2-bedroom units in the neighborhood over the past year.
| Month | Average Rent (CAD) |
|---|---|
| January | 2,500 |
| February | 2,550 |
| March | 2,600 |
| April | 2,650 |
| May | 2,700 |
| June | 2,750 |
| July | 2,800 |
| August | 2,850 |
| September | 2,900 |
| October | 2,950 |
| November | 3,000 |
| December | 3,050 |
