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Canadian Real Estate/Renting an Apartment in Ottawa

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Expert: - 3/20/2009


Question
Hello!

I am looking to move out of my parent's house to attend university in Ottawa. I would love to find an apartment. I was wondering, what is a decent amount of money to be spending to rent an apartment in Ottawa? I'm on a budget and want to make sure I'm not making a bad choice, seeing as it's my first time looking for a place.

I don't need a lot of space, and sharing is an option. Could you give me an approximation about the amount of money I should be spending monthly?

Thanks for your help!

Answer
Hey Taylor,
Your best bet would be to post a note at the University looking to share a house or Condo/Apt. with other Students? you would be looking at $400-$500 per month. Or you can go into Residence for your first year as many do including my own son who goes' to Laurier.
Another option is to look on the Internet for a basement apartment at many rental sites. A basement Apartment can run from $700-$1000.
Good luck at University!!

Derek

Canadian Real Estate

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Derek Hamilton

Expertise

Any questions relating to Residential Real Estate in the City of Toronto or Southern Ontario. How much is my home worth in todays market? What's involved in Buying Real Estate ? How much do you need for a down payment? What's involved in Buying a Condo? What's involved in Buying a Co-op? What do you need as a deposit? How to choose a good Real Estate Agent for your property? What should you do to prepare your home for the market? How much Commission should you expect to pay? What are the expenses when Buying or selling your property? Should you have your home Staged for the market?

Experience

Residential Real Estate Sales Representative in Toronto Ont,Canada for 25 years. Award winner for 20 straight years with Royal Lepage & Sutton Group. Prior experience was 10 years building new custom homes & Renovations in North Toronto. I have a total of 30 years experience in the Residential Real Estate field.

Organizations
I also subscribe to the Georgian Triangle Real Estate Board in Collingwood & the surrounding areas.

Education/Credentials
George Brown College "Carpentry", Continuing Education with the Toronto Real Estate Board. Member sinse 1985.

Awards and Honors
Platinum Award 2000-2008

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