Ottawa Condominiums (condos): Owner has a deed for unit, has a
separate mortgage, pays property tax on the unit plus a percentage
of the common areas and pays a monthly maintenance fee. A board of
directors governs the complex with the owner having one vote. The
condo owner has a fee simple absolute unrestricted ownership and is
individually responsible for property taxes and maintenance fees.
Use the sales price of condominiums with similar size, appeal, age,
neighbourhood in Ottawa, incurring similar maintenance fees, etc.
to determine market value. Ask owners in the complex what they like
and dislike about both the unit and the complex. How good is the sound
proofing? End units and upper units generally sell for more when sound
comes into play. How is its location in the complex? Is it near downtown
Ottawa or will you have to commute? Next to an access street, parking
facility, pool? Look for units that are not adversely affected by
these. Stay away from predominantly rental condo complexes in Ottawa, those having more occupants that are renters. They are often
poorly maintained as absentee owners usually vote against improvements
and increases in maintenance fees. When buying condos in Ottawa,
it is always good to ask lots of questions.
Ottawa homes for sale
(introduction)
Ottawa condos
Ottawa cooperatives
Ottawa resale homes
Ottawa gated communities
Ottawa townhouses
Building a house in Ottawa
Ottawa new homes
Ottawa luxury homes
Ottawa lofts
Ottawa investment property
Ontario bungalows
Ottawa duplexes
Ottawa triplexes
Ottawa residential real estate
(attached)
Ottawa residential real estate
(detached)