Pre-Construction Condos For Sale in Island Park
About Island Park's Pre-Construction Condos For Sale
Welcome to Island Park, a neighbourhood in the city of Ottawa with 2 Pre-Construction buildings with condos for sale. Pre-Construction condos for sale in Island Park spend an average of 188 days on market with an average sale price of $1,734,990 in 2020. 1 Pre-Construction condo units were sold in Island Park last year.
A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.
1451 Wellington, The Residences at Island Park Drive in Island Park was the most active Pre-Construction condo building in 2020 with 1 units sold in Island Park.
When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.
If you're looking for more Pre-Construction condo buildings in this area, the neighbourhoods Hintonburg and Civic Hospital are nearby. This neighbourhood is a Biker's Paradise with a bike score of 99. Good Transit is available in Island Park. Island Park is Very Walkable with a walk score of 76.
Island Park Condos For Sale
This is Island Park, a neighbourhood in the city of Ottawa with 6 condo buildings.These include 1 High-Rise, 1 Luxury, 2 Pre-Construction, 2 Mid-Rise, 1 Loft and 3 Low-Rise. Many condos for sale in Island Park feature excellent amenities perfectly located in Ottawa. Condos for sale in Island Park spend an average of 62 days on market. There were 6 condos sold in Island Park in 2020. Island Park saw an increase in the number of condos sold by 0% compared to the year before. Last year condos for sale in Island Park had an average sale price of $$444,233, an increase of 14% from the year before. This neighbourhood is Very Walkable with a walk score of 76. Good Transit is available in Island Park. This neighbourhood is a Biker's Paradise with a bike score of 99. Hintonburg and Civic Hospital are nearby neighbourhoods.
Island Park has many popular bakeries including Little Jo Berry's Bakery and blumenstudio. There are some great cafes in Island Park such as Little Jo Berry's Bakery, A Thing For Chocolate, and blumenstudio. There is cuisine from all over the world available at Herb & Spice Shop Wellington. Whether you are looking for brunch, a quick snack or a quality dinner Island Park has plenty of options like Supply and Demand and Stofa Restaurant. There is a surprising amount of green space with Fisher Park Playground in Island Park. Watson's Pharmacy and Compounding Centre is a conveniently located pharmacy in Island Park. Island Park has many local events taking place with AcrylArt.ca and Exposure Gallery, Ottawa catering to the arts scene. If you're a health and fitness fanatic, hopefully you are living in a condo building with a great gym. If not Wheelhouse Cycle WW is a super popular fitness center with locals. The school in Island Park is Elmdale Public School. Island Park has a very accesible train station Tunney's Pasture.
What to Expect
Island Park also known as Wellington Village is in the west end of Ottawa. It is bounded east by Holland Avenue, north by the Ottawa River, west by Island Park Drive and south by the Queensway.
Demographics
The demographic of this neighbourhood consists mainly family households.Tunney’s Pasture is a popular locale for embassies, consulates and diplomats. The streets are lined with stately, historic residences, most built between 1910 and 1940.
Lifestyle
Residents can walk and bike by the Ottawa River and parkway. The Ottawa Civic Hospital can be found nearby. Westboro and Little Italy are the nearby neighbourhoods that offer many restaurants, pubs, cafés and stores for just about anyone.
What you'll love
Easy access to the Queensway and Sir John A. Macdonald Parkway leading you directly downtown. Wellington Street offers many great restaurants and shops for just about anyone.
