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What kind of house can $500,000 buy you?

Ottawa
Ottawa

Ottawa

Listing Price: $478,000 Size: n/a Bedrooms: 4 Bathrooms: 3 Extras: In the heart of the Glebe

Tags housing / housing market / real estate / recession /

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  • Al

    What’s not a joke and will make a nouveau riche is that it’ll be rented out to a 100 students paying an arm and a leg. So small rooms is a benefit and with the numbers living their it’ll be heated with body heat. Sadly enough, with the purchase price down and the rents up it’s a win-win for one snoot.

  • Angela K

    By the way “extras” = being in the heart of the Glebe is a joke.
    It’s full of nouveau riche and snooty people who make too much money for a poor job. Overrated neighborhood if there is ever one.

  • tim

    This house does not represent where most people live in Ottawa, the burbs.

  • Gerry O

    half-a-mill for half-a-house. Small rooms. Costly to heat.

  • Chris B

    Snooty? Poor job? nouveau riche? Is that jealousy or objectivity talking?

  • DL

    I couldn’t disagree more. Some people like the idea of real neighbourhoods. When suburbs, malls, and big box stores started taking over, full neighbourhoods disappeared or became rundown due to lack of customers.

    The Glebe, and Westboro, represent a return to the neighbourhood model. It is a blessing for those who like to walk to nearby shops, get to know the people around them, and be able to find their house without looking at the numbers. There is a reason these places are trendy. It’s something that’s been missing.

    It has nothing to do with being rich or snooty. I lived in an apartment in the Glebe as a poor student and loved it. Being somewhat well off is simply required just to afford the houses because they are urban, as in any city. After living in cloned row houses over the years I am happy to move into a beautiful old brick semi near Wellington and we can walk to neighbourhood shops and buy local food at the Parkdale market. I realize it’s not for everyone, but I’d take it over Bridleweed or Farhaven any day and the walk is shorter than it takes to walk past all the SUVs in the parking lots of suburban sprawl malls and supermarkets.

  • Ali

    I totally agree, this does NOT accurately represent the housing market in Ottawa…poor choice!

  • http://rtheygood.blog.com Bloagsat

    Glebe is one of the three most trendy neighbourhoods in Ottawa (surpassed only by Rockliffe) and is definitely NOT a good example of the average price of housing in Ottawa.

    Most Ottawans live in either Kanata, or Orleans, or Barhaven (on the outskirts) and 500k would easily buy you a house that is 3000 + sq feet.

    The house we live in is in Beacon Hill, is a modern two story detached house with a two car garage that backs onto a park and sold for 320k.

  • DAvid

    The people commenting here should understand that it is listing what 500k can get you IN the city, not in the suburbs. In the suburbs of any city you can get nice homes for less than downtown.

  • http://omgsean.com Sean

    My cousins used to live in Kanata. It’s definitely not worth taking pictures of.

  • Chris B

    And, it is a myth that “most” Ottawans live in the outer suburbs (Kanata, Barr Haven, Orleans and Riverside S). As a point of fact a little more than 35% of all Ottawans live in these suburbs, with the rest residing inside the greenbelt.

    And as the city has now pointed out, the lower prices in the outer suburbs are subsidized by ratepayers inside the city. One of those “snooty” Glebe residents pays around $4200 in property taxes and receives ~$2300 in services, whereas the suburban houses pay on average $3000 in property taxes nd receive about $3300 in services.