New property listed in Metcalfe
I have listed a new property at 1615 LONEY CRESCENT in Metcalfe.
Rarely offered in the Country Hill Estates near Metcalfe, this custom built bungalow has over 2100 sf on a 3 acres lot. This home offers open 9 ceiling, high-end finishings, open floor plan in the living-kitchen area, formal dining room and access from garage to the mud room. Featured highlights are marble and engineered hrdwd flr, security surveillance system, ceiling to floor windows, linear electric FP, and so much more. This dream chef-kitchen comes with an X-wide island, natural stone countertop, S-by-S Fridge/freezer, 5-burner gas stove, pot filler, and more. After a bustling day, pamper yourself in this free-standing bathtub in the ensuite bath. The backyard has a 1320 sf of patio slab for outdoor entertainment. There is plenty of space to add an inground pool, a great opportunity to add your personal stamp. Need more space for your toys? No problems-plans for a detached garage/workshop have been approved by the City. No conveyance of written offers prior to 6 pm, May 26. (id:2493)

New property listed in Ottawa
I have listed a new property at 138A LINDENSHADE DRIVE in Ottawa.
Available immediately - Beautiful 2bed/1bth unit features an open concept living-dining and kitchen area overlooking onto Lindenshade Park. Southwest exposure, the unit is sun-filled with natural light. Freshly painted throughout. The kitchen is equipped with stainless steel appliances. The laundry is also in the unit. An exclusive use of a front courtyard for your BBQ and entertaining. Walking distance to the Market Place, restaurants and shops. One underground parking space is also included. Book your private viewing today. (id:2493)

Members of the Ottawa Real Estate Board sold 1,889 residential properties in April through the Board’s Multiple Listing Service® System, compared with 2,394 in April 2021, a decrease of 21 per cent. April’s sales included 1,419 in the residential-property class, down 23 per cent from a year ago, and 470 in the condominium-property category, a decrease of 13 per cent from April 2021. The five-year average for total unit sales in April is 1,849.

“With the number of transactions just slightly over the 5-year average, this was one of the weakest performing Aprils we have seen in a while,” states Ottawa Real Estate Board’s President Penny Torontow. “Considering that the number of new listings increased last month, it is a bit of a surprise that sales were off.”

“Certainly, there are a few factors at play: rising interest rates, growing Buyer frustration, April’s cooler temperatures, as well as the housing supply measures recently announced by the government - these could all be causing Buyers to pull back with a wait-and-see approach. We are watching the rest of the spring market closely to determine if this could perhaps be an early indicator of a shift in the market. Since April is only one month, we will be monitoring to see if it becomes a trend moving forward.”

“The fact remains that it is still a Seller’s market with supply under one month. Bidding wars and multiple offers persist in some pockets, prices continue to rise, albeit more moderately, and the market remains relatively strong,” she adds.

The average sale price for a condominium class property in April was $473,702, an increase of 11 per cent from 2021, while the average sale price for a residential-class property was $829,318, increasing 12 per cent from a year ago. With year-to-date average sale prices at $830,588 for residential and $469,603 for condominiums, these values represent a 13 per cent and 12 percent increase over 2021, respectively.*

“Limited supply and high demand will continue to place upward pressure on prices. And as long as there are Buyers willing to pay, average prices will reflect the inventory shortage. However, it is conceivable that price growth may moderate as we do not see the level of price escalations that occurred earlier in the pandemic,” Torontow suggests.

“Although the number of new listings in April (2,846) was down by 11% from 2021, the number of properties that entered the market was still 10% over the 5-year average (2,600), and 214 units more than what was added to the housing stock in March. This has increased Ottawa’s months of inventory to just under a month’s supply. In March, it was just over two weeks. This is good news for potential Buyers as they will have more options and more opportunities to enter the market.”

“In fact, the condominium market may be performing slightly better than residential property classes due to the fact that they are the most affordable price point to enter the market and could possibly now be considered the new entry-level property type.”

“We have also noticed a marked increase in the number of rental properties listed on the MLS® System. Since the beginning of the year, OREB Members assisted clients with renting 1,786 properties compared to 1,458 last year at this time. An increase of 23% and almost double the quantity recorded in pre-pandemic years. As for lease prices, the average cost for a 1-bdrm is approximately $1,850, and a 2-bdrm is $2,200 for rentals listed on the MLS® System. These values are roughly 3-4% higher than this time in 2021. Ottawa REALTORS® are an excellent resource when it comes to finding a rental property or vetting tenants – contact one today!”

* 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. Price will vary from neighbourhood to neighbourhood.


New property listed in Ottawa
I have listed a new property at 249 MONTEREY DRIVE in Ottawa.
Amazing location! This solid well built townhome has so much to offer. The spacious kitchen has lots of cupboards and a sun filled window and patio door. Open concept Living & Dining Room leads to the spacious patio and pergola. Hardwood flooring on the main floor including the stairwell. There are 3 bedrooms upstairs - primary bedroom has a full ensuite & tons of closet space. Additional bedroom in the basement is carpeted, cozy and perfect for a home office. Laundry and extra storage complete the basement with access to the underground parking. Monthly association fee covers for landscaping, snow removal & parking. Offers to be presented on May 10th, 2022 at 6:00 pm - seller reserves the right to review or accept pre-emptive offers. Open house Sunday, May 8th, 2-4pm. (id:2493)

New property listed in Ottawa
I have listed a new property at 179 GEORGE STREET UNIT#1601 in Ottawa.
Available immediately - ALL-INCLUSIVE and FULLY FURNISHED 2bed/1bth unit in the heart of the Byward Mkt. The unit features an open concept living-dining and kitchen area of over 775 sf (plus 99 sf of balcony space). A northeast exposure corner unit, it offers loads of natural daylight. From the balcony, it has an unobstructed view of the Ottawa River, overlooking the southeast of the city and a glimpse of Parliament Hill. Laminate floor, ceramic tiles, and 9 ceiling throughout, the ceiling to floor windows in the main living space are breathtaking. Freshly painted throughout. New tile floor in the kitchen and stainless steel appliances. The laundry is also in the unit. Walking distance to the nearest LRT station, Rideau Centre, Parliament Hill, Byward Market, restaurants and eateries are at your fingertips. One underground parking space is also included. Book your private viewing today. (id:2493)
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