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New property listed in Ottawa

We are very excited to share our new listing at 1035 APOLUNE STREET in Ottawa.
Welcome to this beautiful brand-new home on a premium corner lot in desirable Half Moon Bay. The builder provided exceptions to the seller for designer upgrades not available to other buyers at the time. Nothing has been spared, the upgrades were carefully selected to make this home stand out above the rest. The main floor features an inviting open concept living room and dining room w/ upgraded oak hardwood flooring that leads to a chef's gourmet kitchen with a large, upgraded waterfall island, upgraded cabinetry, backsplash, quartz counter tops & stainless-steel high end smart appliances. The den provides additional seating area for guests. 9' ceilings on both the main and 2nd floor with expansive windows creates a beautiful and bright living space. Primary bedroom hosts large W.I.C. & luxurious spa-Like 5pc ensuite w/free-standing tub, glass shower & upgraded double vanity. Massive loft & additional 2 bedrooms on second floor. Too many upgrades to list! (id:2493)
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Ottawa Market Trends October 2022
Members of the Ottawa Real Estate Board sold 987 residential properties in October through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,670 in October 2021, a decrease of 41%. October’s sales included 758 in the residential-property class, down 40% from a year ago, and 229 in the condominium-property category, a decrease of 44% from October 2021. The five-year average for total unit sales in October is 1,554.

"After the volatility of the past two pandemic years, which was unsustainable, the market is correcting and adjusting," says the Ottawa Real Estate Board President. "The slowdown is compounded by Bank of Canada interest rate increases, which further exacerbates buyer hesitancy and weakens people's purchasing power—especially first-time homebuyers."

“Demand is still high, and with increasing inventory available, Buyers have more choices and time to shop for their new home. However, the ongoing speculation about where prices and interest rates are headed shakes consumer confidence and has made some prospective Buyers take a wait-and-see approach.”

“Sellers may be understandably concerned about market fluctuations, which have been more drastic lately. As with any major investment, a longer-term perspective is important. The significant year-over-year gains of the last two years were not sustainable. If you have owned your property for any length of time, your equity has increased significantly and will buffer price corrections. If you buy and sell in the same market, it is all relative.”

By the Numbers – Inventory & New Listings:
  • Months of Inventory for the residential-class properties has increased to 3.3 months from 1 month in 2021.
  • Months of Inventory for condominium-class properties has increased to 3 months from 1.2 months in 2021.
  • October’s new listings (2,047) were 4% higher than 2021 (1,960) and down 14% from September 2022 (2,371). The 5-year average for new listings in October is 1,971.

“Buyers and Sellers need to carefully analyze their own unique circumstances. No one can predict with absolute certainty what will happen next year, but in the highly employed and stable Ottawa market, real estate has been and continues to be a good investment over time. They don’t have a crystal ball, but mortgage brokers and REALTORS® have the education, expertise—and most importantly, the data—to help people make an informed decision for their specific situation.”

By the Numbers – Average Prices:
  • The average sale price for a condominium-class property in October was $445,691, an increase of 9% from 2021.
  • The average sale price for a residential-class property was $677,873, decreasing 5% from a year ago.
  • With year-to-date average sale prices at $780,390 for residential units and $456,470 for condominiums, these values represent an 8% increase over 2021 for residential-class properties and a 9% increase for condominium-class properties.

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 5,186 properties compared to 4,012 last year at this time.

Courtesy of the Ottawa Real Estate Board
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New property listed in Ottawa

We are very excited to share our new listing at 557 DECOEUR DRIVE in Ottawa.
Come and explore this beautiful townhouse! This Haven model built by Minto Communities welcomes you with it's smart and cozy floor plan layout. Inside this like new home, you'll find an upgraded kitchen, upgraded bathrooms, and high quality laminate on the main floor, and upstairs landing. Conveniently located close to various big box stores, restaurants, and minutes away from the Orleans Health Hub hospital. Spacious and partly finished basement with a rec. room and additional storage. Located on a family oriented street within the Avalon Encore community. Close to schools, shopping and steps to public transit. No front yard neighbors, instead you are welcomed with a park to relax in, just steps from your front yard. Just step inside the home, and you'll be ready to settle in! (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 384 BLAKE BOULEVARD UNIT#1 in Ottawa.
Newly renovated and cute 2 bedroom step down unit in a boutique lowrise in the heart of Vanier. Brand new fridge and stove, freshly painted throughout, new flooring, electrical and plumbing upgrades, beautiful bath with glassed in shower and convenient washer and dryer tucked in with handy shelving above. Enjoy the high ceilings and rounded entry details. Spacious principal bedroom with mirrored closet. 2nd bed could be an office/den or work out room. Walk straight out the back door to your own spacious covered patio perfect for summer BBQ's and just steps up to your parking. Key fob entry. Low Condo fee include TAXES, HEAT & WATER!!! Perfect for the first time buyer to have a friend rent a room to help out. Minutes to downtown, Byward market, shopping and transit. FreshCo. groceries literally right around the corner, Tenant in Common, Co-Operative building where ownership is shared. Live where you can make a difference. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 728 LOGPERCH CIRCLE in Ottawa.
***NEW PRICE***. Gorgeous END unit 3+1 bdrs plus den with tons of upgrades in desirable half Moon Bay! Unit comes with IN-LAW SUITE in the fully professionally finished basement! Main floor offers an OFFICE/DEN that can be converted into a 4'th bedroom, quartz countertops in the kitchen, hardwood flooring, beautiful fireplace and plenty of pot lights. Lower level contains recreation room, exercise room that is equipped with electric fireplace, second laundry ( 2 washing machines, 2 hood fans, 2 dishwashers are included) , full bathroom with a stand-up shower and kitchenette. Perfect for in-laws and teenagers. There is an option of making pedestrian door in the garage and create an investment pocket in that house. Extended driveway. Spacious fully fenced backyard has patio tiles and functional custom made shed/storage. BQ is included. Close proximity to all amenities incl Minto Rec Centre, Parks, Transit and Schools. 24 hours irrevocable on all offers. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 557 DECOEUR DRIVE in Ottawa.
Come and explore this fully furnished townhouse! This Haven model built by Minto Communities welcomes you with it's smart and cozy floor plan layout. Inside this like new home, you'll find an upgraded kitchen, upgraded bathrooms, and high quality laminate on the main floor, and upstairs landing. Conveniently located close to various big box stores, restaurants, and minutes away from the Orleans Health Hub hospital. Spacious and partly finished basement with a rec. room and additional storage. Located on a family oriented street within the Avalon Encore community. Close to schools, shopping and steps to public transit. No front yard neighbors, instead you are welcomed with a park to relax in, just steps from your front yard. Just step inside the home, and you'll be equipped to fully settle in! (id:2493)
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TRU Realty Training - Dealing with Death & Divorce

Featuring Michael D'Aloisio - Partner with Kelly Santini LLP

Dealing with Death & Divorce can strike fear in even the most experienced Realtor! Mike will inspire confidence in dealing with these potentially scary issues by answering questions such as: What is an Estate? Who is a Spouse? Whom do you deal with? Who signs what & when? What documents are required? And much more!

Since 2009, Mike has built a practice catering to the many legal needs of real estate buyers, sellers and wills and estates with sage advice with respect to estate planning strategies that can help his clients achieve their goals and minimize tax obligations now and in the future. In addition, Mike has become a well-known speaker on legal issues in the Ottawa area. You will not want to miss this event!

Date and time: Wednesday, October 19, 2022, Noon – 1:00 PM EDT

Location: TRU Realty, 403 Bank Street, Staples Spotlight Theatre, Ottawa, ON K2P 1Y6

Limited Seating so RSVP asap: Here


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New property listed in Ottawa

We are very excited to share our new listing at 2039 ALLEGRINI TERRACE in Ottawa.
Welcome to a stunning energy-efficient home with 3 bedrooms and 2.5 bathrooms. This home is built in 2022. Hardwood flooring throughout the kitchen & living/dining, and upgraded ceramic tiles in the entry and powder and washrooms. Quartz countertops with breakfast bar and bathrooms, hood fan, brand new stainless steel appliances in the kitchen. The master bedroom is spacious and has 3pc ensuite with an oversized walk-in shower and large walk-in closet. The other 2 bedrooms are generous in size, Laundry conveniently located on 2nd level. Basement is fully finished with rec room, oversized windows and a full 3pc washroom. Popular family-friendly neighborhood of Bridlewood Trail, close to schools, parks, and everyday amenities. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 347 ARDMORE STREET in Ottawa.
Beautiful Urbandale townhome in desirable Riverside South. This popular Franklin II model has over 2000 square feet of well designed living space and welcomes you with a spacious foyer which features a custom built-in bench. Many upgrades throughout the home including granite countertops in the kitchen and upgraded berber carpet. Hardwood flooring through out the main level, w/ a natural gas fireplace in the living room. On the second level, the primary bedroom has a walk-in closet & 4-pc ensuite with granite countertops & soaker tub. Two more good sized bedrooms on the second level including laundry, full bath & computer nook w/ custom built-in desk & shelving. The fully finished basement features a rec room and two storage rooms. Quiet neighbourhood in a central location close to all amenities! (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 24 WAVERLEY STREET in Ottawa.
Welcome to a classic turn-of-the-century townhome in Ottawa's Golden Triangle, just steps from the historic Rideau Canal, Parliament Hill and all the city has to offer! Home is completely updated - eat-in kitchen, baths, some exposed brick interior walls, fireplace, third-floor master suite with sauna and huge rooftop deck with view of the canal, rear deck off kitchen, oversized single garage with opener and inside access. Make this your new address now! (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 66 NEWBOROUGH CRESCENT in Ottawa.
Fully Furnished! 4 bedrooms + finished basement. It's a rare found for move in ready relocation. This house has a beautiful corner lot house of 4+1 bedrooms and 3.5 baths in a desired family friendly neighborhood in Barrhaven. Main level features a formal living/ dining room with warm colored interior, a family room with a gas fireplace adjacent to large kitchen with plenty of natural light and eating area. Second level features 4 large size bedrooms, one of them is the master bedroom with ensuit and walk in closet. The basement has a full large bathroom, a bedroom and a recreational area. Call now before it's gone! (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 3225 RIVER ROCK AVENUE in Ottawa.
Welcome to this gorgeous detached home in family-friendly community of Half Moon Bay! With 3 beds and 3 baths - This home is perfect for your family, just move in! The home is situated on a quiet street and within walking distance to Minto Recreations, Parks, and Public Transit! The spacious main floor is bright, open-concept, and features upgraded hardwood. The living room is perfectly sized with a gas fireplace and tons of natural light. The spacious and modern Kitchen with all the s/s appliances, tons of cabinet space, and a large breakfast nook with a window seat allowing light to flood in. Upstairs, you will find a huge primary bedroom with a walk-in closet, and a luxurious 4-piece ensuite bathroom with a standup shower and soaker tub! Two additional, generous sized bedrooms, a Jack & Jill main bath, and a laundry room complete the second level. Live in a very desirable neighborhood of Half Moon Bay! Fully fenced backyard with interlocked patio and 3 huge Garden/Vegetable beds. (id:2493)
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