Bungalows for Sale in Orleans 2018 Insights

The suburb of Orleans saw a total of 115 bungalows sell in 2018. This is a decrease of 4.9% over 2017. Bungalows have become quite popular as Ottawa's population is ageing and a large portion of people are looking for property types that could support them in the later years of their life. Elderly buyers or buyers with mobility issues will favour bungalows over 2 storey or other types of properties that have stairs.

The suburb of Orleans continues to grow with lots of new constructions happening South of Innes Road. However, new home builders tend to focus their attention on single family homes and freehold townhomes that yield a higher return on their investment. This leaves buyers fighting to pick up the existing inventory of bungalows already built.

The large majority of bungalows in Orleans are located in the area North of Innes which is considered the older part of Orleans. Most of these homes were built in the 70's and80's and feature generous size lots with mature trees quite a different setting from the newer subdivisions such as Avalon where lots are smaller and homes closer to one another.

The average sold price of bungalows sold in 2017 was $425,860. These properties have increased an average of 8.46% in 2018 to reach an average price of $461,896. This influx in price is largely due to the lack of inventory and the growing and ageing population. Orleans, however, continues to be one of the least expensive suburbs of Ottawa where one can buy a home.

Orleans bungalows are also selling quicker than before. The average days on market for bungalows sold in 2018 was 30. Down 33% from 2017 where bungalows took an average of 40 days to sell. The list price to sale price ratios, however, remains around 98% meaning sellers, on average, get 98% of their asking price.

If you are thinking of buying or selling a bungalow in Orleans in the coming months and would love to discuss your real estate needs be sure to call or text me at 613-889-7732. I look forward to hearing from you.

Source: OREB - MLS Districts: 1101-1107,2001-2013

Condos for Sale at 158 McArthur Avenue in Vanier

The condo buildings at 158 McArthur Avenue are best known as Chateau Vanier. The Chateau Vanier condos are a complex of 3 condominium towers located at the corner of Vanier Parkway and McArthur Avenue just East of Ottawa's downtown core. The condo towers are popular with young professionals as well as elderly couples looking for worry-free and maintenance free living.

The Chateau Vanier condo complex is conveniently located on major bus routes and bike lanes giving you quick access to Ottawa's downtown. Those who love the outdoors will love the nearby Riverain Park which borders the Rideau River on the East side. Across from the condo buildings is a Loblaws and Goodlife Fitness for Women. Popular nearby businesses include the McArthur Bowling Lanes, Louis Pizza, The Beer Store, LCBO as well as many more shops located on McArthur Avenue and nearby Montreal Road.

Residents of the Chateau Vanier condos at 158 McArthur Avenue have access to an indoor pool, a party room, a fitness centre as well as a sauna. There are also bike racks, workshops, a hair salon, a tax office as well as a library within the complex. The 158 McArthur social committee also organizes weekly events that residents can partake in.

There was a total of 26 condo units that have sold in 2018 down from 38 units in 2017. Condos units sold in these 3 buildings have been selling quickly. The average days on market is 57 days which is a 26.7% decrease compared to 2017. The average sold price of units sold at Chateau Vanier was $183,096 in 2018 which makes these condo units very attractive.

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If you or someone you know is interested in viewing units currently for sale at Chateau Vanier or if you know of someone that is looking to sell their current condo located at 158 McArthur please call or text me at 613-889-7732. I would love to discuss your real estate needs.

Je parle aussi français, au plaisir de travailler avec vous. 613-889-7732

Ottawa sees Home Prices Increase by 6.6% Year of Year

Ottawa's real estate market has seen a strong year. The average price of a residential-class property in Ottawa has increased by 6.6% year over year. This increase is led by a 7.4% increase in prices of two-storey single-family homes. The graph below shows the price increase since 2005.

If you are contemplating buying or selling a property in Ottawa in the coming months and would like to discuss your plans call Ottawa real estate agent, Roch St-Georges at 613-889-7732.

Vanier Construction Projects - December 2018

The neighbourhood of Vanier located east of Downtown Ottawa has been seeing lots of new construction projects include many different types. From infills of single family homes to semi-detached properties all the way to planned condominium developments to retirement homes. Vanier has been seeing lots of movement when it comes to real estate. Here are some real estate projects currently underway in the Vanier neighbourhood at the beginning of December 2018.

67-71 Marquette Avenue

Builders are now on the second level of this 3.5 storey apartment building that will house 22 rental units and as well as covered parking.

62, 64, 66, 68, Jolliet Avenue

Homes are being built on this site with front/back units.

135 Barrette Street

Condominium project located in Vanier between Beechwood Avenue and Barrette Street. It will see the existing church repurposed for a retail food store, a restaurant at grade level, a new building as well as underground parking. There will be 38 residential units and 44 parking spots.

136 Laval Street

This property one had a detached house. This house has been demolished and in it's place the landowners have built semi-detached homes.

If you are planning on buying a property or land for investment in the Vanier area or have questions about the Vanier real estate market please call 613-889-7732 to discuss with Roch St-Georges, Ottawa real estate agent with EXIT Realty Matrix.

If you want to use any of these pictures please make sure to link back to this website. Thanks

5 Things to Know When Buying A Home

Buying a own home in Ottawa is the goal of many. You have enough money to buy a home, but you have no idea on how to buy a Ottawa house that will suit for you. Are you looking for an article that will help you to buy your dream house? You are now on the right path because this article will give you 5 things that you must know before buying a home in Ottawa. This will help you a lot. The things you must need to know are as follows:

Have enough financial money

Saving enough money to buy your dream house gives you many benefits. The first one is, having and enough money to buy your house will save your time for browsing or visiting a different house which is you can’t afford.  It is a worse feeling of being attracted by the house then you realized that your money is not enough to buy that house. Having enough money will also benefit not just you but also your realtor. Sellers will think that you are serious about buying a house in Ottawa through your smart bidding. Smart bidding with your Ottawa realtor will give you the advantage to get the house you wanted. Saving enough money is the first thing you must do before buying a home.

Know your taste and style of living

You must know your taste of living. Do you want to live in urban places? Examine yourself on what type of place do you want to buy your Ottawa home. Before buying your dream house, make sure that it will suit your taste because if it didn’t your money will be worthless. Try to visit some places first, and if you feel that you are comfortable at that place, you can start on finding a house that is located in that place.

Have email notifications alerts for Homes listed in Ottawa

Having a notification alert will save your time visiting different places just to see if the house fits your criteria. There is an automated tool that will alert you if there is a sale of a Ottawa house that is suitable for you. You will just set the things you want on buying a house and just wait and relax until there is an alert that there is a house that will suit on your taste.

Find your Ottawa Neighbourhood that is best suited

You must also choose the house that was located in a peaceful place. It depends upon on what is your own definition of peaceful place. You must also find a house that is located in a risk-free area. In case of an emergency, you can assure that you are safe inside your Ottawa house.

Don’t give your money off without the house title

This tip will help you from being robbed by your seller. Once the contract is made, then you must ask and claim the title of the house before you give your money to them. There is nothing wrong for being assured.

The above tips are the things you must know before buying your dream home.

Thanks to Jessica for submitting this.

Students Arriving in Ottawa Finding Few Rental Options

Ottawa's summer is coming to an end and this means students from Ottawa's Universities and Colleges are back in Ottawa looking for apartments for the school year to come.

Those who were able to secure apartments before the summer started are feeling a sigh of relief as they will not have to compete with those looking for spaces for September 1st. The latest CMHC data from October 2017 shows Ottawa's vacancy rate at 1.7%. Average rent for the City at that time was $1,136.

According to PadMapper, a popular rental website says property prices saw double digits growth in 13 of the 25 Canadian cities last year. The median price one-bedroom apartment in the City of Ottawa in July was $1,250 up 15.7% from last year.

Investors looking to purchase condos or houses for investment purposes call Roch St-Georges at 613-889-7732 to discuss your real estate needs in Ottawa. I also provide on-going property management services and tenant placement services.

Ottawa University LRT Station - Update

The Ottawa LRT is scheduled to open later this year and some stations are looking great! Here are a few shots from the Ottawa University Station (uOttawa LRT Station).

Those looking to live near the Sandy Hill, the ByWard Market or Centre Town be sure to visit our uOttawa LRT station page to find local accommodation. Looking for assitance to buy or rent in the area call 613-889-7732