Sometimes it’s the little things that make all the difference, but at Zibi, it’s more than just a few distinctions. What makes Zibi unique? First, it’s not “just condo buildings”. Zibi is the revitalization and redevelopment of 37 acres of industrial land into a mixed use community of residential, retail, commercial and public spaces on waterfront land that has been inaccessible to the general public for over 200 years. No small feat. Second, it aims to change the development landscape and usher in a new era of sustainable construction, becoming Canada’s first One Planet Community*. A game changer, indeed.

 

This new sustainably-designed community will completely revitalize the downtown Ottawa/Gatineau waterfront thanks to a landmark partnership between Windmill Development Group and Dream Unlimited Corp, as well as the City of Gatineau, the City of Ottawa, The NCC, both provincial governments, and more importantly the regional Algonquin Anishinabe community. Never in the National Capital region have we witnessed such an ambitious and revolutionary project.

 

While the project as a whole will span a 15-year timeline, you can already be a part of history by purchasing a unit in one of two residential buildings that have already launched.

 

Waterfront living at O

 

Comprising of 70 residential units and ground-floor retail space, this Rubin & Rotman Architects 6-storey masterpiece will permanently change the Ottawa River landscape. Offering incomparable views of the Ottawa River, the Parliamentary district and Zibi’s linear park, all while centrally located, O is a city-dwellers dream. With creative floor plans that appeal to every lifestyle and budget, O really is the perfect combination of form and function.

*The city of Gatineau is offering O purchasers a 50% tax-rebate for the first 8 years.

Island living at Kanaal

 

While Gatineau’s first residential building boasts an enviable river waterfront, Kanaal residents will have nothing to be jealous about. Bordering the historical Buchanan Channel, the 6-storey, 67-unit construction by Barry J. Hobin & Associates Architects Inc. combines urban stacked townhouses and luxury condos for one of Ottawa’s most unique residences. Inspired by Dutch canal homes, but with a resolutely Canadian twist, Kanaal will feature the project’s only private waterfront terraces and some of the largest outdoor living spaces on the market.

 

The new standard

 

At Zibi, high quality features and finishes aren’t considered upgrades, they’re the new standard. Which is why all units at O and Kanaal include base features and finishes that you shouldn’t have to pay more for, including:

 

  • Quartz or granite kitchen countertops;
  • Sustainable, NAUF, low VOC materials for a healthier indoor environment;
  • Energy Star certified appliances;
  • Engineered hardwood flooring in all living spaces;
  • Porcelain or ceramic tiles in all washrooms;
  • 9’ + ceilings throughout the unit;
  • Water efficient plumbing.

 

A tale of two cities

Everyone knows that rule #1 when it comes to real estate is location, location, location. And Zibi has the distinct advantage of being at the heart of two separate cities’ downtown cores. On the Gatineau side of the Chaudière bridge, you have the famous Quebecois joie de vivre on full display: art galleries, bistros, concert venues, wine bars, all represented. On the Ottawa side, Zibi is just steps from the exciting LeBreton Flats redevelopment project**, the new LRT system, the Parliamentary district, museums and vibrant neighbourhoods such as China Town, Little Italy and Hintonburg. All these elements will soon come together to create a brand new Ottawa core.

With a WalkScore of 91, you’ll never be more than a short walk away from all your necessities while still surrounded by water and green spaces. Zibi is where nature, culture, heritage and the joys of life culminate.

 

 

* Read more about One Planet living at http://www.zibi.ca/sustainability/

 

**Read more about what the LeBreton Flats revelopment means to Zibi: http://www.zibi.ca/what-the-lebreton-flats-redevelopment-means-to-zibi/

 

Floorplans, images and full details at zibi.ca

The Eddy is a building that is a perfect complement to Hintonburg – eclectic, sustainable, mixed-use and award-winning. The Eddy is not a project that could exist in Barrhaven or Orleans, and for that matter wouldn’t be right in The Glebe or Manor Park. It is a building that speaks proudly to its neighbourhood, and is sure to become an icon of ‘Hintonburgness’ for decades to come.

 

The first thing that strikes people about The Eddy is the arresting architectural design. Bold angles and colours in a compact six-story form ensure The Eddy draws attention. Online commentary calls it ‘cool and funky, just like Hintonburg’, ‘one of my favourite new condo builds’, ‘a beautiful statement piece’, ‘completely different’, and ‘rather orange’. The Eddy is a building for people who don’t want cookie-cutter, aren’t afraid to be unique, and have something to say.

 

What you can’t see are the design features that make this one of the most environmentally friendly condominium buildings in the country. Heating and cooling is provided by geoexchange (geothermal). Rooftop vegetable growing plots provide a community amenity. Materials were chosen carefully to ensure optimal indoor air quality and a light ecological footprint. The building is on target to achieve LEED Platinum status, the highest level in the LEED rating system.

 

Resting proudly in the heart of Hintonburg, a short stroll confirms all the reasons that this area has been recognized as one of the best neighbourhoods in the City. Hintonburg is a foodies paradise, with some of the best food and beverage establishments in the City. Walk to everything, including a community centre, an arena, great shopping, restaurants, cafes and so much more. With a Walkscore of 93, and a bike score of 99, you can easily access all of your needs without having to get in the car.

 

If you do need a car, The Eddy has a ground-breaking puzzle parking system. This automated valet parking system was a first in Ontario, bringing over proven Dutch technology. This system reduces emissions in the building as cars are generally not running in the garage. Because cars are not running in the garage, ventilation and lighting requirements are less.

 

Only four units are available in this unique gem. Surprisingly, some of the best units have been saved for last, just waiting for the right buyer. To book an appointment to see these one of a kind units please call Max Damour at 613-867-0659 or Irina Popova at 613-883-2513.

 

Introducing the Mechanicsville Lofts – An Industrial Take on Contemporary Luxury

Ottawa, you haven’t seen anything like this before. Hard.Loft.Life.

Introducing the Mechanicsville Lofts – a development by ModBox, Ottawa’s leading modern real estate development company. The Mechanicsville Lofts consists of a collection of six industrial and refined units located at 92 Stonehurst Ave in Mechanicsville, a neighbourhood that is quickly developing in the footsteps of its nearby communities including Hintonburg, Wellington West, and Westboro. Here at Blue Panda, we are proud to be working with ModBox to bring these six amazing lofts to the market.

This project takes inspiration from the true hard lofts of Manhattan in New York City and some of the contemporary soft lofts in Toronto and Montreal. The Mechanicsville Lofts offers the best of both worlds: an entirely new build with all the elements of true hard lofts plus the comforts and efficiencies of well-built, modern dwellings. The development offers a unique, industrial take on contemporary luxury.

SPECS:

  • Ready to move in by 2017, prices start at $550,000.
  • The architects at Linebox Studio Mechanicsville Lofts have configured each floor plan to maximize the space available while maintaining the openness inherent in lofts. Each unit faces Laroche Park. The upper units and shared rooftop terrace have gorgeous views of the Ottawa River and Parliament. Owners have the option of configuring units in the following styles: open concept, 1 bedroom + den, or 2 bedroom.
  • 10’-6” ceilings
  • Elevators that open directly into the units,
  • Radiant heated polished concrete floors throughout
  • Please visit Mechanicsville Lofts for more information on ModBox’s use of the highest quality contemporary appliances, finishes, as well as their alignment with industry-leading sustainability initiatives

LOCATION:

  • Mechanicsville is in close proximity to Hintonburg, Wellington West, and Westboro. These areas allow residents to easily enjoy many shops, boutiques, restaurants, arts, culture, and music. The neighbourhood has a quietness about it with a truly residential feel. Residents will get the benefits of living close to bustling and trendy neighbourhoods without the noise and traffic that goes along with them.
  • Choosing where to build is an important first step in any sustainable building project. The Mechanicsville Lofts is located in a highly walkable neighbourhood with easy access to numerous points of interest including Parliament, retail stores, restaurants, a hospital, schools, pathways, and public transit.
  • The new Bayview Light Rail Station will be located just a few blocks away from The Mechanicsville Lofts. Set for completion in 2017, it will serve as the meeting point between the east-west Confederation Line and the north-south Trillium Line, making the surrounding area an extremely desirable place to live. Easy access to the city’s public transportation helps to lower the carbon footprint of each resident.

Capital Hall: An investment in our future in more ways than one

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You’re imagining a world where you can wake up in the morning, smell the coffee, check your investment in a condo and not have to worry about managing it, leasing it or even the cleanliness of it. No, this is not utopia. This is reality. And it can very well be your reality in as very little as three years.

Whether you’ve always considered investing in a condo and have had a lump sum of cash burning a hole in your bank account, or you’ve just recently decided it was time to make a smart financial decision, this could not have been a better time. An investment idea that surpasses many of the ones you may have encountered in the past will tickle you pink: Capital Hall in Ottawa – made for university students as convenient luxury housing.  This is not a simple condominium, it is truly a community of its own.

Designed by M.David Blakely Architect Inc. and created by Ashcroft Homes, this 27-storey brick and stone beauty located at the heart of little Italy is made purposefully to cater to the ever-growing college student population of Carleton University. The numbers don’t lie! They show that over 24,000 of its students cannot find housing on campus. With a growth rate of 18% in the past decade, and no stopping in the horizon, a need for over 500 new beds is created every year! When it comes down to it, a solid investment requires the old adage of supply and demand. Well, in this case, there is no shortage of the demand as students register to the university in overwhelmingly large numbers year after year.

Where do you come in? If you do the simple math – by owning a furnished ready-to-rent condo and leasing it out to this never-ending flow of student population, your cash-flow opportunities are endless and you can sit back and high five yourself for a well-made calculation. Put that aspirin away, as no headaches will plague you with this straightforward investment! That’s right. If you invest today, there is a three-year leaseback fully managed by Envie®, a property management company and one of the 5 partners in this incentive. Trends show that there is a steady growth in real estate prices. If you’ve been waiting to invest, there are no more valid excuses.

“Well, what do I do after three years?” – you ask? Thrdownload (1)ee words for you: Location. Location.
Location. 

With a tantalizingly short travel distance to Carleton University, there is no lack of interested occupants. Due to this laughably easy 4-6 minute commute that includes a mere 2 minute O-train ride to Carleton University, these students will be able to get to the University faster than it takes them to purchase a textbook online. Combine that with an immense amount of prospective renters and you’ve got yourself a winning formula!

This 329 unit building is currently in preconstruction at 101 Champagne Avenue South and with a scheduled occupancy date of March 2018. The sales for the available 1 bedroom and 2 bedroom (the latter with the option of two bath) units range in price from $179,990 (with monthly leaseback of $1,145) to $339,990 (with monthly leaseback of $2,200).

The indoor common areas where students can lounge and get active

The Goods:

Amenities

  • 3 years guaranteed rental income 
  • Fully furnished student condominiums
  • Professionally cleaned once per month 
  • Free assignment, capped development charges and deferred deposit available
  • A 24 hour concierge managed by Envie ® and 24 hour closed circuit camera system
  • 8,000 sq.ft. of amenities including a penthouse kick-back lounge, game room, and stylish lobby lounge
  • Fitness room and bike storage
  • A ground floor retail zone of 4000 sq.ft with groceries, coffee and shops
  • Over 70,000 sq.ft. of direct access to outdoor amenity space including: 13,726 sq.ft of outdoor landscaped courtyard and 56,726 sq.ft. of Tremblay Park

Deposit structure

  • 3,500$ on signing
  • Balance to 5% in 30 days, 5% in 120 days, 5% in 270 days
  • 5% on Occupancy

Maintenance fees : $0.41 Per Sq.Ft. per Month (include Wi-Fi, Heating/Air Conditioning, Water, Upkeep of common areas, building insurance & reserve fund contribution)

A preview of what to expect of the spacious outdoors surrounding Capital Hall

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Worried about the college partying affecting your investment? Capital Hall has thought of it all. It has been designed to be more conducive to driven and academically successful students.

From the looks of it, the biggest problem you may face could be that once those students graduate, they might not want to leave. This may sound prophetic, but I imagine that we will see a growing trend of students going down the path of graduate and post-graduate education.

For more information, contact us at info@bluepandarealty.com or call 613.422.5834 

Downtown Condo vs. Suburban Townhouse; Think You Know What’s Cheaper?

It’s a rite of passage for young professionals- student loans are dwindling, careers are taking off, and many begin to dream of owning their first home. Most folks work downtown in urban centres, but being within walking distance of the office means a much higher baseline price for starter homes. A condo downtown seems like a good compromise, but the monthly condo fees scare away a lot of buyers. As a result, lots of families turn to the suburbs for their first home, seeing it as the only way to make the leap from renting to owning. But have you ever actually sat down and crunched the numbers?

Let’s imagine two couples- John and Jamie, an architect and high-school teacher, who purchase a $350 000 condo in the Centretown neighbourhood.  Our comparison couple is Michelle and Brad; she a federal public servant and he, a police officer. They choose a townhouse of the same value, in a new development in Orleans.

The most obvious cost differential between the condo and the home in the ‘burbs is the added burden of commuting to work. Public transit will cost over $100 a month in Ottawa (more depending on whether your location requires an Express transit pass,) and driving a small car downtown five days a week will cost about $420 a month- not including the purchase price of the car! Since Brad is on patrol, shiftwork makes it impossible to take the bus to work. The couple is then spending at minimum, over $520 a month on commuter transportation.

Living in a downtown condo where you can walk or bike to work and amenities means that extra $520 a month stays in your pocket.  Jamie walks to his firm, and when the weather is really bad, takes the bus.  John is able to bike to the high school that’s only blocks away from their condo. Even if the couple takes the occasional taxi or bus ride, it’s well under what Brad and Michelle are spending each month.

For many prospective homebuyers, the thought of paying a similar down payment for a condo and tacking on monthly fees is unbearable.  Once again, most underestimate the added costs of freehold home ownership. Jamie and John have far greater predictability in their monthly home maintenance costs, whereas Brad and Michelle have to consciously save in order to be ready to pay for big-ticket items, like windows and roofing.  Financial counsellor Gail Vaz-Oxlade points out that most aspiring homeowners ignore the additional financial responsibilities of home ownership, focusing on saving a down payment and then equating a monthly mortgage payment with their current rent. As many learn the hard way, a freehold home requires a lot more financial investment than that! Let’s look at the sort of costs Michelle and Brad are independently responsible for:

  • Windows
  • Roof
  • Heating/ Air Conditioning
  • Lawn and garden maintenance
  • Snow removal
  • Gas
  • Hot water and tank rental
  • Home insurance

A rough estimate for Brad and Michelle, with an average lifespan on the windows, roofing and heating system, is that they need to be putting away $427 per month.  This will ensure they have money in the bank to keep their home in good condition. In our hypothetical, these costs are subsumed in Jamie and John’s monthly $350 condo fee.  John and Jamie never have to worry about these unpredictable and potentially crushing costs.

Lifestyle choices aside, our couples demonstrate that suburban home-ownership is not necessarily cheaper than a downtown condo.  It’s important to understand the associated costs and responsibilities that each type of home ownership encompasses, so you can make the right choice for you and your family.