House Hunting in Canada: Octagonal Riverfront Views Outside Ottawa


Set on the banks of the Rideau River, this custom-built four-bedroom house is in Manotick, a village about 15 miles south of Ottawa, Canada’s capital metropolis. The three.Four-acre property contains 264 toes of water frontage, with two boat slips. “It’s rare to acquire a property on the river with this much waterfront,” stated Marilyn Wilson of Dream Properties, the itemizing dealer. “And having two boat slips is unusual. You wouldn’t be able to get them now because of conservation rules.”

Built in 1985 for the household of a neighborhood building government, the 6,105-square-foot home is anchored by a hovering, octagonal nice room whose domed 20-foot ceiling, in honey-toned British Columbia fir, tapers right into a skylight. “The stacked, repeated design of the ceiling evokes Art Deco, but the materials make it very warm for a contemporary home,” Ms. Wilson stated. A granite column in the middle of the room incorporates two fuel fireplaces, constructed at proper angles to one another.

Walls of home windows provide river views from three sides of the nice room, which is massive sufficient to embody the dwelling and eating rooms. “Sightlines are spectacular,” Ms. Wilson stated, together with “incredible sunset views” from the west-facing home windows.

The adjoining kitchen is centered round a granite-topped, V-shaped island with a raised glass counter. A fuel fire clad in matching granite faces the island. High-sheen planks of jatoba, or Brazilian cherry wooden, cowl the kitchen ground, and sliding glass doorways open onto a wraparound deck, which provides an unobstructed Rideau riverscape.

Down a brief flight of stairs, the alternative facet of the home has three bedrooms. Solid oak double doorways open to the principle suite, whose angled ceiling replicates the wood-beamed design in the nice room.

The predominant suite connects to the house’s deck by its personal patio door. Two different bedrooms share a toilet, which has an ornamental stained-glass window that echoes the same glass panel in an adjoining hallway.

The house’s decrease ground sits at floor degree — “a windowed room with a walkout and a panoramic view,” Ms. Wilson stated. Along with a media room, moist bar and fitness center, this degree includes a glass-enclosed indoor Jacuzzi tub. Tall glass doorways open to expansive inexperienced house and vistas of the Rideau.

A number of architectural surprises punctuate this a part of the house: An octagonal pink granite column seems to assist a staircase, and lighting is constructed into cutouts across the ceiling perimeter. The house’s solely wood-burning fire is on this degree.

Set again from River Road by a protracted driveway, the house’s landscaped lot features a gunite swimming pool and two octagonal pool cabanas, one in all which has a kitchen.

Manotick, with about Four,500 residents, “offers rural flair with urban amenities,” Ms. Wilson stated. “These rural properties are in very high demand, because they offer space and privacy, which is so sought-after right now.”

The village “has the character and feel of a rural community and does in fact serve the surrounding farming community,” stated Debra Wright, a dealer at Details Realty Inc., in Ottawa. But improvement is creeping up, together with a brand new 1,400-home subdivision at Manotick’s southern tip, she stated. “Ottawa is small, and the fact that you can get downtown in a short time from Manotick makes it attractive.”

After lagging behind red-hot markets in Montreal, Toronto and Vancouver for years, Ottawa, Canada’s fourth largest metropolis, noticed house costs balloon in 2020, fueled largely by a surge in demand and “inventory at historic lows,” in keeping with Richard Rutkowski, a dealer at Engel & Völkers Ottawa. “Compared to other world capital cities, we were always undervalued. For decades, it was steady growth rather than these big fluctuations.”

After a brief slowdown at the onset of the Covid-19 pandemic, “the market went crazy,” said Ms. Wright of Details Realty Inc., who is also president of the Ottawa Real Estate Board (OREB). “Unit sales were up marginally over 2019, but property values surged.” The average home price in Ottawa jumped 33.7 percent year over year in December of 2020, to 582,267 Canadian dollars ($457,000), according to an OREB report released in January. For condominium units, the average sale price was 361,337 Canadian ($285,000).

By comparison, the average price for homes sold in Toronto in 2020 was 930,000 Canadian ($730,000), the highest figure on record, according to the Toronto Real Estate Board.

As for the demand, Ottawa benefits from stability of government employment as Canada’s capital, Mr. Wright said. A booming tech sector, including a new Amazon fulfillment center and local success stories like the e-commerce company Shopify, “also mean companies are hiring and people are coming here to work for them,” he said.

On the luxury end, “$2 million used to be a stretch,” said Ms. Wilson, the listing broker. The number of Ottawa homes sold for over 2 million Canadian ($1.57 million) more than doubled to 48 in 2020 from 20 in 2019, according to the Multiple Listing Service. “And those high-end homes now sell within days or weeks, instead of years,” she said.

She added that heightened activity in rural markets doesn’t mean interest in central Ottawa has waned. “It’s a sophisticated, international city with lower density and fantastic green space,” she said. “There’s not really a bad neighborhood. Ottawa is in a growth stage. In the next three to five years, you’ll be lucky to get in here.”

Along with Ottawans “buying up or buying down,” many of the region’s buyers this year have been transplants from more expensive Canadian cities. “If a couple had planned to buy in Toronto or Montreal, they’re priced out, so they’re now looking in Ottawa, where they can actually enter the market,” said Mr. Rutkowski of Engel & Völkers.



Source link Nytimes.com

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