Introducing Ottawa luxury living like you have never seen before! The Cathedral Hill Townhomes offer an experience of urban dwelling found nowhere else in the city.

Buyers can choose from the East and West homes, each with their own unique floorplans and features. Standing as the only residential street addresses on Sparks, the Cathedral Hill Townhomes are located within in a heritage district and surrounded by NCC land with protected views of the Ottawa River and Gatineau Hills. Residents also enjoy easy access to protected parklands, Ottawa River activities, and walking and cycling paths. These properties offer you the best of both worlds: the experience of downtown living with the benefit of living in a quiet, private corner of the city. Altogether, the Cathedral Hill Townhomes are located in one of the most desirable areas in our Nation’s Capital.

Created by Windmill Development Group, Canada’s greenest real estate developer, the Cathedral Hill Townhomes were built according to the highest standards in environmental responsibility and sustainability.

The Cathedral Hill Townhomes also offer these incredible features:

 

  • Integrated Access to Condo Tower Amenities
  • Exclusive Rooftop Terraces
  • Private Parking
  • Residential Elevators
  • Flexible Space
  • Expansive Floor Plans

Enjoy an exclusive 3-D virtual tour of the 416 Sparks home: http://www.cathedralhill.ca/townhomes_floorplans.php

Learn more about each of the floor plans: http://www.cathedralhill.ca/3d-town-tour.php

Six townhomes remain! Search the individual listings and contact Blue Panda within for more, including information about Windmill’s exclusive $30,000 discount offer.

Protecting your Investment (Part 1) Keep Track of Your Condo Board

If you’re researching condos for sale in the Ottawa area, your focus shouldn’t be limited to finding the perfect unit in the right neighbourhood. Buying a condo means that you are also investing in how well the condominium corporation’s board of directors is protecting your financial, legal and practical interests as well as those of all other condo owners.

One condo board, many responsibilities

The condo board—also known as the board of directors—is a group of people who have been elected by owners to represent them in all matters related to managing and funding the “common elements”—from the exterior of your unit to walkways, parking, landscaping, and trees. In general, the responsibilities of a condo board include:

  • creating an annual operating budget
  • developing a reserve fund plan
  • overseeing deposits to and withdrawals from the operating and reserve funds
  • collecting common expenses from owners
  • ensuring the common elements are maintained (impacting quality of life and curb appeal)
  • enforcing provincial laws related to condos, as well as condo-specific bylaws and rules
  • preparing the status certificate
  • hearing from and communicating with owners
  • hiring service providers, contractors and counsel as needed to help them fulfill these and other responsibilities

Having a good understanding of each of these duties will help you evaluate whether the condo board is meeting all of its commitments.

A poorly run condo board could have serious consequences

The condo board is the gatekeeper of your money and your home’s value. If the board is inexperienced, makes poor decisions or has different priorities than you do, you could be left with rising maintenance fees, unexpected special assessments, declining or neglected property standards, a mismanaged budget, lawsuits by owners against the condo corporation, and more. Study your condo board’s track record to help you decide whether it meets your expectations.

Ask owners what they think

If possible, talk to a few of the existing owners about the board.  What strengths and weaknesses do board members have? Do they keep owners informed about issues? Do owners feel comfortable approaching the board about concerns?  The answers you get will offer clues about whether the board is doing its job.

An even better way to protect your investment is to consider running for a seat on the condo board. In Part 2, we’ll discuss the benefits of holding such a position and the things you need to consider before taking that step.

BPR is your go-to online resource for up-to-date information about the condo market in downtown Ottawa—from Sandy Hill, The Glebe, and Centretown to Hintonburg, Westboro and Lowertown.  Its revolutionary design and user-friendly features offer you a new and exciting way to search for, buy and sell your next condo.  Co-founder and Team Lead of BPR, Max Damour, has leveraged his expertise in the Ottawa condo market to help gather all the facts you need to make smart real estate decisions.  

Protecting your Investment (Part 2) Run for a Seat on Your Condo Board

In Protecting Your Investment (Part 1): Keep Track of Your Condo Board, we discussed the importance of understanding a condo board’s responsibilities as well as the impact these individuals could have on your financial well-being and the future value of your investment. With so much at stake, you might consider running for a seat on your condo board. While there is definitely a learning curve when it comes to familiarizing yourself with the language and procedures, there are many benefits to holding such a position.

The Annual General Meeting and Voting

At the very least, you should attend your Annual General Meetings (AGMs) or request a proxy form so that your votes can still be counted. Although you have opportunities to register complaints or propose ideas for the condo board’s consideration throughout the year, the AGM will give you direct access to the board of directors and allow you to voice your thoughts in the presence of other owners regarding the financial, legal and practical decisions they are making on your behalf. Annual budgets are approved by owners at AGMs. This is also where condo board members are elected.

If you decide to purchase a condo, you may want to consider running for a seat on your condo board. You can be nominated in advance of the AGM or at the AGM. While there is definitely a learning curve when it comes to familiarizing yourself with the language and procedures of condo corporations, there are also many advantages to holding a board of directors position. As a condo board member, you’ll:

  • have the power to improve the value of your condo by fixing aging common elements and adding high-value features
  • be the first to know about problems, liabilities and upcoming major expenses
  • ensure the budget, operating fund and reserve fund are being properly managed
  • select or replace service providers and contractors who are competitively priced and meet the terms of their contracts
  • get to know, in detail, what priorities, issues and concerns residents have on an ongoing basis

Remember, though, that as a board member, you are representing all the owners in a condo, not just yourself. So be prepared to put your own feelings aside for the greater good of the corporation.

Add your voice to the board

Do not take this decision lightly, but don’t dismiss it either. Being a board member is an important job that impacts everyone in your condo. It can require a significant time commitment, but it’s a great way to stay informed and make sure that your asset maintains its value. If you want to help steer your condo in the right direction, take control of your future and give it a try!

BPR is your go-to online resource for up-to-date information about the condo market in downtown Ottawa—from Sandy Hill, The Glebe, and Centretown to Hintonburg, Westboro and Lowertown.  Its revolutionary design and user-friendly features offer you a new and exciting way to search for, buy and sell your next condo.  Co-founder and Team Lead of BPR, Max Damour, has leveraged his expertise in the Ottawa condo market to help gather all the facts you need to make smart real estate decisions.