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What $300,000 will Buy in… Ottawa

March 16th, 2006 · 12 Comments

[Picture of a house that will fetch $300,000 in Ottawa]

AllThingsFinancial started a meme about how much real estate can be bought for $300,000 (USD). Responses range from a tiny studio in Manhattan (with doubts about the existence of a washroom) to a palatial 3814 sq. ft. home in Indianapolis.

Houses in Canada’s Capital City tend to fall somewhere between the two extremes. After a quick search on MLS, I found this detached two-storey home listed for $315,900. Located within city limits, the property is on a 35 feet by 105 feet lot and has four bedrooms, 2.5 bathrooms and an unfinished basement. Other attractions of the house include hardwood floors on the living room and a gas fireplace in the living room.

Update: $300,000 doesn’t go very far in Vancouver.

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12 responses so far ↓

  • 1 AllThingsFinancial » Blog Archive » What $300,000 + Buys You in… // Mar 16, 2006 at 9:21 pm

    [...] Ottawa – via The Canadian Capitalist   [link]____________________________________________ [...]

  • 2 Investing Intelligently // Mar 17, 2006 at 9:26 am

    What $350,000 CAD Gets You in Vancouver

    All Things Financial thought it would be neat to “show you what $300,000 USD will buy you in various parts of the country.” So far there is one other Canadian entry in Ottawa, where $350k can buy you a nice house.
    I searched MLS.ca for any …

  • 3 Average Joe // Mar 18, 2006 at 10:29 pm

    That house would probably be listed at $400k in my neighbourhood in Ottawa.

    However, the one thing I have noticed is that houses in my area are no longer moving. For sale signs have been up for a long time. Some come down and were never sold.

    There is a very definite slow down in the real estate market in Ottawa. Is the bubble bursting?

  • 4 Michael G. Richard // Mar 18, 2006 at 10:56 pm

    Here in Gatineau (Quebec’s side of the Ottawa river) $300,000 can get you a *really* nice place.

  • 5 Chris // May 20, 2006 at 9:14 am

    Don’t be fooled about buying in Gatineau. Sure, it’s cheaper than Ottawa, and inventory levels are high. But the taxes will kill you; infrastructure is a joke; and best of luck trying to sell easily: net worth in Quebec is the lowest in Canada; most Quebecers rent; and if you are English, try not to be around when the place is being showed: it might lessen your chances of a sale.

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  • 8 Alex Ell // Jul 25, 2006 at 2:53 am

    Hi,

    Great post, thanks.

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  • 12 Pete // Nov 7, 2006 at 12:17 pm

    This bubble will burst. The real-estate prices in some areas in Canada are not going to last IMHO ….

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