We are very excited to share our new listing at 101 RICHMOND ROAD UNIT#601 in Ottawa.
Elegance & Style in the heart of Westboro, featuring 1 bed, breakfast nook/DEN, GOURMET kitchen, boasting 669 square feet of upscale living space, 52 square feet of outdoor verandah, in-unit laundry. Monthly rent includes heat, A.C., ONE (1) underground parking and ONE (1) storage locker, walking distance to transit / LRT, parks, eateries and amenities, building amenities include: roof top terrace w/BBQ, theatre room, entertainment room, gym, sauna, courtyard. Condominium unit vacant, easy to show, available November 1. 48 Hour Irrevocable on all offers. (id:2493)
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We are very excited to share our new listing at 180 YORK STREET UNIT#306 in Ottawa.
Incredible Pied-a-terre in the Byward Market with coveted underground parking and a storage locker! South facing floor to ceiling windows flood light through the kitchen and living space. Equipped with stainless steel appliances, in-suite laundry, the open concept and efficient design make this a fantastic place to come home to after enjoying the endless opportunities of shopping, dining and entertainment in the most exciting part of the Capital! Enjoy a morning coffee or a nightcap on your generous sized balcony. Walk to work or to the LRT. Building amenities include a gym, private courtyard with BBQ and a party room youll love entertaining in! Condo fee includes heat, A/C and water! Whether urban lifestyle or downtown convenience this unit has everything you can hope for and all at an incredible value! Book your showing now! (id:2493)
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We are very excited to share our new listing at 79 BALDCYPRESS WAY in Ottawa.
Welcome to 79 Baldcypress Cres, a wonderful 5 bedroom, 4 bath home on a premium 46x130 lot just steps from the Abbottsville Pond & Trail! This rare bungalow with a loft level and lower level finished guest suite is hard to find! The flexible floor plan and 5 bedrooms give families lots of layout options! Neutral finishes and upgraded 9-foot ceilings and hardwood throughout give this home a light and airy feel. The open concept main floor is perfect for family life and entertaining, and also conveniently contains the primary bedroom with ensuite, a second bedroom or office, another full bath and laundry. A further 2 good sized bedrooms, full bathroom and a loft round out the second floor. This model was built with the upgraded guest suite in the basement- a 5th bedroom and the fourth full bathroom! This property ticks all the boxes and then some! Make this your new address now! (id:2493)
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Members of the Ottawa Real Estate Board sold 1,572 residential properties in August through the Board’s Multiple Listing Service® System, compared with 2,006 in August 2020, a decrease of 22 per cent. August’s sales included 1,175 in the residential-property class, down 25 per cent from a year ago, and 397 in the condominium-property category, a decrease of 9 per cent from August 2020. The five-year average for total unit sales in August is 1,684.

“August’s unit sales followed a trajectory typical of the resale market’s summer months with a considerable decline in transactions compared to the spring and 9% fewer sales than in July (1,724). The number of properties changing hands was on par with August 2017 and 2018 figures. The reason we see a sharp decrease compared to last year’s numbers is due to the first wave lockdown in spring 2020, which shifted that market’s peak to the summer and fall months,” states Ottawa Real Estate Board President.

“Year-to-date resales are at 14,728 and are 24% higher than this period in 2020, which clearly indicates we are in the midst of another strong year in the Ottawa market."

August’s average sale price for a condominium-class property was $407,148, an increase of 6 per cent from last year, while the average sale price for a residential-class property was $674,449, an increase of 14 per cent from a year ago. With year-to-date average sale prices at $722,526 for residential and $420,654 for condominiums, these values represent a 27 per cent and 18 per cent increase over 2020, respectively.*

“Supply continues to remain scarce, and that is the driving factor behind these price increases. New listings were down 400 units from July and 500 units from last August and below the 5-year average for the first time this year since February. Although inventory is approximately 5-6% higher than last year for both residential and condominium property classes, we are only at about 1.5 months’ worth of housing stock. To achieve a balanced market, we need 4-6.5 months’ supply of inventory."

“We are pleased to see that housing affordability and the supply shortage have been a predominant part of election conversations and federal party platform pledges - which is a step in the right direction. We look forward to the collaboration between municipal, provincial, and federal governments to establish measures which will effectively address these fundamental barriers to homeownership for all Canadians who desire to own a home.”

OREB Members also assisted clients with renting 3,182 properties since the beginning of the year compared to 2,232 at this time last year.
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We are very excited to share our new listing at 125 ECCLES STREET in Ottawa.
Excellent development opportunity in Prime Location! R4UD Zoning provides many potential options to build. Located less than a block from Preston & Somerset and steps away from all the Little Italy and Chinatown neighbourhoods have to offer - coffee shops, restaurants, nightlife & a myriad of unique businesses. Walking distance to the O-Train, Lebreton & minutes to the downtown core. Explore this opportunity now! (id:2493)
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Members of the Ottawa Real Estate Board sold 1,724 residential properties in July through the Board’s Multiple Listing Service® System, compared with 2,183 in July 2020, a decrease of 21 per cent. July’s sales included 1,312 in the residential-property class, down 20 per cent from a year ago, and 412 in the condominium-property category, a decrease of 24 per cent from July 2020. The five-year average for total unit sales in July is 1,775.

“July’s unit sales followed the traditional cycle of the spring and summer markets, which tend to peak around April or May and then slow down as Buyers and Sellers turn their attention to their vacations and other outdoor recreational activities,” states Ottawa Real Estate Board President. “This year’s figure is closer to 2019’s (1,838 sales) and just shy of the 5-year average, with the slight decline in transactions perhaps due to the combination of summer and the reopening of the economy last month. Certainly, the marked decrease from last year’s July sales is due to the spring 2020 lockdown, which had shifted the 2020 resale market’s peak to the summer and fall months,” she adds.

July’s average sale price for a condominium-class property was $419,545, an increase of 17 per cent from last year, while the average sale price for a residential-class property was $685,426, also an increase of 17 per cent from a year ago. With year-to-date average sale prices at $728,107 for residential and $422,339 for condominiums, these values represent a 30 per cent and 20 per cent increase over 2020, respectively.

“Following the same trend as sales, the month-to-month average prices decreased marginally by 4-6% compared to June; however, this minor dip is consistent to what typically happens during the summer months. Overall, average prices have increased considerably from 2020, and year-to-date values are holding steady. Still, Sellers will need to keep in mind that the multiple offer frenzy experienced previously is no longer the norm, and they may need to have more realistic expectations when positioning their homes and settling on a listing price with their REALTORS®.”

“We are seeing the housing stock increasing with residential inventory up 19% and condominium supply 23% higher than 2020. Although there were 700 fewer listings than in June, the number of properties that entered the market in July is over the five year average by approximately 114 units. Along with the price stabilizations, we hope this may indicate that Ottawa’s resale market is moving towards a more balanced state, which would be good for everyone.”

“Established in 1921, on July 9th, the Ottawa Real Estate Board commemorated 100 years of helping our neighbours, friends, and fellow residents buy and sell their homes, cottages and investment properties. Over the past century, our Board has advocated for affordable and attainable homes, as well as a range of housing options for seniors, first-time homebuyers and everyone in between. We pledge to continue this endeavour for our future clients in the years to come. On behalf of the Ottawa Real Estate Board and our 3,500 REALTOR® Members, I would like to extend my heartfelt gratitude to all of you who have put your trust in us to help you make your real estate dreams come true. We hope to continue to serve our communities for the next 100 years and beyond.”

OREB Members also assisted clients with renting 2,706 properties since the beginning of the year compared to 1,883 at this time last year

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We are very excited to share our new listing at 79 BALDCYPRESS WAY in Ottawa.
Welcome to 79 Baldcypress Cres, a wonderful 5 bedroom, 4 bath home on a premium 46x130 lot just steps from the Abbottsville Pond & Trail! This rare bungalow with a loft level and lower level finished guest suite is hard to find! The flexible floorplan and 5 bedrooms give families lots of layout options! Neutral finishes and upgraded 9-foot ceilings and hardwood throughout give this home a light and airy feel. The open concept main floor is perfect for family life and entertaining, and also conveniently contains the primary bedroom with ensuite, a second bedroom or office, another full bath and laundry. A further 2 good sized bedrooms, full bathroom and a loft round out the second floor. This model was built with the upgraded guest suite in the basement- a 5th bedroom and the fourth full bathroom! This property ticks all the boxes and then some! Make this your new address now! (id:2493)
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We are very excited to share our new listing at 79 BALDCYPRESS WAY in Ottawa.
Welcome to 79 Baldcypress Cres, a wonderful 5 bedroom, 4 bath home on a premium 46x130 lot just steps from the Abbottsville Pond & Trail! This rare bungalow with a loft level and lower level finished guest suite is hard to find! The flexible floorplan, and 5 bedrooms give families lots of layout options! Neutral finishes and upgraded 9-foot ceilings and hardwood throughout give this home a light and airy feel. The open concept main floor is perfect for family life and entertaining, and also conveniently contains the primary bedroom with ensuite, a second bedroom or office, another full bath and laundry. A further 2 good sized bedrooms, full bathroom and a loft round out the second floor. This model was built with the upgraded guest suite in the basement- a 5th bedroom and the fourth full bathroom! This property ticks all the boxes and then some! Make this your new address now! (id:2493)
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We are very excited to share our new listing at 541 CHURCHILL AVENUE N in Ottawa.
Family sized home with large In-Law/Nanny suite. Great Neighbourhood! Versatile potential. Short walk to great schools (like Nepean HS and Broadview PS). Steps to cafes, restaurants and stores of Westboro Village and close to the beach. On the Churchill Bike Path. Nicer interior than you might expect, hardwood throughout main and 2nd floor, ceramic in lower. Trees make a private yard. Property has been rented by great tenants since 2007, may be willing to stay. According to zoning, commercial use allowed, possible live/work. Currently a daycare. 2 bed lower suite has it's own entrance, great for Multi-Generational living, teenagers, college students, or a nanny and income potential. While it can benefit from some updates it is a lot of room for the price in Westboro. The upper roof (not visible) was done within the last 5 years. The co-owner is the listing agent. 24 hour notice for showings and no showings before 6 pm during the week, tenants may be present. (id:2493)
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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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