{"id":1554,"date":"2023-05-03T08:57:12","date_gmt":"2023-05-03T14:57:12","guid":{"rendered":"http:\/\/www.century21yk.ca\/blog\/?p=1554"},"modified":"2024-02-28T08:29:48","modified_gmt":"2024-02-28T15:29:48","slug":"neighbourhood-profiles-old-town-and-latham-island","status":"publish","type":"post","link":"https:\/\/www.century21yk.ca\/blog\/2023\/05\/neighbourhood-profiles-old-town-and-latham-island\/","title":{"rendered":"Neighbourhood Profiles: Old Town and Latham Island"},"content":{"rendered":"<p><strong>Old Town and Latham Island are Known For:<\/strong><\/p>\n<ul>\n<li>Heritage buildings<\/li>\n<li>Tourist attractions &amp; events<\/li>\n<li>Quirky architecture<\/li>\n<li>Houseboats<\/li>\n<li>Lots of exposed bedrock<\/li>\n<li>Beautiful lake views and waterfront access lots<\/li>\n<li>Close-knit community vibe.<\/li>\n<li>Main traffic arteries: Otto Drive, Morrison Drive<\/li>\n<li>Sub-neighbourhoods: Willow Flats, Peace River Flats<\/li>\n<\/ul>\n<p><strong>History<\/strong><\/p>\n<p>Old Town was the site of Yellowknife\u2019s original downtown, established in the late 1930s.\u00a0 Although gold had been discovered nearby years earlier, the area was deemed inaccessible until the development of the bush plane after the First World War.\u00a0 The importance of the bush plane in Yellowknife\u2019s history is still on display thanks to several active float bases and many docked planes throughout the neighbourhood.<\/p>\n<p><a href=\"https:\/\/www.century21yk.ca\/blog\/wp-content\/uploads\/2023\/05\/Old-Town-Float-Base-medium-sized.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-1558\" src=\"https:\/\/www.century21yk.ca\/blog\/wp-content\/uploads\/2023\/05\/Old-Town-Float-Base-medium-sized-300x200.jpeg\" alt=\"\" width=\"450\" height=\"300\" \/><\/a><\/p>\n<p>In 1933 a significant gold deposit was discovered and in 1938 the city\u2019s first gold mine \u2013 Con Mine &#8211; was opened.\u00a0 It didn\u2019t take long before the town outgrew the confines of Old Town and Latham Island, and in 1945 the downtown area was surveyed and development shifted up the hill.\u00a0 Readers can learn more here: <a href=\"https:\/\/www.yellowknife.ca\/en\/living-here\/resources\/Heritage\/Old-Town-Brochure-Final.pdf\">https:\/\/www.yellowknife.ca\/en\/living-here\/resources\/Heritage\/Old-Town-Brochure-Final.pdf<\/a><\/p>\n<p>In the early years, Old Town was connected to Con Mine by boat and eventually by road via School Draw Avenue \u2013 which was named for a small school that operated there from 1930-1937.<\/p>\n<p><strong>Housing<\/strong><\/p>\n<p>Old town is known for its eclectic mix of housing, ranging from the shacks of the Woodyard to the architecturally striking townhomes overlooking the causeway to Latham Island.\u00a0 Due in part to its abundance of waterfront, Old Town and Latham Island property is in high demand.\u00a0 The waterfront lots along Morrison Drive and Pilot\u2019s Lane, with their west-facing back yards, represent for many the epitome of Yellowknife real estate.<\/p>\n<p>Garages are rare in this neighbourhood, as they were in the rest of the country at the time when much of old town was developed.\u00a0 Some would argue this allows for closer connections between neighbours &#8211; garages have a tendency to reduce neighbourly interactions.<\/p>\n<p>Because most of Old Town and Latham Island sits on exposed bedrock, the area lacks underground water and sewer infrastructure.\u00a0 Water and septic services are provided by truck.<\/p>\n<p>Some areas of Old Town that do not sit on bedrock experience quite a bit of frost heave \u2013 which is the reason that many homes in the area are built on wood block foundations.<\/p>\n<p><strong>Home Prices<\/strong><\/p>\n<p>Higher than average for the city.\u00a0 In 2023 only five homes sold in Old Town and Latham Island, ranging from an older mobile home for $225,000 to a custom home with lake views for $1,150,000.\u00a0 The median average sale price was $975,000.\u00a0 There are very few manufactured homes (modulars and mobiles) or condominiums in the area, which would be more modestly-priced options in other Yellowknife neighbourhoods.<\/p>\n<p>For a detailed list of sales in the last 12-months, e-mail us at <a href=\"mailto:prospectrealty@century21.ca\">prospectrealty@century21.ca<\/a> and let us know which neighbourhoods you would like historical sales information for.<\/p>\n<p><strong>Amenities<\/strong><\/p>\n<div id=\"attachment_4013\" style=\"width: 510px\" class=\"wp-caption alignright\"><a href=\"https:\/\/prospectrealty.c21.ca\/2022\/03\/09\/moving-to-yellowknife-get-to-know-our-neighbourhoods\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-4013\" class=\"wp-image-4013\" src=\"https:\/\/prospectrealty.c21.ca\/files\/2023\/02\/Century-21-Custom-Map-V5-933x1024.jpg\" alt=\"\" width=\"500\" height=\"549\" \/><\/a><p id=\"caption-attachment-4013\" class=\"wp-caption-text\">Click on the map to learn more about our MLS neighbourhoods.<\/p><\/div>\n<p><strong>Groceries:<\/strong> Weaver and Devore convenience store is located the heart of Old Town. The downtown Glen\u2019s Independent Grocer is a 5-minute drive away.<\/p>\n<p><strong>Schools:<\/strong> 5-minute drive to the nearest elementary, middle and high school (\u00c9cole St. Patrick High School and Weledeh Catholic School)<\/p>\n<p><strong>Recreational Facilities:<\/strong> 10-minute drive to the Multiplex and Fieldhouse, 9-minute Drive to Ruth Inch Pool<\/p>\n<p><strong>Restaurants:<\/strong> Within walking distance &#8211; Old Town is home to several of Yellowknife\u2019s most popular restaurants.<\/p>\n<p><strong>The Furthest You\u2019ll Drive on a Semi-Regular Basis<\/strong>: the big-box stores, larger grocery stores and gas stations of Old Airport Road are a 10 to 12-minute drive from Pilot&#8217;s Monument, and the veterinary hospital and pet supply stores in the Kam Lake neighbourhood are also 12-minutes away.\u00a0 Add five minutes during rush hour.<\/p>\n<p><em>If you found this blog post valuable, we would really appreciate a Google review (to do so, follow this link: <a href=\"https:\/\/g.page\/r\/Cf_LTIUkVkX6EAI\/review\">https:\/\/g.page\/r\/Cf_LTIUkVkX6EAI\/review<\/a>).\u00a0 We strive to educate homeowners, whether they are our clients or not, because we believe that a careful and considered home purchase has a lot to do with how long people stay in the North and contribute to our communities.\u00a0 We are passionate about the North, we are active in our communities, we intend to live here for a very long time and we want to build lifelong relationships with our clients and neighbours. Thanks!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Old Town and Latham Island are Known For: Heritage buildings Tourist attractions &amp; events Quirky architecture Houseboats Lots of exposed bedrock Beautiful lake views and waterfront access lots Close-knit community vibe. Main traffic arteries: Otto &hellip;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[83,61],"tags":[],"class_list":["post-1554","post","type-post","status-publish","format-standard","hentry","category-neighbourhood-profiles","category-moving-to-yellowknife"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/posts\/1554"}],"collection":[{"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/comments?post=1554"}],"version-history":[{"count":6,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/posts\/1554\/revisions"}],"predecessor-version":[{"id":1804,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/posts\/1554\/revisions\/1804"}],"wp:attachment":[{"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/media?parent=1554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/categories?post=1554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/tags?post=1554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}