Pre-Construction Condos For Sale in Central Park

About Central Park's Pre-Construction Condos For Sale

Welcome to Central Park, a neighbourhood in the city of Ottawa with 1 Pre-Construction buildings with condos for sale.

A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.

When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.

Westboro and Island Park are nearby neighbourhoods with Pre-Construction condo buildings. This neighbourhood is Somewhat Walkable with a walk score of 62. Some Transit is available in Central Park. This neighbourhood is a Biker's Paradise with a bike score of 91.

Central Park Condos For Sale

This is Central Park, a neighbourhood in the city of Ottawa with 2 condo buildings. These include 1 Pre-Construction & 1 High-Rise. With a smaller number of buildings to choose from in Central Park, there are less condos for sale in Central Park. The average days on market for condos for sale in Central Park is 28 days. There were 7 condos sold in Central Park in 2020. Central Park saw an increase in the number of condos sold by 40% compared to the year before. Condos for sale in Central Park had an average sale price of $383,341 last year, an increase of 35% from the prior year. This neighbourhood is a Biker's Paradise with a bike score of 91. Some Transit is available in Central Park. Central Park is Somewhat Walkable with a walk score of 62. Copeland Park and Carlington are nearby neighbourhoods.

Walmart Grocery Pickup is a great bakery in Central Park. A fresh cup of java or tea is never hard to find with McDonald's in the hood. Locals recommend eating at Zaky Grill and Broast, Greeko's Souvlaki & Pizza and Rasco Food Services in Central Park - they have great food! There is a surprising amount of green space with Alphabet Park in Central Park. You can find the pharmacy ApotheSOS Pharmacy & Medical Clinic in Central Park. There is great shopping at SmartCentres Ottawa (Laurentian Place). If you're a health and fitness fanatic, hopefully you are living in a condo building with a great gym. If not GNC is a super popular fitness center with locals. The school in Central Park is Rasouli Music.

What to Expect

Central Park is in River Ward in the west-end of Ottawa. It is bounded on the east by Merivale Rd, on the south by Baseline Rd, on the west by Clyde Avenue and on the north by the Carlington neighbourhood. Central Park is known for its New York City themed street names.

Demographics

There are many young families in the neighborhood and a wide range of schools. There are many apartments, townhomes and single family homes in the neighborhood which was developed by Ashcroft Homes.

Lifestyle

Central Park is a community where you have easy access to downtown, good schools and many outdoor activities nearby.

What you'll love

This neighbourhood is community minded with focus on outdoor hiking and biking trails. A variety of parks are in the area including Celebration Park which has a soccer pitch, play structure, tennis courts, pond, ice rink and walking trails.