Real Estate

Ottawa and Surrounding Area Real Estate market discussion

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Member
Jun 11, 2013
261 posts
252 upvotes
Toronto
Zero Hope wrote: Its funny how this narrative of "prime" location changes over the years. I remember back in 2012, I was posting on buildinghomes (http://www.buildinghomes.ca/community/f ... hp?t=19072) along with many others who shared the same sentiments, that Arcadia is in a crappy location (low elevation, swampy, no access via Campeau (going on 8 years), close to the dump, etc. Personally I feel this area is very wet/damp because my parents lived in RR and when I drove down via Kanata Ave to the Terry Fox intersection, there was always fog/dew collecting at the location of Minto Arcadia (its much lower than RR so all the condensation sits there).

Funny how in 2020, people are valuing Arcadia as prime land lol. Full disclosure though, we bought a precon investment town in Arcadia back in Feb 2020.

I wouldn't buy to live there myself personally. I'm more interested in the RR releases coming eventually.
What is RR?
Deal Addict
May 23, 2017
1358 posts
1343 upvotes
Zero Hope wrote: Its funny how this narrative of "prime" location changes over the years. I remember back in 2012, I was posting on buildinghomes (http://www.buildinghomes.ca/community/f ... hp?t=19072) along with many others who shared the same sentiments, that Arcadia is in a crappy location (low elevation, swampy, no access via Campeau (going on 8 years), close to the dump, etc. Personally I feel this area is very wet/damp because my parents lived in RR and when I drove down via Kanata Ave to the Terry Fox intersection, there was always fog/dew collecting at the location of Minto Arcadia (its much lower than RR so all the condensation sits there).

Funny how in 2020, people are valuing Arcadia as prime land lol. Full disclosure though, we bought a precon investment town in Arcadia back in Feb 2020.

I wouldn't buy to live there myself personally. I'm more interested in the RR releases coming eventually.
Fair points. The Campeau access road has been a long time coming and I feel bad for people who bought in early phases expecting it to happen soon, but I think progress is starting finally so people buying now shouldn't have to wait long for it.

I read about the dump too but also read somewhere that someone mentioned due to the wind direction, people in Arcadia don't actually get much of the smell and it affects communities southeast of the dump more? (Like Poole Creek and Fairwinds.) Not sure if true.

Re: swampy land, also true but nowadays half or more of the new communities are basically built on "swampy" land (see also: Avalon in Orleans, Findlay Creek, Barrhaven South). There are horror stories of course (e.g. Orleans) but generally it seems like builders do a decent job building up the land to prevent issues since I don't hear too much complaints from people buying in these communities.

Overall in terms of the new communities available, I still prefer Arcadia over what else is out there (I don't own anything there though). But, I personally really value proximity to amenities and highway when choosing my locations.

I am keeping an eye on RR as well, but find the location (the new phase 4 releases anyways) a bit too far from the highway and shopping for my liking...just personal preference. Still debating on that.
Deal Addict
May 23, 2017
1358 posts
1343 upvotes
crucial1 wrote: What is RR?
Richardson Ridge in Kanata Lakes.

I'm also thinking about the potential new communities Minto and Richcraft may be building in Kanata Lakes, if the golf course court battle goes their way. I definitely think that will be prime location...although, less so than now since the golf course will be gone and there will be much more traffic/congestion with all the additional new builds. Not sure if it will still be as nice a community once all the development occurs.
Member
Jun 11, 2013
261 posts
252 upvotes
Toronto
Thanks for the info, I am looking to buy a pre constructions soon in the Kanata area so this is helpful. Any ideas on when those new builds might be going on sale?
Sr. Member
Oct 22, 2007
651 posts
530 upvotes
crucial1 wrote: What is RR?
RR is "Richardson Ridge", and it'll be the ONE last pure PRIME location in Kanata Lakes area. Builders are mainly Uniform Urban, Cardel, Richcraft, Urbandale + etc. Also a.k.a, KNL too.
FYI see this link from City of Ottawa's Application file! Have fun!

http://webcast.ottawa.ca/plan/All_Image ... ionale.PDF
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Member
Jun 11, 2013
261 posts
252 upvotes
Toronto
Looks like a pretty nice area...probably going to be a hefty premium on those places
Deal Addict
Jul 7, 2007
1722 posts
1559 upvotes
jk9088 wrote: Richardson Ridge in Kanata Lakes.

I'm also thinking about the potential new communities Minto and Richcraft may be building in Kanata Lakes, if the golf course court battle goes their way. I definitely think that will be prime location...although, less so than now since the golf course will be gone and there will be much more traffic/congestion with all the additional new builds. Not sure if it will still be as nice a community once all the development occurs.
Heres the project proposal, if it happens. If the city green lights this, I can imagine the developers throwing out this proposal out the window and further packing in the density.

https://kanatapossibilities.ca/project-proposal
https://kanatapossibilities.ca/uploads/ ... s-v2_4.jpg
https://kanatapossibilities.ca/uploads/ ... 2_LR_4.jpg
https://kanatapossibilities.ca/uploads/ ... LR_PED.jpg
https://kanatapossibilities.ca/uploads/ ... 2_LR_6.jpg
Sr. Member
Oct 22, 2007
651 posts
530 upvotes
Zero Hope wrote: Its funny how this narrative of "prime" location changes over the years. I remember back in 2012, I was posting on buildinghomes (http://www.buildinghomes.ca/community/f ... hp?t=19072) along with many others who shared the same sentiments, that Arcadia is in a crappy location (low elevation, swampy, no access via Campeau (going on 8 years), close to the dump, etc. Personally I feel this area is very wet/damp because my parents lived in RR and when I drove down via Kanata Ave to the Terry Fox intersection, there was always fog/dew collecting at the location of Minto Arcadia (its much lower than RR so all the condensation sits there).

Funny how in 2020, people are valuing Arcadia as prime land lol. Full disclosure though, we bought a precon investment town in Arcadia back in Feb 2020.

I wouldn't buy to live there myself personally. I'm more interested in the RR releases coming eventually.
I fully agree. Last night we could see the huge fog was covering all over the Arcadia community starting from Carp river conservation area. It was beautiful, though. Minto was raising the whole Arcadia area with tons of dirt and gravels last few years, because it's way too low in elevation and flood risk was too high.
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Deal Addict
May 23, 2017
1358 posts
1343 upvotes
crucial1 wrote: Thanks for the info, I am looking to buy a pre constructions soon in the Kanata area so this is helpful. Any ideas on when those new builds might be going on sale?
I believe they have already started blasting work to prep for the new phase so sales should start soon. According to Cardel's website they are releasing phase 4 in spring 2021. Not sure if Uniform will be doing the same.
Deal Addict
Jul 7, 2007
1722 posts
1559 upvotes
jk9088 wrote: I believe they have already started blasting work to prep for the new phase so sales should start soon. According to Cardel's website they are releasing phase 4 in spring 2021. Not sure if Uniform will be doing the same.
For singles, Cardel is only releasing 42 feet lots in RR, if anyone was considering.
Last edited by Zero Hope on Oct 14th, 2020 11:21 am, edited 1 time in total.
Deal Addict
May 23, 2017
1358 posts
1343 upvotes
Zero Hope wrote: Heres the project proposal, if it happens. If the city green lights this, I can imagine the developers throwing out this proposal out the window and further packing in the density.

https://kanatapossibilities.ca/project-proposal
https://kanatapossibilities.ca/uploads/ ... s-v2_4.jpg
https://kanatapossibilities.ca/uploads/ ... 2_LR_4.jpg
https://kanatapossibilities.ca/uploads/ ... LR_PED.jpg
https://kanatapossibilities.ca/uploads/ ... 2_LR_6.jpg
Yeah I've been tracking their site, and also wondering what the final site plan will look like. And wondering how long the legal battle will take--could be several years before this development starts (if it even does) depending on how long that fight takes in the courts.

I think Kanata Lakes is great community to live in now but hard to say what it'll look like after it gets redeveloped and transformed.
Last edited by jk9088 on Oct 14th, 2020 11:19 am, edited 1 time in total.
Sr. Member
Oct 22, 2007
651 posts
530 upvotes
crucial1 wrote: Looks like a pretty nice area...probably going to be a hefty premium on those places
Most likely. Townhomes may be starting high 600k to 700k, singles may be in high 800k to over 1M. Lot premiums will be unbelievable for the south facing lots backing on green space, such as beaver pond and kizzel pond side.
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Newbie
Oct 13, 2020
2 posts
Looks like a lot of builders are now building on wet land and near landfill sites. Caivan's Ridge and Minto's Quinn's Pointe Barrhaven are even closer to the Trail Road dump site. Regarding wet land of Arcadia what I am thinking is that maybe I don't need to worry about radon which seems to be a long-lasting problem in higher areas of Kanata?
Deal Addict
May 23, 2017
1358 posts
1343 upvotes
notaboy wrote: Looks like a lot of builders are now building on wet land and near landfill sites. Caivan's Ridge and Minto's Quinn's Pointe Barrhaven are even closer to the Trail Road dump site. Regarding wet land of Arcadia what I am thinking is that maybe I don't need to worry about radon which seems to be a long-lasting problem in higher areas of Kanata?
Yes, unfortunately there is not too much "ideal" land left in Ottawa (with the best lands built up already) so most new communities will likely have some undesirable features (dumps, swamps, hydro lines, or located quite remotely).

Regarding radon: I believe it is a recent requirement that all new homes constructed in Ontario must ensure radon levels are acceptable and they must include radon mitigation systems if necessary. You will also be covered under Tarion for radon levels, so if they are too high you can get the builder to pay to install further systems if required. So overall I wouldn't worry too much about that if you are buying a new build.
Last edited by jk9088 on Oct 14th, 2020 11:34 am, edited 2 times in total.
Jr. Member
Sep 23, 2014
192 posts
186 upvotes
Ottawa, ON
jk9088 wrote: I think Kanata Lakes is great community to live in now but hard to say what it'll look like after it gets redeveloped and transformed.
Will the new proposed golf course development have a big impact on the whole community outside of the houses that directly back up on the course? I understand that adding more homes will cause increased traffic and school population, bit I think if you're away from the golf course the impact should be minimal since you would use Terry Fox for ingress/egress.
Deal Addict
May 23, 2017
1358 posts
1343 upvotes
Hanimal wrote: Will the new proposed golf course development have a big impact on the whole community outside of the houses that directly back up on the course? I understand that adding more homes will cause increased traffic and school population, bit I think if you're away from the golf course the impact should be minimal since you would use Terry Fox for ingress/egress.
I'm definitely a bit concerned about whether the existing road infrastructure etc. will properly handle a huge boom in population when it wasn't originally designed for so many people. Kanata Lakes is a nice, quiet community now, not sure if that will stay the same.

You're right that for example the newer areas and Richardson Ridge may not be affected because people generally use Terry Fox as the main road anyways, but the new proposed developments will be exiting onto Campeau, Knudson, Kanata Ave etc. which aren't big streets and not designed for heavy traffic.
Sr. Member
Jul 15, 2019
724 posts
588 upvotes
This townhome sold for $401K in Rockland last week.

https://www.redfin.ca/on/clarence-rockl ... /168841827

It's being put up for rent at $2K, based on the ad I saw. Based on that it looks to be very minimally being cashflow positive. What's the rental market like in Rockland? Is there demand for 3bed townhomes out there for $2K a month?

I was looking at these townhomes back in Jan-Feb and the base price for a new build was $295K.

Identical unit sold a few weeks before for $385K.
Deal Addict
Nov 26, 2004
4460 posts
4122 upvotes
freeman93 wrote: This townhome sold for $401K in Rockland last week.

https://www.redfin.ca/on/clarence-rockl ... /168841827

It's being put up for rent at $2K, based on the ad I saw. Based on that it looks to be very minimally being cashflow positive. What's the rental market like in Rockland? Is there demand for 3bed townhomes out there for $2K a month?

I was looking at these townhomes back in Jan-Feb and the base price for a new build was $295K.

Identical unit sold a few weeks before for $385K.
I think that's the mystery to a lot of us on this board, we don't know what's the rental market is like in the exurb.

I have been following the rentals prices in Carleton Place, and they are only $100-200/month cheaper than what a similar property in Kanata will rent for. And I will like to think the price gap between Rockland and Orleans is approximately the same.

What's interesting is I do see the rental ads in Carleton Place disappearing, so either the owner decide to leave the unit vacant or they found a tenant renting the home close to their asks usually within a month of the ads being posted.
Sr. Member
Jul 15, 2019
724 posts
588 upvotes
William W wrote: I think that's the mystery to a lot of us on this board, we don't know what's the rental market is like in the exurb.

I have been following the rentals prices in Carleton Place, and they are only $100-200/month cheaper than what a similar property in Kanata will rent for. And I will like to think the price gap between Rockland and Orleans is approximately the same.

What's interesting is I do see the rental ads in Carleton Place disappearing, so either the owner decide to leave the unit vacant or they found a tenant renting the home close to their asks usually within a month of the ads being posted.
I know my brother has two townhomes in Carleton place and has never had issues renting them out, of course his tenants have been there since before covid struck.

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