City of Ottawa LRT News and Facts
I have been to an City of Ottawa LRT news and facts update talk organized by the Ottawa Real Estate Board and here are some interesting key points to share with you:
This is the largest infrastructure project undertaken since the Rideau Canal!
- The Rideau Transit Group will be maintaining the system for 30 years!
- The City of Ottawa will be the ultimate owner of the project
- The estimated time for finishing the project from Tunney’s Pasture to Blair is November 2018!
What about Stage 2?
Tuney’s Pasture to Moodie, Blair to Trim and Gladstone to Earl Armstrong including the airport stations are within stage 2 of this exciting project. Stage 2 consists out of 40+ km of rail and 23 new stations. More information on stage 2 can be found at http://www.stage2lrt.ca/
What about Kanata?
LRT’s being extended to Kanata is currently being studied, more information can be found at https://ottawa.ca/en/kanata-light-rail-transit-planning-and-environmental-assessment-study. You are encouraged to participate in the study by attending consultation events, the link above has all the information.
How will the LRT affect Ottawa property values?
In time, we will expect to see high density living around LRT stations here in Ottawa and this will be a game changer for the city’s property values, etc. We can start seeing mixed use developments more frequently and Ottawa will see many new building opportunities for commercial office space and residential (houses and condos for high density living). An additional bonus is that the Queensway will also be widened in stage 2.
The entire project is planned to finish in 2023. If you would like to make an investment purchase based on LRT line and use my services, I will be happy to guide you with updates and news that I receive with on regular basis…