Neighbourly Ottawa - All that glitters in the Golden Triangle

Posted on August 18, 2008 
Filed Under Neighbourly Ottawa, Valerie Zinger

This neighbourhood appears to be named after physical shape of the area.  Generally, the Golden Triangle is bordered by the Canal on the East, Bank Street on the west, Laurier on the north and the Queensway on the south.  Not quite a triangle but getting there.   For the real estate boundaries, the west border ends at Elgin.

The neighbourhood has been synonymous with restaurants, the activities on Elgin and the proximity to downtown offices and the Parliament Buildings.  For those living in the area, there is no problem walking to productions at the National Arts Centre and grabbing a coffee on the way home.  While others circle the blocks looking for any kind of parking, the residents can either get by without a car or with reduced dependence on their cars.

There are a number of long term hotels in the area.  Military personnel and government employees, on temporary assignment in Ottawa, find themselves staying in the Golden Triangle.  This is often the out-of-townees’ first taste of Ottawa. 

There are a lot of hotels, condominiums and apartments in the area.  Sitting right beside these are many older single family dwellings being maintained by people who have embraced the urban lifestyle.

What has been selling in the Golden Triangle?  Since January 1, 2008 until the end of July the Multiple Listing Service on the Ottawa Real Estate Board’s site for Realtors shows the sales for the area of Elgin over to the Canal (MLS area 4104) as follows: 

Residential

                Detached:                        9 sold with average price of $609,567

                Row:                                 5 sold with average price of $455,000

                Semi-detached:                9 sold with average price of $584,849

Condominium

                20 Sold with average price of $335,355     

 

The Golden Triangle is a choice neighbourhood for singles, seniors and professionals.  There are schools and parks in the area so it is more than possible to raise a family here.   

 

 You may want to go for The Gold.

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