Prince of Wales on the Rideau
Encyclopedia
Prince of Wales on the Rideau is an upscale neighborhood of 210 homes in Ottawa
, Ontario, Canada. It is located on a peninsula between the Rideau River
and Prince of Wales Drive
, on the west shore of Mooney's Bay.
Prior to its development in 2006/2007, the land was part of the Moffat Farm. The Moffat family donated their land to the city for a park service, but the city changed it to residential zoning
, making it one of the most controversial new homes projects in Ottawa in recent times.
Campanale Homes is the predominant developer, purchasing 132 building lots from the city for C$13.7 million. It boasts the highest price of new construction residential land in the city, due to its closeness to the Rideau River and downtown Ottawa. In 2006, Campanale Homes boasted having the most expensive new home in Ottawa. Currently, the most inexpensive home in the neighborhood is 1530 square feet (142.1 m²) bungalow for $543,500 and the home values go up to about $3 million.
Ottawa
Ottawa is the capital of Canada, the second largest city in the Province of Ontario, and the fourth largest city in the country. The city is located on the south bank of the Ottawa River in the eastern portion of Southern Ontario...
, Ontario, Canada. It is located on a peninsula between the Rideau River
Rideau River
thumb|Rapids on the Rideau River opposite [[Carleton University]].The Rideau River is a Southern Ontario river which flows north from Upper Rideau Lake and empties into the Ottawa River at Rideau Falls in Ottawa, Ontario. Its length is 146 km...
and Prince of Wales Drive
Prince of Wales Drive (Ottawa)
Prince of Wales Drive is a road serving Ottawa, Ontario, named after the eponymous road in Battersea, London, U.K. The northern section is a low-speed street running along the west bank of the Rideau River, while southern portions of the road were formerly Highway 16 .Prince of Wales Drive is the...
, on the west shore of Mooney's Bay.
Prior to its development in 2006/2007, the land was part of the Moffat Farm. The Moffat family donated their land to the city for a park service, but the city changed it to residential zoning
Zoning
Zoning is a device of land use planning used by local governments in most developed countries. The word is derived from the practice of designating permitted uses of land based on mapped zones which separate one set of land uses from another...
, making it one of the most controversial new homes projects in Ottawa in recent times.
Campanale Homes is the predominant developer, purchasing 132 building lots from the city for C$13.7 million. It boasts the highest price of new construction residential land in the city, due to its closeness to the Rideau River and downtown Ottawa. In 2006, Campanale Homes boasted having the most expensive new home in Ottawa. Currently, the most inexpensive home in the neighborhood is 1530 square feet (142.1 m²) bungalow for $543,500 and the home values go up to about $3 million.