I am not a sales representative for Minto nor a real estate agent. I merely love architecture, condos and real estate in Ottawa. I like providing information that could prove to be useful for other people! If you do have any mortgage related questions, please do not hesitate to ask me at anytime!
On Saturday October 26th, the Minto Beechwood‘s Sales Centre opened to the public. It has been much anticipated ever since the large fire back in 2011 that unfortunately levelled the Home Hardware and a few other smaller stores. I think that coupled with Domicile’s Kavanaugh and the proximity to amazing restaurants, shopping, bike paths and the Ottawa river, this will continue to grow as a highly sought out area of Ottawa to live in.
The condo itself consists of of 134 suites and is 8 Storeys tall. It is projected to start occupancy in Summer 2016. Condo fees are starting at $0.40/sq.ft. per month. Parking is available from $31,000. Lockers are available from $4,000 each.
I really like the roof top amenities here. The Rockcliffe terrace would be ideal for spending any summer night. The double-sided fireplace inside the Crichton Games & Lounge is a very interesting touch for entertaining guests as well as the catering kitchen. A common trend in all Ottawa condos, of course, is the yoga room. This one will have that and the gym.
Suites begin at $256,900 and go up to the most expensive unit at $949,000. For the most expensive 1 bedroom without parking ($329,000),with a 20% downpayment, condo fees of $270.80,with annual property taxes at $3290 (1%), and with a rate of 5 years at 3.49% (my current rate) you would be looking at a monthly cost of approximately $2,186. So you would be cash positive renting the unit out at $2,200 without home insurance factored in.
Contact the Sales Centre today!
7 Beechwood Avenue
Ottawa, ON K1M 1M2
613 696 8188
Send an e-mail to mintobeechwoodsales@minto.com
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