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The Minto Metropole is a 33-story residential building in the Westboro neighbourhood of Ottawa, Ontario. [2] At 108 metres (354 ft), it is the third-tallest building in Ottawa, after Claridge Icon and Place de Ville Tower C. [3] It is the second-tallest residential building in the National Capital Region.
The Windsor Arms Apartments, designed by architect Cecil Burgess, [1] was completed on April 1, 1930, at a cost of $300,000 (in 1930 dollars). The builder claimed this cost to be 85% above the average cost of construction because of conveniences incorporated into the structure. [ 2 ]
The parking lot behind the building was converted into a group of town houses, while the land to the east was set aside for an apartment building. When the Wallis House condos went on sale in October 1995, they were all sold in fewer than twenty-four hours. This unprecedented event was the beginning of a long-lasting real estate boom in Ottawa.
Minto Apartments manages multi-residential and commercial properties, some of which have been built by Minto. Minto Apartments owns 57% of Minto Apartment Real Estate Investment Trust. [10] Minto Communities Canada is a home builder in Ottawa, Toronto, and Calgary. It has built 60,000 homes over its history.
The tallest building in Ottawa—Gatineau is the 45-storey, 143 m (469 ft) tall Claridge Icon located in Little Italy. The tallest building approved for construction in Ottawa—Gatineau is the 65-storey, 234 m (768 ft) tall 900 Albert — Tower 1, part of the three-tower 900 Albert Development located in Centretown West. [3] [4] [5] [6]
In 2020, in Toronto, 21% of all housing, and 56% of condos were investor owned. In Vancouver, nearly 48% of condos, and 33% of all housing was owned by investors. [81] Across Canada, 1 in 5 homes were investment properties. Investors were found to be increasingly crowding out prospective first-time buyers in a 2024 analysis. [82]
The Claridge Icon is a 45-storey condominium tower in Ottawa, Ontario, Canada.It is located at the intersection of Carling Avenue and Preston Street in Little Italy. [1] [3] When the structure topped out in 2019, it became the tallest building in Ottawa since 1971 and the tallest in Ottawa-Gatineau since 1978.
REIT [1] Traded as (TSX) Profile Major tenants/properties Allied Properties REIT AP.UN: Office Artis AX.UN: Diversified: Artis REIT Residential Tower: Boardwalk REIT
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