TRU Realty : Blog posts labelled: ottawa real estate : page 16

New property listed in Ottawa

Posted on April 6, 2024 by Kevin Saunders

We are very excited to share our new listing at 500 AROSA Way in Ottawa.

Model CORNER single family nestled on premium lot, backing onto the park, located in highly sought-after neighborhood of Blackstone Community in Stittsville-Kanata. Features include 3 bed + LOFT, over 50K in upgrades, 9' ceilings, open concept great rm w/natural gas fireplace & large windows, natural light galore. Dinning rm is next to the kitchen w/door that opens to the beautiful backyard. Upgraded hardwd flooring throughout. Upgraded kitchen w/quartz counter tops, lots of cabinet spaces, stainless steel appliances & a gorgeous long island w/breakfast bar. Mud rm w/a huge walk-in closet & powder rm. 2nd flr offers spacious & bright loft, Laundry rm w/a window 2nd full bath, Master bedrm w/walk-in closet & ensuite w/glass shower & quartz counters. 2 other good sized bedrms w/walk in closet. Walking steps to schools, shopping and all amenities. Some photos are Virtually staged. (id:2493)

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Ottawa Market Trends March 2024

Posted on April 5, 2024 by TRU Realty

Posted in Ottawa, Ottawa Real Estate, TRU, TRU Realty, TRU Realty Pro

The number of homes sold through the MLS® System of the Ottawa Real Estate Board totalled 1,165 units in March 2024. This was an increase of 10% from March 2023.

Home sales were 21.5% below the five-year average and 15% below the 10-year average for the month of March.

On a year-to-date basis, home sales totalled 2,678 units over the first three months of the year — an increase of 13.1% from the same period in 2023.

“Ottawa’s real estate market is overall healthy, providing fertile ground for an active spring and summer ahead,” says the OREB President. “The increases in new and active listings indicate that sellers are feeling more confident, boosted by the rise in showing activity. Buyers, however, aren’t acting as quickly as they perhaps should be — likely because affordability and supply are still roadblocks.”

“Something is around the corner in this market, though. People have adjusted to post-pandemic life and that means revisiting their housing needs. Some are downsizing or moving in from the city’s outskirts. Others are looking at more suitable properties that better meet all their needs, which weren’t accessible to them in the peak pandemic market. That’s creating pressure from multiple angles on the mid-range property market, which we know is tight to begin with in Ottawa. Just because you’re in the real estate market, doesn’t mean you’re safe from the market. If you’re a buyer or seller looking to make a move, I wouldn’t wait too long.”

By the Numbers – Prices:

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.

The overall MLS® HPI composite benchmark price was $636,700 in March 2024, a gain of 2.7% from March 2023.

The benchmark price for single-family homes was $719,000, up 2.6% on a year-over-year basis in March.
By comparison, the benchmark price for a townhouse/row unit was $489,800, up slightly at 0.9% compared to a year earlier.
The benchmark apartment price was $423,200, up 4.3% from year-ago levels.

The average price of homes sold in March 2024 was $682,078 increasing 5.1% from March 2023. The more comprehensive year-to-date average price was $659,828, increasing by 3.2% from the first three months of 2023.
The dollar volume of all home sales in March 2024 was $794.6 million, up 15.6% from the same month in 2023.

OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Prices will vary from neighbourhood to neighbourhood.

By the Numbers – Inventory and New Listings:

The number of new listings saw an increase of 13.5% from March 2023. There were 2,074 new residential listings in March 2024. New listings were 2.3% below the five-year average and 11.1% below the 10-year average for the month of March.
Active residential listings numbered 2,543 units on the market at the end of March 2024, a gain of 18.3% from March 2023. Active listings were 58.6% above the five-year average and 17.7% below the 10-year average for the month of March. Active listings haven't been this high in the month of March in more than five years.
Months of inventory numbered 2.2 at the end of March 2024, up only slight from 2 in March 2023 and below the long-run average of 2.6 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Courtesy of the Ottawa Real Estate Board

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New property listed in Ottawa

Posted on April 5, 2024 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 1105 1100 AMBLESIDE Drive in Ottawa.

See details here

Three Fabulous Bedrooms, Magnificent Views of the Ottawa River, and soon, the LRT......all draw you in to experience this stunning 2023-24 renovation. Classy, modern, chic, and totally "done"! White oak hardwoods, white/blonde kitchen and bath installations, lots of stainless steel, fetching designer accents, dreamy lighting. Just down the street from the buzz of Westboro, and up from the Beach, in a condo that offers such desirable amenities as: central air, garage parking, carwash bay, two guest rooms, fitness centre, sauna, games room, workshop, bicycle storage, party room, library, saltwater pool, laundry, ensuite storage room + storage locker, gardened patio area w/BBQ. Sometimes, it's just so right......! (Offers welcomed Thursday, April 11th at 6pm. Seller reserves the right to consider and may accept a pre-emptive offer.) (id:2493)

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New property listed in Ottawa

Posted on April 4, 2024 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 210 QUEEN ELIZABETH Drive in Ottawa.

See details here

DEVELOPERS! Rare opportunity to build fronting on the canal, in the GLEBE! Take advantage of R4 zoning to add height or increase units. Currently fully rented at market rents with a just a few long term tenants. This property consists of two x four unit buildings - 206-208 Queen Elizabeth and 210-212 Queen Elizabeth. BOTH UNITS ARE TO BE SOLD SIMULTANEOUSLY. Each four unit building can be financed with residential interest rates. All tenants pay own Hydro. most units updated over the years. all units contain Laundry. Selling for land value, showings upon accepted offer. (id:2493)

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New property listed in Ottawa

Posted on April 4, 2024 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 210 QUEEN ELIZABETH Drive in Ottawa.

See details here

DEVELOPERS! Rare opportunity to build fronting on the canal, in the GLEBE! Take advantage of R4 zoning to add height or increase units. Currently fully rented at market rents with a just a few long term tenants. This property consists of two x four unit buildings - 206-208 Queen Elizabeth and 210-212 Queen Elizabeth. BOTH UNITS ARE TO BE SOLD SIMULTANEOUSLY. Each four unit building can be financed with residential interest rates. All tenants pay own Hydro. most units updated over the years. all units contain Laundry. Selling for land value, showings upon accepted offer. (id:2493)

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New property listed in Ottawa

Posted on April 3, 2024 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 120 HACKAMORE Crescent in Ottawa.

See details here

Brand new home, brand new appliances, fast developing new neighborhood. This is your chance to call it a home. Main floor boasts 9 feet ceiling, quartz-countertop and modern hardwood floor. It is a 4-bedroom, 3-bathroom single home. Upper level is complemented with a spacious primary bedroom with walk-in-closet, in-suite bathroom. It comes with 3 more bedrooms and convenience of second floor laundry. It is carpeted with neutral color. Main floor has a half bathroom, and second level comes with a full-bathroom. The basement has a rough-in for an additional bathroom if the new owner wishes so. The property offers a double attached garage and 2 additional parking space on the driveway. High efficiency furnace and on demand hot water tank are located in the basement. Some photos are virtually staged. (id:2493)

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New property listed in Ottawa

Posted on April 2, 2024 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 1586 STITTSVILLE MAIN Street in Ottawa.

See details here

Calling on all investors. This is a true investment for you. It is zoned TM9 -Height 15m, think about what you can make out of this large lot. As for commercial uses, the following is a short list of permitted use: animal care establishment, instructional facility, day care, community center, school or training center, place of worship and for residential, it is permitted to build stacked dwelling townhouse dwelling planned unit development. The current building on the property can generate money for you until you finalize your paperwork. Main level is easily rentable at 2350 and lower level at 1300 a month. 7 Store plaza project was drawn by Razzmal Group Engineering Ltd. It is also listed as commercial with ML# 1384015. (id:2493)

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New property listed in Ottawa

Posted on April 2, 2024 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 1586 STITTSVILLE MAIN Street in Ottawa.

See details here

Calling on all investors. This is a true investment for you. It is zoned TM9 -Height 15m, think about what you can make out of this large lot. As for commercial uses, the following is a short list of permitted use: animal care establishment, instructional facility, day care, community center, school or training center, place of worship and for residential, it is permitted to build stacked dwelling townhouse dwelling planned unit development. You can have a mixed use structure as well. The current building on the property can generate money for you until you finalize your paperwork. 7 Store plaza project was drawn by Razzmal Group Engineering Ltd. It is also listed as residential with ML# 1384014. (id:2493)

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New property listed in Ottawa

Posted on March 30, 2024 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 415 1350 HEMLOCK Road in Ottawa.

See details here

FULLY FURNISHED Brand new 1 bedroom modern apartment in desirable WaterRidge village. Comfortable living with with low maintenance unit . Bright kitchen is equipped with extended height cabinets and upgraded appliances. Unit comes with parking spot 61, locker 126 right by the elevator. Bike racks available in the underground garage. Tenant pays electricity and water through Carma company. Minutes to Beechwood av, Montfort hospital, 10-12 min drive to Downtown. Enjoy gorgeous evening sunsets & Gatineau Hill vistas, walking/biking along the Ottawa River. Rental application, employment proof and credit report are required. (id:2493)

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New property listed in Ottawa

Posted on March 29, 2024 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 417 1350 HEMLOCK Road in Ottawa.

See details here

Brand new 1 bedroom modern apartment in desirable WaterRidge village. Comfortable living with with low maintenance unit . Bright kitchen is equipped with extended height cabinets and upgraded appliances. Unit comes with parking spot 61, locker 126 right by the elevator. Bike racks available in the underground garage. Tenant pays electricity and water through Carma company. Minutes to Beechwood av, Montfort hospital, 10-12 min drive to Downtown. Enjoy gorgeous evening sunsets & Gatineau Hill vistas, walking/biking along the Ottawa River. (id:2493)

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New property listed in Ottawa

Posted on March 29, 2024 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 407 1350 HEMLOCK Road in Ottawa.

See details here

Brand new 1 bedroom modern apartment in desirable WaterRidge village. Comfortable living with with low maintenance unit . It comes with parking spot 37, locker 121 in 53'd storage section. Bike racks available in the underground garage. Tenant pays electricity and water through Carma company. Minutes to Beechwood av, Montfort hospital, 10-12 min drive to Downtown. Enjoy gorgeous evening sunsets & Gatineau Hill vistas, walking/biking along the Ottawa River. Rental application, Equifax credit report and employment letter are required. (id:2493)

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Welcome to TRU Realty - Kevin Newman

Posted on March 28, 2024 by TRU Realty

Posted in Ottawa, Ottawa Real Estate, TRU, TRU Realty, TRU Realty Pro

Introducing Kevin Newman: A New Addition to the TRU Realty Team!

We are excited to introduce the newest member of the TRU Realty family, Kevin Newman! With a remarkable career spanning over three decades in Ottawa's real estate market, Kevin brings a wealth of experience, expertise, and a passion for helping clients achieve their real estate dreams.

Why Kevin Chose TRU Realty

Kevin's decision to join TRU Realty was influenced by several key factors:

Exceptional Management: Kevin was drawn to TRU Realty for its dedicated management team, who provide unparalleled support and guidance to Realtors. With a focus on mentorship and professional development, Kevin saw TRU Realty as the perfect environment to continue growing his career and serving his clients at the highest level.

Competitive Commission Plan: TRU Realty offers a competitive commission plan that ensures agents are fairly compensated for their hard work. Kevin was impressed by the brokerage's commitment to rewarding success and providing opportunities for financial growth.

Commitment to Professionalism: TRU Realty's emphasis on professionalism and excellence in real estate resonated with Kevin's own values. He saw TRU Realty as a brokerage that prioritizes integrity, transparency, and delivering outstanding service to clients—values that align perfectly with his own approach to real estate.

About Kevin Newman

With 40 years of experience in Ottawa's real estate market, Kevin Newman has built a reputation as a trusted advisor and expert negotiator. He has helped hundreds of buyers, sellers, and investors navigate the complexities of real estate transactions with confidence and ease. Kevin's dedication to his clients, coupled with his deep knowledge of the local market, has earned him a reputation as one of Ottawa's most respected Realtors.

Outside of real estate, Kevin is actively involved in the community and enjoys giving back through various charitable endeavours. He is passionate about making a positive impact both professionally and personally, and he looks forward to continuing to serve the Ottawa community with integrity and dedication.

Join us in Welcoming Kevin Newman!

We are thrilled to welcome Kevin Newman to the TRU Realty team and look forward to the contributions he will make as we continue to redefine excellence in Ottawa's real estate market. Please join us in extending a warm welcome to Kevin and stay tuned for more updates and insights from him as he embarks on this exciting new chapter with TRU Realty.

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New property listed in Ottawa

Ottawa Market Trends March 2024

New property listed in Ottawa

New property listed in Ottawa

New property listed in Ottawa

New property listed in Ottawa

New property listed in Ottawa

New property listed in Ottawa

New property listed in Ottawa

New property listed in Ottawa

New property listed in Ottawa

Welcome to TRU Realty - Kevin Newman

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