If you’re searching for a condo lifestyle that blends luxury, culture, and waterfront access, look no further than Little Italy and Dow’s Lake. Over the past decade, this neighbourhood has transformed into one of Ottawa’s hottest condo markets, attracting everyone from professionals to downsizers and investors.
A Neighbourhood in Transition
Little Italy has always been known for Preston Street’s restaurants, cafés, and cultural events like Italian Week Ottawa. But in recent years, the area surrounding Dow’s Lake has seen a surge in condo development, bringing modern high-rises and boutique buildings into what was once a low-rise neighbourhood.
This transition has positioned Little Italy as one of Ottawa’s most dynamic communities—balancing heritage with innovation.
The Condo Landscape
Unlike The Glebe’s boutique-heavy market, Little Italy and Dow’s Lake feature some of Ottawa’s most striking high-rise condo towers:
SoHo Champagne (111 Champagne Avenue S): Designed by celebrated firm Gluckstein Design, offering hotel-style amenities including concierge, gym, and party room. Popular with professionals and investors alike.
The Icon (805 Carling Avenue): At 45 storeys, it’s Ottawa’s tallest residential building. Units boast modern finishes, sweeping skyline and lake views, and luxury amenities. The Icon has become a landmark for the city’s skyline.
Claridge Moon (505 Preston Street): One of the first condo projects tied directly to Ottawa’s new LRT line, offering immediate access to Carling Station. Appeals strongly to buyers seeking transit-oriented investment opportunities.
SOHO Italia (coming soon): A planned high-rise that will add even more inventory to the neighbourhood, continuing the trend toward vertical living.
This mix of existing and upcoming projects makes Little Italy a hub for buyers who want new construction, luxury finishes, and strong long-term value.
Lifestyle Advantages
One of the biggest selling points for condos in Little Italy is lifestyle.
Preston Street: Lined with some of Ottawa’s best Italian restaurants, cafés, and bars, it’s the heart of the neighbourhood’s identity.
Dow’s Lake: Just steps away, this green space connects to the Rideau Canal, offering paddle boats in summer, skating in winter, and year-round walking and cycling.
Transit Access: With Carling O-Train Station at the centre of the community, residents enjoy quick connections to downtown and beyond.
Events: Festivals like Italian Week and Winterlude bring energy to the area, giving condo owners a front-row seat to Ottawa’s cultural calendar.
Who Buys Condos Here?
Young Professionals: Attracted by proximity to downtown, nightlife, and transit, while still being able to purchase modern condos at competitive price points compared to Centretown.
Downsizers: Many are drawn to the waterfront views and luxury amenities offered by buildings like The Icon and SoHo Champagne.
Investors: With the O-Train expansion and new developments in progress, Little Italy has become a magnet for investors betting on long-term growth.
Market Trends and Pricing
Condo pricing in Little Italy varies depending on age, finishes, and location:
Entry-level 1-bedrooms in older or boutique buildings may start in the high $300,000s to low $400,000s.
Newer builds like SoHo Champagne and Claridge Moon often list 1-bedrooms in the $450,000–$550,000 range.
Luxury units in The Icon can easily exceed $1M, particularly for larger layouts with corner exposures and lake views.
For sellers, the increasing competition from new builds means professional marketing and timing are crucial. Buyers are spoiled for choice, so presentation makes all the difference.
Why This Market Stands Out
Little Italy and Dow’s Lake represent the future of Ottawa condo living. With vertical growth, direct LRT connections, and unmatched proximity to dining and green space, the area combines lifestyle and investment potential in a way few neighbourhoods can match.
For buyers, it’s about securing a home in a community on the rise. For sellers, it’s about positioning your property strategically in a competitive but high-demand market.
Final Thoughts
Condos in Little Italy and Dow’s Lake aren’t just homes—they’re a lifestyle investment. Whether you’re looking for a luxury unit in Ottawa’s tallest tower, a boutique condo near Preston Street’s restaurants, or an investment property with transit appeal, this neighbourhood delivers.
Thinking of buying or selling in Little Italy or Dow’s Lake? With years of experience specializing in Ottawa condos, I can help you navigate this fast-moving market. Let’s find your next opportunity.
