Sunday, January 6, 2019

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.bungalows sold orleans 2018
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.vanier condos for sale
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.
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
agent immobilier francophone