Investing internationally in luxury condominiums offers a world of choice. The shopping trip is exciting. But many factors are at play when it is time to compare and ultimately make the best investment for your portfolio and lifestyle.
reResidences in Ottawa, Canada presents an interesting opportunity when compared with other Triple A Class condominiums in North America. Undoubtedly, it’s a Triple A location in a G7 capital city. The project uniquely sits in the prestigious Parliament District, and overlooks Canada’s federal Parliament Hill and the stunning Rideau River, for a view that is unrivalled in other markets. From the $400’s to over $4million+, reResidences represents excellent value compared to other Class A+ condominiums across North America where $50million is no price barrier at all and penthouses are over $100million.
But more than just the monetary yardstick is the value of the location on the world stage; a country with a stable government, enviable health care and excellent banking system outperforming many countries in times of stress; a welcoming place for new citizens to live; a city that is priced very competitively compared to other major Canadian cities and is home to the highest percentage of PhD’s, upper income earners, as well as diplomats and global business leaders along with other movers and shakers.
Whether a future residence for yourself or a place for a sound investment, the liveability of a real estate location is always key. Boasting a 98 Walk Score, reResidences is certainly in the centre of it all. Not only does the building offer exquisite lifestyle amenities that add to its desirability but the downtown location offers walkable transit, services, cultural amenities, medical clinics, entertainment, the heart of the financial district, and more.
Being downtown also provides easy access to transportation, whether by train to Montreal, Quebec and further afield as well as a planned direct OTrain link to Ottawa International Airport, offering flights to New York, Toronto and the world.
reResidences’ Sparks Street setting and proximity to Parliament Hill is a testament to the commitment of its developer, David Choo of Ashcroft Homes, who spent years in the planning process. He recognized that there will likely never be another opportunity to assemble this kind of property in the city’s highly regulated downtown neighbourhood along Sparks Street. Savvy buyers who know Ottawa will agree.
At the end of the day, the choice invariably comes down to the price-value equation. One size does not fit all at reResidences. What best suits one investor’s needs, preconceptions, desires and personal tastes are not universal but individual. There’s no place like home when it comes to expressing yourself. Ask those who have already purchased at reResidences and you will hear as many reasons to own as there are purchasers.