Lofts For Sale in Byward Market

About Byward Market's Lofts For Sale

Welcome to Byward Market, a neighbourhood in the city of Ottawa with 4 Loft buildings with condos for sale. There were 6 Loft condo units sold in Byward Market in 2020 when the average sale price for Loft condos in Byward Market was $329,958. In 2020 Loft condo units for sale in Byward Market had an average of -131 days on market. The Loft condo building with the highest Dork Rating in Byward Market is Barrett Lane with a rating of 199 in 2020.

Ecole Guigues in Byward Market was the most active Loft condo building in 2020 with 3 units sold in Byward Market. The Loft condo building in Byward Market with the highest average price per sqft last year was Barrett Lane at $670 per sqft.

Lower Town and Centretown are nearby neighbourhoods with Loft condo buildings. This neighbourhood is a Walker's Paradise with a walk score of 94. Excellent Transit is available in Byward Market. This neighbourhood is a Biker's Paradise with a bike score of 95.

About Byward Market's Hard Lofts For Sale

An authentic hard Loft is a rare beast. Lofts in Ottawa are in short supply due to the nature of their origin. In order to fit this category, a former industrial or commercial use space must be converted into a residential living space. Out of this formula, some common elements arise. Old, often exposed brick, visible mechanical elements of the building such as pipes and beams, large windows and vaulted ceilings. The latter is the element from which a Loft derives its name. A lofted ceiling that allows a living space to feel much larger than the square footage of the floor plan. Ceiling heights from 11 to16 ft are common. There are no rules regarding whether or not a Loft includes separate bedrooms. There may be no separation at all. Partition walls at less than ceiling height may be present or a second floor with partial walls or overlooks can be found. These are usually seen in units where the ceiling height is generous enough to allow room for a partial second floor. The conversion of these commercial buildings is one-offs. Often what makes them stand out are the singular elements associated with that particular building. Some will feature 100 yr old flooring, the wide beams and large nails that made up the factory floors of the day. Others may be touted for the uniqueness of the brick used to construct the building or the shape and style of the stonework. Window style will also be particular to each building, with original glass and frames, shape and size all contributing to the style of the Lofts in Ottawa. Of special interest, will be the history of the building. The story that these conversions tell is almost as important as the design in conveying the style of the home. The original use, any subsequent commercial conversions and the date of the original construction, all contribute to setting the buildings apart. All of these factors naturally limit the height of the buildings, but not necessarily the amenities. There are hard Lofts that also include common areas, fitness rooms and shared rooftop spaces. Of particular interest are buildings that have been reclaimed from the public domain such as schools and churches. The other criteria that must be filled are the location. While this applies to every home and business, the trick with hard Lofts is there must be underutilized or vacant industrial space near to an urban centre. Simply converting a vacant factory in the middle of nowhere, doesn't have much appeal. Look for office, commercial and retail conversion as live workspaces to fill the gap in demand. It is also important to note the distinction between living spaces and those designated for mixed-use, as this adds volume to the available Hard Loft category. Those with dual zoning are sometimes listed as artists' spaces or live-work units. Both styles are more likely to be found in urban centres with high foot traffic. The price tag associated with these one-of-a-kind Lofts in Ottawa is not often congruent with the artist's label they may receive. In some cities, this was born of the use of buildings that could house projects but were not necessarily converted to living spaces. In the past, inexpensive, unused industrial space was a great fit for artists. Necessities like plumbing and heat were ignored in favour of the affordability. City zoning and housing laws will play a large part in determining what's on offer for Hard Lofts today. Each city will determine what constitutes a space fit for living, and where inhabitants are allowed to offer commercial services from their residence.

About Byward Market's Soft Lofts For Sale

Soft Lofts are new builds designed to offer the space and style of a hard Loft. The demand for hard Lofts far exceeds availability and the costs associated with these one-of-a-kind spaces, place them out of reach for many buyers. Here is where the soft Loft comes to life. Builders, eager to fill the demand for open-concept spaces, adopted the term Loftand applied it to units which outside of the conversion elements, fit the design and style criteria of a Loft. More commonly found in low and mid-rise buildings, upper floors in high rise buildings may also have units that have been given a soft Loft treatment. The popularity of the soft Loft is growing along with the demand for higher ceilings, open floor plans and unique design elements. Luckily supply is high since the units are created with new builds, there is no limit on how many can hit a given market. However, due to the low supply hard Lofts are more likely to retain their value over time and suffer less vulnerability to market shifts. Expect to find a wide range of styles. Many units will mimic hard Loft design features, while the external building may be represented in a more modern style. Many of the architectural components in a Hard Loft may differ and so too do the elements of a soft Loft. The expanse of options can make choosing a soft Loft more difficult, the lower prices will surely ease that burden. You'll find completely open concept units, partially walled bedrooms and open concept overlooks sleeping quarters. Large windows will be easy to find feature as they lower the construction costs for the building. Soft Lofts may also still include features such as exposed brick, polished concrete floors, wood beams and other industrial elements. One of the biggest bonuses of soft Lofts is its inclusion in building projects that compete for the best amenities. New build condos have to offer a wide and exciting range of amenities to attract potential buyers. Finding a soft Loft in a building that also has the concierge, party rooms, pools, full-scale gym and rooftop BBQs is not uncommon. They are also not restricted by an existing structure. A soft Loft can be built into any design or building, offering more options for style and layout. Developers will sometimes use the mixing of these elements. They design multiple building complexes, combining condo units, soft Lofts and townhomes into a single project.

Byward Market Condos For Sale

A great neighbourhood in Ottawa, you will find 18 condo buildings within Byward Market with condos for sale and rent. Condo development in this neighbourhood has been booming with 10 High-Rise, 5 Luxury, 2 Mid-Rise, 1 Pre-Construction, 4 Loft and 6 Low-Rise in Byward Market. There are countless choices of condos for sale in Byward Market to call home. Condos for sale in Byward Market spend an average of 55 days on market. Byward Market had 100 condos sold within it in 2020, an decrease of -17% compared to the year before. Last year condos for sale in Byward Market had an average sale price of $$506,358, an increase of 20% from the year before. This neighbourhood is a Walker's Paradise with a walk score of 94. Excellent Transit is available in Byward Market. This neighbourhood is a Biker's Paradise with a bike score of 95. Lower Town and Downtown Ottawa are nearby neighbourhoods.

Byward Market has many popular bakeries including Bell Pastry & Delicatessen and teastore. If you are looking for coffee Piccolo Grande Gelateria and Oz Kafe, ByWard Market offer great options in Byward Market. Groceries are close-at-hand with supermarket La Bottega in Byward Market. Locals recommend eating at Chez Lucien, ByWard Market and The Keg Steakhouse + Bar - Ottawa Market in Byward Market - they have great food! There is a surprising amount of green space with fontaine du millenaire de la rue york, Ogilvy Square, and Raphael Brunet Park in Byward Market. You can find pharmacies Pharmacie Brisson and Shoppers Drug Mart within walking distance. There is great shopping at CF Rideau Centre. If you are looking to visit a museum or art gallery Galerie D'art Jean-Claude-Bergeron can be found in Byward Market. If you're a health and fitness fanatic, hopefully you are living in a condo building with a great gym. If not Yoga Travels is a super popular fitness center with locals. Animal enthusiasts, good news Cricket & Company is in Byward Market. Schools in Byward Market include Ferline Regis Singing Lesson, BarWorksOne and Telfer School of Management. There are many students in this neighbourhood as Ecojustice Environmental Law Clinic at the University of Ottawa is located within it. Byward Market has a very accesible train station Rideau.

What to Expect

The Byward Market is one of the oldest areas in the city of Ottawa. Surrounded by old and new landmarks, it is seen as the heart of the city’s downtown. As one of the most active parts of the city, most events either take place in the tiny six block radius starting from Rideau Street or revolve around it in some way. It is bordered by Cumberland St to the East, Sussex Dr and Mackenzie Ave on the West side. 

The Byward Market contains a vast majority of Ottawa’s nightlife and entertainment. It’s the perfect place to grab a drink during happy hour or celebrate a night out with friends at any, or many, of the bars, clubs, and pubs. During the spring, summer, and fall the Market is flooded with many stands selling fresh produce, prepared food selections, clothing, flowers, and much more. Many boutiques allow for a diverse shopping selection. At the south end of the ByWard Market lies the Rideau Centre. This enclosed mall is home to more than 180 of Ottawa’s best stores and services.

Commuting to various points is fairly easy in this neighbourhood. With the Mackenzie King Station right around the corner, residents will have no trouble hopping on buses to far off areas like Stittsville and Kanata. Its location also means a cab or an uber will never be far off. With the exception of the crowded Rideau Street, the Byward Market has been referred to as a walker’s and cyclist’s paradise. A homebody seeking to move into the area will be relieved to know that it has a fair amount of grocery stores that are not too far away. Even better, the Byward Market boasts of several specialty stores, which means you can finally make that complicated Italian dish that you couldn’t find the ingredients for. There are also several parks as well as a few libraries and a handful of elementary and secondary schools within walking distance. The Market’s central location puts it 5 minutes from Ottawa’s bus station, 5 minutes from the VIA Rail train station, and 15 minutes from the Ottawa International airport. 

Demographics

The Byward Market has a fairly young demographic mixing University/College students, young professionals and retirees seeking to be close to the main attractions of the city. About 40% of residents are between the ages of 20-39 and only 35% of people living In this neighbourhood are married. There is a large student population mostly because of the proximity of the University of Ottawa. In addition to this, the area is home to many of Ottawa’s homeless shelters. Being the core of the city it makes it a convenient location for vagrants to reside.

Lifestyle

This area is great for people with an active, social lifestyle. With a relatively fast paced lifestyle the Byward Market seeks to impress with high class restaurants, art galleries, craft breweries, plus much more. Unfortunately, it means lovers of domesticity may feel a bit isolated. It is also a great place to meet creative, quirky characters such as street musicians, students, and urban dwellers.  

What you'll love

The environment and ambiance is what makes the Byward Market what it is. It really thrives in the warmer months with the open-air market being one of the city’s top destinations. Flowers line the streets and the smell of food fills the air. Parliament Hill is also just on the outskirts of the Byward Market, making visiting a breeze for residents of this neighbourhood.

Most of the Byward Market’s residents name the restaurants and bars as one of the area’s best attractions. A handful of art galleries and well curated independent clothing stores can all be found within walking distance. As if all these are not enough, there are a number of small, quirky stores where you can find everything from handmade cards to roller skates. And of course, all of these sights and experiences are connected by well designed pedestrian and bike paths that will make you never want to drive again.