With Talks of Salvation Army Moving to Vanier Many Condo Owners at 200 Lafontaine Appear to be Selling

In June of 2017 the Salvation Army announced plans to move their Lower Town / ByWarm Market homeless shelter to the Vanier area. A new modern shelter is planned for the land at 333 Montreal Road at the corner of Granville Street. The new shelter will be able to house a larger amount of people with their planned 350 beds.

Many residents and business owners have protested the new shelter and have formed SOS Vanier which have a Twitter account.

How does this Salvation Army shelter proposed development on Montreal Rd in Vanier affect nearby property values? Let's look at the condo building located at 200 Lafontaine Avenue which is across Montreal Road and within less than 100 meters of the proposed Vanier shelter.

This year there's already been 7 sales of condos at 200 Lafontaine Avenu in 2018 with another 4 condos active on the Ottawa MLS. With just over 30 days left to the year, we could see a few more sold units.

The chart below shows the number of units sold at 200 Lafontaine since 2012. With an average of 5.5 units per year, we have been above the average for this building ever since the plans for the Salvation Army have been announced.

Note: There are other factors that could be affecting sales in this building including condo reserve fund studies, special assessment, aging population, economic factors and other external factors affecting the real estate market. This only serves as a tool and information for those looking to learn about changes in the Vanier real estate market.

2018 - currently 4 active units with 7 sold condo units so far

2017 - 6 sold condo units

2016 - 7 sold condo units

2015 - 4 sold condo units

2014 - 6 sold condo units

2013 - 7 sold condo units

2012 - 2 sold condo units

If you or someone you know would like to discuss buying or selling real estate in Vanier or other neighbourhoods of Ottawa call Roch St-Georges to discuss your real estate goals. 613-889-7732