It’s not easy to find a welcoming, comfortable home within budget for many of Ottawa’s young professionals. But Sleepwell Property Management has entered the market with an optimally located, attractive apartment building that will help to add to the city’s inventory.
The Talisman, a five-tower apartment complex located at 1345 Carling Ave., offers budget-friendly rental prices, meeting the needs of a demographic that includes resident doctors, the military and students.
Named after the original Talisman Hotel that previously occupied the site, this five-tower community offers modern suites, gyms, terraces, lounges and indoor heated parking, with retail commercial spaces.
The properties are managed by Sleepwell Property Management, an Ottawa-based, full-service property management company. Sleepwell provides management, real estate and renovation & development support to landlords across the city.
Sleepwell is working alongside Halifax-based developers to provide inexpensive apartments with no hidden costs.
“Real estate in Ottawa needs significant changes. We need housing to become more affordable and attainable,” says Conrad Pool, president of Sleepwell.
All appliances and amenities included
The Talisman properties come with all appliances and amenities including, in-unit laundry. Residents are also able to access their units with smart lock technology.
Bachelor apartments are approximately 444.16 sq. ft. and start at $1535.00 per month, while one-bedroom apartments are around 567.90 sq. ft. and start at $1750.00 per month. Besides individual electricity costs and parking, the residences are all-inclusive.
“For the same amount of rent, you are getting much more square footage than other places in the city,” says Pool.
The Talisman is the perfect home for students and young professionals due to its central location and accessible costs. Students attending Carleton University, Algonquin College and the University of Ottawa not only benefit from the complex’s locality, but its quality. The apartments are also close to government buildings and hospitals, including the future Civic Campus. It is an ideal location for young professionals seeking a short commute to work.
The project is currently in its second phase. The second phase will see the construction of the three remaining towers. Occupancy for the first two constructed towers is nearly at 100%.
For those seeking to move into the Talisman, the wait will not be long. Foundational digging began in spring of this year and by May of 2025, one more tower will be completed. Three of the towers will have over 20 floors, while the two smaller towers will have eight floors each.
“The construction of these buildings has been quite quick compared to other developments,” says Pool.
Pool hopes the Talisman sets a precedent for other rentals in the city by proving that high-quality housing can be accessible without a premium price tag.
