Ottawa Real Estate Prices for 2024: Prices are going up 1.6% on a year-over-year
The OREB MLS OF Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.
The overall benchmark price was $628,900 in November 2023, nearly unchanged, up only 1.4% from November 2022.
The benchmark price for single-family homes was $708,900, up 1.6% on a year-over-year.
By comparison, the benchmark price for a townhouse was $492,300, nearly unchanged, up 0.8% compared to a year earlier.
The benchmark apartment price was $424,300, up 1.2% from year-ago levels.
The average price of homes sold in November 2023 was $633,138, decreasing 0.8% from November 2022. The more comprehensive year-to-date average price was $669,536, a decline of 5.7% from 11 months of 2022.
The dollar value of all home sales in November 2023 was $458.4 million, down 2.4% from the same month in 2022.
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.
LOW INVENTORY IN THE OTTAWA REAL ESATE MARKET JAN 2024
Still plague Market and causes prices to increase once again.
Rare upper corner unit: 2 bed, 2.5 bath two-storey stacked condo nestled in the heart of Barrhaven! Centrally located with easy access to schools, shopping, groceries, fitness facilities, and transit, all within walking distance. Impeccably maintained and richly upgraded, boasting over 1,400 square feet. Facing west, this unit bathes in natural light, offering captivating sunrise and sunset views. Recently refreshed with new paint throughout (2023). The open concept main level features Brazilian cherry hardwood floors, oak kitchen cabinets, a charming gas fireplace with a marble mantle, and a bay window sitting area in the living room. Enhanced with upgraded pot lights and a renovated powder room (2020). The upper level offers two spacious bedrooms, each with ample closets and its own en-suite bathroom; one bedroom includes a private balcony. Includes one convenient parking space right at your doorstep, with plenty of visitor parking available as well. (id:35885)
Welcome to 3 Bed. & 3 Bath. Executive Townhouse in Stittsville's Blackstone Community! This stunning RICHCRAFT STILLWATER MODEL is sure to impress! Loaded w/ upgrades & designer finishes thru-out. A rare townhome due to it’s immense size. Boasting a massive 2243 sq ft of living space (+finished basement) with an open concept layout, this beauty has it all: stylish exterior, matte distressed hardwood, upgraded cabinets, upgraded quartz counters, chef’s kitchen (extended island 109" x37"), SS appliances, AMAZING LOFT (ideal office/kids play/studdy area) 2nd level laundry. SPRAWLING great room w/ gas fireplace, living/dining rooms, high ceilings, loads of windows. This home lives and feels like a single. Lovely principal retreat with an IMPRESSIVE spa-like ensuite. Extra long & wide driveway(space for 3 car parking), MAINTENANCE-FREE yard, complete landscaping, & a LARGE deck.This home is walking distance to parks, pond, Trans Canada trail, restaurants, grocery & more. Welcome home! (id:35885)
This fantastic row unit is located in a prime spot close to schools, parks, and shopping. It features 3 bedrooms, 2.5 bathrooms, and beautiful hardwood floors on the main level. The dining room is spacious and the gallery kitchen is perfect for cooking up a storm. Upstairs, you'll find 2 bedrooms, a large main bathroom, and a primary bedroom with a walk-in closet and a 4-piece ensuite. The finished basement includes laundry, storage, and a cozy gas fireplace. All wet floors have ceramic tiles for easy cleaning. Recent upgrades include granite counters, waterproof flooring, and new carpet on the stairs. This home also has air conditioning and a private yard. Don't miss out on this modern, upgraded gem that's close to all amenities! (id:35885)
Welcome to the beautiful neighbourhood of Chapel Hill South, close to nature trails, parks bust routes, Innes Road and the Queensway. This single family home has a large living room and dining room a comfortable sunfilled family room and kitchen with separate eating area. The upstairs has three good sized bedrooms and two bathrooms the primary bedroom has an ensuite bathroom. The west facing backyard has full sun exposure and ready for your own backyard oasis. The basement is unfinished and ready to design your own entertainment area, home office etc. (id:35885)
Renovated to include a main level office, this 3-bedroom, 3-bathroom END UNIT condo townhome offers stunning views of Centrepointe Park. Built by Minto, it spans over 2,000 sq. ft., featuring hardwood floors on the main and second levels, laminate floor through out basement. Granite countertops in the kitchen and main bathroom, and more! Located at 108 Stonebriar Dr., it promises privacy, tranquility, and perfection. (id:35885)
Location!! Immaculate & spacious two large bedrooms with one bathroom Condo located directly across from Smyth Transit Station. View of the City & River. This property is minutes away from the General & CHEO hospitals. Close to shopping centers, bicycle paths, train station, LRT with easy access to 417. Rent includes: Hydro, Heat, Laundry(Same floor next to the apt), Water/Sewer, party room, indoor pool, gym, tennis court, sauna, games room and a tuck-shop. Underground Parking P2#197 and Locker P1#13. (id:35885)
Opportunity Awaits. Home has an absolutely fantastic layout, but requires TLC. For a homeowner willing to put the work in, there is opportunity here!! Want an Open Concept living/dining/kitchen with Soaring ceilings and Hardwood floors? What about a primary bedroom with ensuite and walk-in closet? Looking for 3 full bathrooms or a giant lower level recreation room? It's all here, and it's in a great, quiet, neighbourhood close to parks and walking paths. There's inside entry from the garage and main floor laundry. Lower level has 2 more bedrooms (pls take jog into consideration re: second basement bedroom dimensions) and lots of storage space. Come see this property with an open mind! Seller does not warrant any aspect of the property. Offers presented July 9 at 2:00 pm and 24 hours irrevocable required. (id:35885)
Excellent lot for year round residence on Adam Lake. If you know Adam Lake you know why this lot offers a unique opportunity, Adam Lake offers access to the entire Rideau lakes system from a sheltered perspective. This lot rises gently from waterfront to the road. (id:35885)
Great lot with great waterfront! Cottage could be ressucitated if you are looking for seasonal dwelling but it would be a big job, a major renovation is required. Excellent location for a year round dwellling, the lot rises gently from the shore to the road. Adam Lake offers unique access to the Rideau Lakes System take to to investigate the lake if you are not familiar. (id:35885)
Welcome to a contemporary townhouse situated in the peaceful suburbs of Half Moon Bay. This generously sized home features modern design elements, including large windows that fill the space with abundant natural light. The open-plan living areas include a sleek kitchen with high-end appliances and luxurious finishes throughout. With multiple bedrooms, ample storage, and a fully fenced private backyard, this corner unit townhouse offers the perfect blend of comfort and modern convenience. Experience the tranquility of suburban living with easy access to amenities and green spaces, making it an ideal retreat for families or professionals looking for a serene lifestyle.24 hours irrevocable on all offers (id:35885)
FULLY RENOVATED Lower unit in a Beautiful all-brick bungalow on oversized landscaped lot , large bright new huge kitchen "all St/St appliances are new" with quartz countertop.. Bright living and eating area with . Good sized 4 bedroom , the primary bedroom with ENSUITE 3 piece Bathroom + 3 other bedrooms along with a 3-piece main bathroom . new Laundry unit , 1 surface parking spots. GREAT LOCATION ,5 min. to Algonquin college and College Square mall . Quiet family friendly neighborhood close to high ranked schools and playgrounds. Water and Gas are included in rent . (Rental application, credit report, letter of employment +Photo ID + three current pay stubs) . "No Smoking, no pets (id:35885)
Welcome to 2012 Azalea Lane! Stunning 3+1 bedroom home in Orleans, conveniently located near numerous walking trails, parks, and amenities! The main living area boasts gleaming hardwood floors and a spacious galley-style kitchen that opens to a fully fenced, private backyard. The upper level features a large den/living space with a gas fireplace and three generous bedrooms, including a primary suite with an ensuite bathroom and deep soaker tub. The lower level, with its laminate flooring, has been previously used as a bedroom and includes its own ensuite bathroom. Lawn care and snow removal are managed by the landlord. The hot tub has not been used in three years, and the landlord does not guarantee its functionality. If the tenant wishes to use the hot tub, they will be responsible for its maintenance. Applications must include full credit reports, proof of income, and government-issued IDs. (id:35885)
Great starter home , investment property or retirement home. 3 bedroom, 1 bathroom bungalow in excellent location on paved county road. Walk to the North Grenville Municipal Centre, bowling alley, 2 golf courses & Kemptville Mall. Short drive to Colonnade Mall with Walmart, Canadian Tire & more, downtown, local schools & Churches. Easy commute to Ottawa via Hwy. #416 - only 25 minutes to Bayshore. Quick occupancy. Property currently used as a residential property but zoning C3 Highway Commercial offers potential future possibilities. (id:35885)
Welcome to The Charlotte! Ideally located, walking distance to restaurants, shops, parks and transit. Designed for relaxation after a full day at the office or work from home environment. A spacious, open-concept living complete with a primary suite with a spa like ensuite, an additional bedroom flooded with natural light and full-sized den! The terrace is the largest one in the building, great for BBQ's with friends or quiet afternoons enjoying your favourite book. The parking space is ideally located right beside the elevator! The building offers a fantastic range of amenities: rooftop pool, fitness centre, pet wash station, guest suite, outdoor terrace, fire pit, bike maintenance area, games room, party room w/bar! (incl in lease: 1 underground parking & storage locker) (id:35885)
Beautiful end unit! This 4 bedroom/4 bath/private office and finished basement is beautifully maintained & move-in condition. Gorgeous layout w beautiful upgrades throughout, large windows offering loads of natural light. Ideal for entertaining family & friends. Open concept gourmet kitchen w dining room & inviting living room w gas fireplace. Gourmet kitchen offers high-end stainless steel appliances, quartz countertops. The patio door offers access to a private backyard. Private office on the main level with large windows. The 2nd level offers a spacious primary bedroom with ensuite and walk-in closet & natural light. The other 3 bedrooms are generously sized, and with a full bath. Laundry on 2nd level. Finished basement w partial bathroom. Attached car garage & driveway for one car. Unbeatable family oriented location! Close to amenities, access to transit/highway, hospitals, downtown. Pet & smoke free. More photos & video will be posted on Monday. (id:35885)
Imagine coming home to this newly built end-unit townhome on a quiet private street facing a beautiful natural forest. Available for September occupancy, this 2 bed 2 bath home will not be available for long! This home features modern designs and upgrades throughout including hardwood on Main Floor, a Modern Open Kitchen layout, all stainless steel appliances, Quartz countertops throughout, Zebra Blinds Treatment throughout, Central A/C and Heating, plenty of storage and a large walk-in closet in primary bedroom. Located close to all amenities including Groceries, Parks and Recreation Centres, Airport, Schools and Nature Trails. (id:35885)
Discover this beauty! 2-storey home with a double car garage, nestled in the family-friendly neighborhood of Fallingbrook. The spacious, open-concept layout features 4 bedrooms on the second level and 2 bonus rooms in the basement. The main floor boasts gleaming hardwood floors and two living/family areas separated by a cozy fireplace. There’s also a dining area perfect for family gatherings. Enjoy the sun-filled kitchen with picturesque views of your backyard! Upstairs, the expansive primary suite includes a generous walk-in closet and a luxurious 4-piece ensuite with a soaker tub. Additionally, there are three other well-sized bedrooms. The large finished basement, updated with new vinyl plank flooring in 2022, offers ample space for your needs. Located in the heart of Orleans, this home provides everything you need at your fingertips – top-rated schools, parks, dining, and shopping. Offer date: 6pm on July 9. Seller has the right to review/accept pre-emptive offer. (id:35885)
Spacious two bedroom apartment in quiet, newer building in the heart of it all! Minutes from every amenity you could want and steps to the University of Ottawa. This unit features in-suite laundry, hardwood flooring, granite counters, a storage locker and rooftop patio. 48hr irrevocable on all offers as landlord is out of country. Schedule B to accompany all offers. Full rental application, letter of employment/copy of contract, credit report and ID required. No exceptions. Minimum one (1) year lease. (id:35885)
"A beautiful community is a portrait of the people who live there" - Unknown. If you know Lynwood Village, you will understand this sentiment. If you are not familiar with Lynwood Village, allow me to enlighten you... Designed and built by the late Bill Teron, Lynwood Village exemplifies the postwar visionary's idea of community. Lynwood, comprised of wide streets, elegantly simple mid-century modern homes, and a mature landscape, is today what it was intended to be in the late 1950s... A vibrant community where families live and build strong values for the next generation. The sturdy bungalow we are presenting to you is a reflection of the builder's idea. This Teron "Oxford" model is a testament to a visionary plan. The same values that inspired this community live on today. 4 Bedrooms, 3 Bathrooms, a spacious floor plan, a rare 2 car garage and opportunities to "make it your own" are what this home has to offer. 24-hour irrevocable on offers. Some images are digitally staged 😉 (id:35885)
FREEHOLD townhome in the heart of the city. Close to Dow's Lake, Glebe, Little Italy, Dept of Natural Resources & Health Canada. Walking distance to LRT and Carleton University! Loads of upgrades: quartz counters, new backsplash, faucet, sink & new stainless steel appliances in kitchen, quartz counters in both baths, new carpets in the lower and upper level, California shutters and new lighting/pot lights thru-out. High eff furnace '17, Aluminum deck '15, GAF 50yr Roof Shingle '14, Oversized garage w/ insulated door '18. CENTRALLY LOCATED, RARELY OFFERED & MOVE-IN READY (id:35885)
Luxury 1-bedroom plus den (can be the second bedroom) condo at Soho Lisgar - a hotel-inspired building located in the heart of downtown Ottawa! This south-facing unit offers a Spanning 719 sq ft, stunning views and features hardwood floors throughout! The open-concept living, dining, and kitchen area boasts a large island and top-of-the-line appliances, ideal for modern living and entertaining. Enjoy the convenience of a balcony. Soho Lisgar provides exceptional amenities including a 24-seat theatre, well-equipped GYM, a party room with a gourmet kitchen, an outdoor terrace with BBQ & fireplace, a pool, a hot tub and security. Central location with easy access to Parliament, shops, restaurants, LRT station and all downtown amenities. Experience the ultimate downtown living at Soho Lisgar! (id:35885)
Nestled in a prime central location near the Ottawa General, CHEO and shopping centres, our luxury rental building offers and unparalleled lifestyle. Enjoy easy access to public transportation and the Queensway, while indulging in the amazing features and amenities. Relax and socialize on the roof-top terrace, perfect for sunbathing and relaxing, prepare a favorite BBQ recipe at the outdoor dining and BBQ area. Stay active in the fitness centre and yoga room, unwind in the lounge area or find inspiration in the dedicated co-working space. Stainless steel appliances, in-suite laundry, Bell Fibe internet, window coverings and storage lockers are all included. Underground parking spot can be included for $170 per month. Some photos are for illustration purposes only and floorplan may vary slightly. (id:35885)
Nestled in a prime central location near the Ottawa General, CHEO and shopping centres, our luxury rental building offers and unparalleled lifestyle. Enjoy easy access to public transportation and the Queensway, while indulging in the amazing features and amenities. Relax and socialize on the roof-top terrace, perfect for sunbathing and relaxing, prepare a favorite BBQ recipe at the outdoor dining and BBQ area. Stay active in the fitness centre and yoga room, unwind in the lounge area or find inspiration in the dedicated co-working space. Stainless steel appliances, in-suite laundry, Bell Fibe internet, window coverings and storage lockers are all included. Underground parking spot can be included for $170 per month. Some photos are for illustration purposes only and floorplan may vary slightly. (id:35885)
Nestled in a prime central location near the Ottawa General, CHEO and shopping centres, our luxury rental building offers and unparalleled lifestyle. Enjoy easy access to public transportation and the Queensway, while indulging in the amazing features and amenities. Relax and socialize on the roof-top terrace, perfect for sunbathing and relaxing, prepare a favorite BBQ recipe at the outdoor dining and BBQ area. Stay active in the fitness centre and yoga room, unwind in the lounge area or find inspiration in the dedicated co-working space. Stainless steel appliances, in-suite laundry, Bell Fibe internet, window coverings and storage lockers are all included. Underground parking spot can be included for $170 per month. Some photos are for illustration purposes only and floorplan may vary slightly. (id:35885)
Nestled in a prime central location near the Ottawa General, CHEO and shopping centres, our luxury rental building offers and unparalleled lifestyle. Enjoy easy access to public transportation and the Queensway, while indulging in the amazing features and amenities. Relax and socialize on the roof-top terrace, perfect for sunbathing and relaxing, prepare a favorite BBQ recipe at the outdoor dining and BBQ area. Stay active in the fitness centre and yoga room, unwind in the lounge area or find inspiration in the dedicated co-working space. Stainless steel appliances, in-suite laundry, Bell Fibe internet, window coverings and storage lockers are all included. Underground parking spot can be included for $170 per month. Some photos are for illustration purposes only and floorplan may vary slightly. (id:35885)
Nestled in a prime central location near the Ottawa General, CHEO and shopping centres, our luxury rental building offers and unparalleled lifestyle. Enjoy easy access to public transportation and the Queensway, while indulging in the amazing features and amenities. Relax and socialize on the roof-top terrace, perfect for sunbathing and relaxing, prepare a favorite BBQ recipe at the outdoor dining and BBQ area. Stay active in the fitness centre and yoga room, unwind in the lounge area or find inspiration in the dedicated co-working space. Stainless steel appliances, in-suite laundry, Bell Fibe internet, window coverings and storage lockers are all included. Underground parking spot can be included for $170 per month. Some photos are for illustration purposes only and floorplan may vary slightly. (id:35885)
Nestled in a prime central location near the Ottawa General, CHEO and shopping centres, our luxury rental building offers and unparalleled lifestyle. Enjoy easy access to public transportation and the Queensway, while indulging in the amazing features and amenities. Relax and socialize on the roof-top terrace, perfect for sunbathing and relaxing, prepare a favorite BBQ recipe at the outdoor dining and BBQ area. Stay active in the fitness centre and yoga room, unwind in the lounge area or find inspiration in the dedicated co-working space. Stainless steel appliances, in-suite laundry, Bell Fibe internet, window coverings and storage lockers are all included. Underground parking spot can be included for $170 per month. Some photos are for illustration purposes only and floorplan may vary slightly. (id:35885)
Nestled in a prime central location near the Ottawa General, CHEO and shopping centres, our luxury rental building offers and unparalleled lifestyle. Enjoy easy access to public transportation and the Queensway, while indulging in the amazing features and amenities. Relax and socialize on the roof-top terrace, perfect for sunbathing and relaxing, prepare a favorite BBQ recipe at the outdoor dining and BBQ area. Stay active in the fitness centre and yoga room, unwind in the lounge area or find inspiration in the dedicated co-working space. Stainless steel appliances, in-suite laundry, Bell Fibe internet, window coverings and storage lockers are all included. Underground parking spot can be included for $170 per month. Some photos are for illustration purposes only and floorplan may vary slightly. (id:35885)
A rare find 4 bedroom 4 bathroom brand new end unit townhouse located in Morgan’s grant community in kanata North. This Minto's popular Taboe model offer over 2000 sq.ft of living space. Many updates, not limited to hardwood on main & second levels and stairs, quartz countertops in the kitchen and bathrooms. The main level features a 9-feet ceiling, open concept kitchen with large island, ton of cabinetry storage and high end SS appliances. The spacious living and dining area are brightened by three windows, ideal for entertaining friends and family. Second floors boasts a primary bedroom with an ensuite and walk-in closet, three additional good size bedrooms and a full bathroom & laundry room. The basement has fully finished rec room and lots of storage space. Close to Hi-Tech Park, shopping center, and easy access to Hwy 417. Prefer No smoking, no pets. (id:35885)
stylish 1-bedroom plus den condo at Soho Lisgar with urban luxury! This south-facing unit offers Spanning 719 sq ft, stunning views and features hardwood floors throughout, along with blinds for privacy. The open-concept living, dining, and kitchen area boasts a large island and top-of-the-line appliances, ideal for modern living and entertaining. Enjoy the convenience of a balcony and included locker for additional storage. Soho Lisgar provides exceptional amenities including a party room, theatre, exercise room, pool, BBQ patio, security, and concierge services. Located in the heart of downtown, this condo offers easy access to Parliament, shops, restaurants, and all downtown amenities. Experience the ultimate in downtown living at Soho Lisgar (id:35885)
Experience contemporary living in this brand-new townhouse, offering luxurious space and modern design. Featuring four bedrooms and four bathrooms (three full and one powder room), this home is designed for comfort and convenience. The open-concept main floor boasts gorgeous hardwood flooring, an upgraded kitchen with quartz countertops, stainless steel appliances, and ample storage space, along with a practical utility room perfect for everyday use. Upstairs, a wide staircase leads to three spacious bedrooms, including a primary bedroom with an ensuite bathroom, as well as a shared main bathroom and a second-floor laundry for added convenience. The fully finished basement includes a spacious room and an additional full bathroom. Enjoy easy access to various amenities, including retail outlets, cinemas, restaurants, scenic walking trails, and more. Don’t miss out—schedule your viewing today! (id:35885)
Newer-built detached 2-storey home situated in desirable Half Moon Bay. Boasting 4 beds/3baths, a finished basement & luxury vinyl flooring throughout both levels, this home is fully move-in ready. Main fl features an oversized foyer, open fl plan w/ dining rm, living rm adorned w/ a gas fireplace & a large kitchen equipped w/ Quartz counters, SS appliances & an abundance of cabinets. A convenient mud room & powder rm rounds off the main lvl. Upstairs you will find all 4 bedrooms, each offering generous space & natural light and a laundry room, providing utmost convenience. Primary bedroom offers a 4 pcs ensuite and large walk-in closet w/ built-in shelving. The finished basement adds additional living space, featuring a large family rm & a separate storage rm ensures ample space for belongings. Outside, the fenced in backyard offers a space perfect for enjoying the outdoors or hosting summer BBQs. Close to schools, parks, shopping, recreation and more. Some photos virtually staged. (id:35885)
Clean and well-maintained 3 plus 2 bedroom bungalow steps from the beach! Gleaming hardwood floors throughout main floor. Large eat-in kitchen with plenty of counter space and cupboards with pull outs. Primary bedroom has 2 piece ensuite that could be made back into a 3-piece ensuite. Nicely updated full bathroom plus potential for 3rd bath on lower level. Main floor laundry. Fully finished lower level with 2 additional rooms and large open family room area. Large deck and very private front and rear yard with pretty perennials. Furnace, humidifier and a/c (2020), main floor bedroom windows replaced (2022), lower bedroom windows being replaced and enlarged (2024). R/O system in kitchen (2022), roof (approx 2016). (id:35885)
Welcome to 7069 Marco Street in the family friendly village of Greely. Immerse yourself in comfortable country living in this updated 3 bedroom 1.5 bathroom home on a spacious lot. Enjoy a modern maple kitchen with premium features, a sunlit living room with a natural gas fireplace, and a dining room great for entertaining. Upstairs, discover three good sized bedrooms, a loft great for working from home, stacked laundry, and a beautifully renovated full bathroom. The basement offers a rec room and plenty of storage. Outside, revel in the expansive yard with no rear neighbours, two decks, pool and hot tub. Freshly painted inside and outside. A great opportunity to move into a sought after and safe community in Ottawa's south end. (id:35885)
Well cared & immaculately maintained detached home w modern stone & brick front exterior in growing community of Bradley Commons! As you enter, you will be amazed by the bright, high space & inviting foyer. Open concept flr plan features lofty 9' smooth ceiling, elegant hardwood flr, & abundant pot lights. Main lvl showcases upgraded gourmet kitchen w neutral tone cabinetries, white quartz countertops & lgr ctr island w Bkfst bar. It connects the Expansive Great Rm & Dining Rm seamlessly. Main flr flooded with plenty of natural lights w super wide 3 panel sliding door, GR windows & Open flr plan. Flex space & convenient laundry rm add to the functionality. Up along beautiful H/W staircase, you will find the versatile loft. The lrg primary bdrm offers luxurious 5 pc ensuite w an oversized standalone shower & WIC. The other 3 well proportioned bdrms will satisfy your growing family need. Fully fenced backyard creates perfect outdoor space w added privacy. Close to parks, schools, shops (id:35885)
Welcome to this spacious 2-bedroom, 1-bathroom rental apartment in a prime location. The open-plan living area is bright and modern, complemented by a well-equipped kitchen with stainless steel appliances. Two bedrooms offer ample space and natural light. Sliding doors lead to a deck with access to fenced backyard. Situated in a desirable neighbourhood close to schools, parks, and amenities, this apartment provides comfort and accessibility. Contact us today to schedule a viewing! (id:35885)
Have you been dreaming of living in a waterfront condo? This is your opportunity! This sought after Mariner’s Club Condo has stunning unobstructed views of St. Lawrence River and no neighbours above you. The open concept luxurious 2 bedroom, 2 bath condo, has a wall of windows with stunning views of the St Lawrence River. The spacious balcony is great for entertaining & watching the ships go by w/NG BBQ hookup. The unit also has a front patio with plenty of seating area.The gourmet kitchen has granite countertops, breakfast bar peninsula, pantry and beautiful stainless steel appliances. The primary bedroom has a W/in closet and 4 pc ensuite with soaker jet tub. Gleaming hardwood and ceramic throughout. A NG fireplace completes the LR. Marina is steps away along with a wonderful walking/biking trail along the river. Easy access to the 401. Easy commute to Ottawa/Kingston. Walk to restaurants/shopping/beach and more in Downtown Prescott. Prescott Golf Club/bridge to USA are minutes away. (id:35885)
Welcome to this spacious 2-bedroom, 1-bathroom rental apartment in a prime location. The open-plan living area is bright and modern, complemented by a well-equipped kitchen with stainless steel appliances. Two bedrooms offer ample space and natural light. Situated in a desirable neighbourhood close to schools, parks, and amenities, this apartment provides comfort and accessibility. Contact us today to schedule a viewing! (id:35885)
Newly renovated & freshly painted HiRanch home, offering comfort & convenience in the heart of the city. This charming home features 2 + 2 bedrooms, providing ample space for a growing family. 2 fully renovated bathrooms w/ walk-in glass showers & tiled floors on each level make mornings a breeze. Natural light streams through large windows on the main living area illuminating the freshly renovated interiors. The kitchen is a chef's delight, showcasing plenty of cabinets, new SS appliances & tasteful Quartz countertops, making meal prep a joy. Enjoy casual dining at the breakfast bar or gather with loved ones in the adjacent eating area. Venture downstairs to discover the LL retreat, offering 2 additional bedrooms that provide versatility. Outside, a private fenced backyard awaits, providing an escape for outdoor dining, gardening, or simply unwind. Close to everything the city has to offer, including shopping, dining, parks & more, this property truly offers the best of urban living. (id:35885)
Rent this stunning contemporary townhome in the prestigious, rarely available Avalon West! This beautiful 3-bedroom, 3-bathroom townhouse in a tranquil, family-friendly neighborhood offers ample space. The open-concept main floor features a sleek chef's kitchen with all essential appliances and access to a spacious backyard, perfect for outdoor activities and entertaining. The master bedroom includes an en-suite bathroom, walk-in closet, and large windows for natural light. The additional bedrooms are ideal for children, guests, or a home office. Enjoy the serene neighborhood, proximity to schools, and nearby Sweetvalley Park with its soccer field, pickleball court, and scenic pond. Don't miss this opportunity to make this haven your new home. (id:35885)
Available for immediate possession, this move-in ready 2 bedroom, 1 bathroom penthouse apartment is ideally located in a central location. This top-floor unit offers an unmatched living experience with desirable features and amenities. The condo is freshly painted with parquet hardwood floors and offers lots of natural light. Great size l-shaped living and dining room leads out to your large balcony where you can enjoy the breathtaking sunset views of downtown Ottawa from the west-facing windows. The unit includes a brand new, full-size washer and dryer, ensuring the ultimate convenience for your laundry needs. One underground parking spot and a storage locker, provide ample space for your belongings. You'll have exclusive access to an exercise room, a party room, and an indoor car wash bay. Located just minutes from Montfort Hospital, CMHC, local transit, and popular spots like Farmboy, this apartment offers unparalleled convenience and accessibility. (id:35885)
Welcome to this spacious 3-bedroom, 2-bathroom rental apartment in a prime location. The open-plan living area is bright and modern, complemented by a well-equipped kitchen with stainless steel appliances. Three bedrooms offer ample space and natural light, including a principle bedroom with an en-suite bathroom. Two dedicated parking spaces add convenience. Situated in a desirable neighbourhood close to schools, parks, and amenities, this apartment provides comfort and accessibility. Contact us today to schedule a viewing! (id:35885)
Welcome to 530 Simran Pvt! This 2 bedroom 2.5 bathroom townhome is filled with natural light. Full Reno's in 2023, Painted walls, New washer/drier 2022. The main floor den provides the perfect office – bright, spacious, and separate from the main living area. The second floor features the sought after open-concept living including a large kitchen, dining room, and living room. The third floor includes two good sized bedrooms with ensuite off the Primary Bedroom and another 3 piece bathroom. This great home sits on a deep lot, providing wonderful backyard living space. Close to the 416, schools, shops, and parks. $52 monthly fee includes road repairs, snow removal/plowing. (id:35885)
DON'T MISS OUT! Snag this well-built 2+1 bed, 2 bath semi-detached BUNGALOW w/airy layout, perfect for entertaining & FULLY FINISHED lower level, for $440K! Nestled in serene Wendover, 10 mins from Rockland. Enjoy stunning open concept design with cathedral ceiling, laminate & ceramic floors. Kitchen boasts breakfast counter, maple cabinets, ceramic backsplash, pots & pans drawer, double sink, & patio doors to deck - great for BBQs. Luxurious main bathroom with soaker tub, SEPARATE shower, & main floor laundry (convertible closet) or use the additional laundry in the lower level. Colonial trims & doors, decora switches, updated lighting, & more. Includes all appliances: Dishwasher ('23), c/air, c/vac. Front room, ideal for guest room & king-sized primary bedroom w/wall-to-wall closet. Double driveway for 4 cars. Excellent for first-time buyers or retirees. Fully fenced yard w/deck & shed. Lower level finished w/permit docs on file. Some photos staged. Move-in ready and waiting for you! (id:35885)
This rarely offered, meticulous Tartan 4-BED, 3-bath home is one of only a few in this serene, family-oriented neighborhood. It's the perfect blend of comfort, convenience, and community and is known for its excellent schools. Over 100K in upgrades! This home boasts a NEW kitchen with stainless steel appliances, GRANITE countertops, and ample cabinet space. A fully renovated ensuite, front entrance, powder room, and laundry room were done in '22, with a new A/C '23. The home features new hardwood floors upstairs and in all bedrooms ,as well as a California closet and WIC in 2of 3 beds. New baseboards throughout the main level, adds a polished finish to the living spaces. The oversized landscaped backyard is perfect for outdoor activities, gardening, barbecues, or even a pool! The expansive basement offers endless possibilities for a recreation room, home gym, and an extra 5th guest bedroom. A two-car garage with extra storage space and a newly redone driveway '23 enhance convenience. (id:35885)
Your new home is at 46 Kilmory Crescent, in the heart of Parkwood Hills close to schools, shopping and parks! This beautifully upgraded high ranch bungalow offers a combination functional space, modern amenities and outdoor beauty. Well maintained and significantly upgraded: including new windows (2023), new roof (2018), enlarged renovated, open concept kitchen with cabinet refacing (2023) opening onto a spacious living room and dining room. The main floor bedroom area features the primary bedroom, enlarged full bath, another bedroom and a den/office (pre-2020 was a huge walk-in closet, all the storage systems are in the basement and can be reinstalled in this space). The basement is only partially below grade and has another bedroom, full bath and large family room! The garage organization system maximizes storage in the oversized garage. Relax or entertain in the backyard which offers a stone patio, irrigation system, and lovely perennial gardens, shaded by mature trees. (id:35885)
LOCATION, LOCATION, LOCATION! Welcome to this charming 4 bedroom UP, 2 bathroom semi-detached home in the heart of South Keys. Meticulously maintained, move-in ready & awaiting your personal upgrades. The smart floor plan offers flexible living spaces. MAIN UPGRADES INCLUDE: HWT 2022, High-Efficiency Furnace 2018, Roof 2016. The kitchen & bathrooms feature granite countertops & hardwood flooring thruout all principles rooms, staircases & hallways - NO CARPETING. Italian kitchen cupboards & bathroom vanities. The main floor family room, den or 5th bedroom features a patio door to your backyard oasis. The primary bedroom includes a large walk-in closet & picture window. The other 3 bedrooms are generously sized. The garage features inside entry/auto garage door opener. The backyard is fenced, landscaped & very private. Steps to South Keys Shopping Centre, public transit, parks, schools, Carleton U & more. This home offers a fantastic lifestyle in an excellent location! ~WELCOME HOME~ (id:35885)
Built in 2005, this immaculate 4 bedroom, 3 bathroom 2 story home is located on a private 1 acre lot approx. 20 minutes east of Ottawa. Luxurious & quality finishes are found throughout. The main floor features hardwood & ceramic; a modern open concept gourmet kitchen/dining room & living room with gas fireplace & 17ft ceilings. The upper level features the primary bedroom with hardwood floors; luxurious 5pce ensuite bathroom and a prestigious walk-in closet. A fully finished basement with hardwood floors; a luxurious contemporary wine cellar; a 4th bedroom; a flex room (office) ; a huge recreational room; 2pce bathroom & plenty of storage space. Large private backyard with no rear neighbours; heated in ground salt water pool; outdoor speakers; sitting/dining area with stamped concrete & a large PVC deck. Roof(2021), Furnace(2019), Trex Deck(2022), Tankless Water Heater(2018),Pool Liner(2016). (id:35885)
Residential in Ottawa Real Estate shows -15% Down from last year Average price – However,it marks a 5% increase over January 2023.
Resale Market Stabilizes in February with a Glimmer of Hope for Buyers and Sellers Alike!
OREB NEWS
March 3, 2023
Members of the Ottawa Real Estate Board (OREB) sold 855 residential properties in February through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,411 in February 2022, a decrease of 39%. February’s sales included 633 in the freehold-property class, down 42% from a year ago, and 222 in the condominium-property category, a decrease of 31% from February 2022. The five-year average for total unit sales in February is 1,157.
“We’re going to see declines in transactions and prices when we compare current figures to last February — the height of the pandemic resale market activity,” says Ottawa Real Estate Board’s President Ken Dekker. “On the other hand, with the Bank of Canada holding interest rates steady, prospective buyers have more budget certainty to work with as we head into the spring market.”
By the Numbers – Average Prices*:
The average sale price for a freehold-class property in February was$708,968, a decrease of 15%from 2022.However,it marks a 5% increase over January 2023.
The average sale price for a condominium-class property was $410,927, decreasing 12% from a year ago.
With year-to-date average sale prices at $695,086 for freeholds and $411,449 for condos, these values represent a 14% decrease over 2022 for freehold-class properties and a 10% decrease for condominium-class properties.
“The average price increase for freeholds over January could be an indicator that buyers have normalized to the current interest rates. And perhaps, it’s a glimmer of more activity to come in the months ahead.”
By the Numbers – Inventory & New Listings:
Months of Inventory for the freehold-class properties has increased to 2.8 months from 0.7 months in February 2022.
Months of Inventory for condominium-class properties has increased to 2.5 months from 0.7 months in February 2022.
February’s new listings (1,366) were 22% lower than February 2022 (1,762) and up 3% from January 2023 (1,323). The 5-year average for new listings in February is 1,632.
Days on market (DOM) for freeholds decreased from 43 to 37 days and 47 to 43 days for condos compared to last month.
“A decrease in the days on market, paired with fewer new listings entering the market, is good news for sellers,” says Dekker. “However, if that trend continues to impact our supply stock and we don’t get more inventory, our otherwise balanced market could swing back into seller’s territory — but it’s too early to predict.”
“The best advice for sellers and buyers in today’s market is to pay close attention to the comparison and competition insights only a REALTOR® can offer. Ottawa is made up of many micro-markets, and neighbourhood-level data is vital to standing out and closing deals.”
REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 995 properties compared to 800 last year at this time, an increase of 24%.
Details:
Average Sale Price February 2023= from $708,172 down to $620,088 (-12.4% down)
Quantity of sales: 2471 down to 1513 in Feb 2023 (-38% down)
CDOM= Re-listed : Days on Market from 27 to 69 days ( more days on market: +42 days)
DOM= Days on Market – from 19 days TO 44 days longer in 2023 ( more days on market: +25 days)
February 2023 – Resale Market Starts Slow as Buyers Remain Cautious
February 2, 2023
Members of the Ottawa Real Estate Board (OREB) sold 606 residential properties in January through the Board’s Multiple Listing Service® (MLS®) System, compared with 933 in January 2022, a decrease of 35%. January’s sales included 460 in the freehold-property class, down 30% from a year ago, and 146 in the condominium-property category, a decrease of 47% from January 2022. The five-year average for total unit sales in January is 819.
“January’s marked slow down in unit sales over 2022 indicates potential home buyers are taking their time,” says OREB President Ken Dekker. “While last month saw the culmination of the succession of interest rate hikes announced by the Bank of Canada, affordability remains a factor. They may be waiting for a shift in listing prices. They’re being cautious in uncertain conditions.”
By the Numbers – Average Prices*:
The average sale price for a condominium-class property in January was $412,244, a decrease of 8% from 2022.
The average sale price for a freehold-class property was $676,272, decreasing 12% from a year ago.
“Despite the decrease in average prices, the market should not be considered on a downward slide,” says Dekker. “A hyper COVID-19 seller’s market is now leveling out to our current balanced market state.”
“On a positive note, in comparison to December’s figures, January’s average price of freehold properties increased by 3%. The average price of condos did fall by 5% compared to December but condo pricing tends to fluctuate more due to the small data set.”
By the Numbers – Inventory & New Listings:
Months of Inventory for the freehold-class properties has increased to 3.8 months from 0.9 months in January 2022.
Months of Inventory for condominium-class properties has increased to 3.8 months from 0.8 months in January 2022.
January’s new listings (1,324) were 16% higher than 2022 (1,142) and up 89% from December 2022 (699). The 5-year average for new listings in January is 1,233.
“Ottawa’s inventory and days on market figures are typical for a balanced market and another sign that buyers are no longer racing to put in an offer,” says Dekker. “The increase in new listings and supply is a boon for home buyers, who now have more selection and the ability to put in conditions at a less frantic pace. REALTORS® are an essential resource in finding the right property for the right buyer. On the other side of the transaction, REALTORS® can help sellers with hyper-local insights about how to sell in their neighbourhood at a time when pricing is key.”
More people are turning to REALTORS® for help renting properties — 509 this month compared to 410 in January 2022, an increase of 24%. “Even with the increase in housing stock, the tighter rental market is another indication that affordability is keeping some potential buyers on the sidelines.”
* 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.
Market Prices Sold and Changes
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With year-to-date average sale prices at $774,422 for residential units and $454,436 for condominiums, these values represent an 8% increase over 2021 for both property classes
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HOMES-FOR-SALE-OTTAWA – KANATA-HOMES-KANATA-OTTAWA HOMES FOR SALE – OTTAWA HOME PRICES SEPTEMBER 2022- OTTAWA CONDOS FOR SALE SEPTEMBER 2022 – LATEST OTTAWA REAL ESTATE NEWS.
Buyer Uncertainty Slows Down August Resale numbers.
But Prices are still up in Residential homes 10.2% and Condominium 8.8% from last year August .
September 6, 2022, Update from the Ottawa Real Estate Board.
September 6, 2022
Members of the Ottawa Real Estate Board sold 1,137 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,565 in August 2021, a decrease of 27 per cent. August’s sales included 850 in the residential-property class, down 27 per cent from a year ago, and 287 in the condominium-property category, a decrease of 28 per cent from August 2021. The five-year average for total unit sales in August is 1,603.
“August is a traditionally slower month in Ottawa’s resale market ebb and flow cycle due to summer vacations. Compounding the slowdown in market activity, Buyers are uncertain about their purchasing power given impending additional interest rate hikes,” states Ottawa Real Estate Board President Penny Torontow.
“The lightning speed at which homes were selling at the start of 2022 is a thing of the past, evidenced by Days on Market (DOMs) inching closer to that 30-day mark. We have also observed a return to standard financing and inspection conditions and fewer multiple offer scenarios,” she adds.
Additional figures:
The average sale price for a condominium-class property in August was $421,966, an increase of 4 per cent from 2021.
The average sale price for a residential-class property was $707,712, increasing 5 per cent from a year ago.
With year-to-date average sale prices at $795,978 for residential and $457,771 for condominiums, these values represent a 10 per cent and 9 percent increase over 2021, respectively.*
2,093 properties were listed in August, boosting inventory to nearly 3 months for residential class properties and 2.2 months for condominiums.
“Prices are still rising slightly in some areas, albeit lower single-digit percentage increases, bringing back the moderate price-growth stability that is characteristic of the Ottawa resale market. What happened to prices in 2020 and 2021 was unusual. We are moving towards a balanced market state, where Buyers have choices and Sellers need to ensure they are pricing their properties accurately,” Torontow advises.
“The informed market knowledge and insight of a licensed REALTOR® is critical to both Buyers and Sellers navigating market shifts. Sellers will want to closely explore with their REALTOR® the best time and price to list their home to optimize a property’s days on market. Buyers can use the extra time to work with their REALTOR® on due diligence and finding a dream home that meets their needs within their financial parameters.”
REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 4,172 properties compared to 3,182 last year at this time.
* 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.
source OREB.
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February 2022 – OTTAWA REAL ESTATE PRICES UP +17.8%
The Members of the Ottawa Real Estate Board sold 936 residential properties in January through the Board’s Multiple Listing Service® System, compared with 963 in January 2021, a decrease of 3 per cent. January’s sales included 661 in the residential-property class, down 2 per cent from a year ago, and 275 in the condominium-property category, a decrease of 5 per cent from January 2021. The five-year average for total unit sales in January is 840.
“January’s sales, almost identical to 2021’s, were very strong for a traditionally slower month, especially given the frigid temperatures and increased government Covid-19 restrictions we experienced,” states Ottawa Real Estate Board President Penny Torontow. “This increased activity compared to previous years is not solely a pandemic phenomenon. Yes, the pandemic has accelerated market activity in some ways, but pent-up Buyer demand due to the housing supply shortage has been an ongoing fundamental issue for the Ottawa resale market for well over 5 years now – and the price increases will continue to reflect that until the housing stock grows.”
The average sale price for a condominium-class property in January was $447,943, an increase of 18 per cent from 2021, while the average sale price for a residential-class property was $771,739, increasing 14 per cent from a year ago.*
“Average prices continue to rise steadily with the lack of inventory pushing prices to levels previously unseen. We only need to observe the number of homes now selling over $1M for a clear demonstration. In 2020, they represented 3% of residential sales, in 2021, they held 9% of the market’s resales, and now in 2022, that number reflects close to 14% of detached home sales.”
“Meanwhile, the residential-class properties selling within the $650-$900K range represent 47% of all of January’s residential unit sales. In 2021, it was 33%. But we must keep in mind, average prices statistics amalgamate data from the entire city, so while in some areas the increases would be less, other pockets of Ottawa may see more,” advises Torontow.
“The condo market is also flourishing both in number of sales and prices. Possibly due to the fact that residential units may be out of reach for some Buyers, they are finding themselves more open to this option and are actually able to find a condominium-class property within their budget.”
“Bad weather, pandemic lockdowns, it doesn’t matter – Ottawa remains a fast-moving, active, and robust market. So, if you are thinking of selling your property, there has never been a better time. Contact a REALTOR® who can explain the various factors that will help you get the best price for your home today.” In addition to residential sales, OREB Members assisted clients with renting 410 properties in January 2022 compared to 333 in 2021.
* 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.
source OREB.
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OTTAWA, November 3, 2021 Members of the Ottawa Real Estate Board sold 1,677 residential properties in October through the Board’s Multiple Listing Service® System, compared with 2,132 in October 2020, a decrease of 21 per cent. October’s sales included 1,263 in the residential-property class, down 24 per cent from a year ago, and 414 in the condominium property category, a decrease of 14 per cent from October 2020.
The five-year average for total unit sales in October is 1,605. “October’s resale market was active, busy, and stable – and followed the typical (pre-pandemic) ebb and flow that we commonly see as we enter the fall season,” states Ottawa Real Estate Board President Debra Wright. “The number of transactions increased slightly over September (1,607) as well as the 5-year average. The only reason we see a year-over year decrease in comparison to last October is because 2020’s sales peak had shifted from the spring months to September/ October due to the initial Covid-19 lockdown.”
The average sale price for a condominium-class property in October was $404,760, an increase of 10 per cent from 2020, while the average sale price for a residential
class property was $716,378, an increase of 19 per cent from a year ago. With year-to-date average sale prices at $720,150 for residential and $419,515 for condominiums, these values represent a 24 per cent and 16 percent increase over 2020, respectively.*“While the number of units sold followed the traditional trajectory, the lack of supply continues to put upward pressure on prices, which are holding strong and steadily increasing. Although there were 1,960 new listings in October, falling just under the 5-year average (1,974), it’s simply not enough. Inventory remains at a one-month supply for residential properties and 1.2 months for condominiums.
The only way we will find balance in Ottawa’s market is to increase the housing stock exponentially.”“Low inventory and a lack of suitable housing options restrict movement along the housing spectrum. Moveup buyers and downsizers have nowhere to go, so they stay in place, but we need that exchange of properties in the marketplace to free up supply for entry-level homebuyers,” Wright adds. “Additionally, we have noticed a substantial increase in the number of rental transactions through the MLS® System, which could suggest that some of the properties have been purchased or held on to for investment purposes. This active rental market may be another contributing factor as to why there aren’t more properties coming onto the market for sale.”
OREB Members assisted clients with renting 4,012 properties since the beginning of the year compared to 2,829 at this time last year. * The Board 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 and conditions will vary from neighbourhood to neighbourhood.
SOURCE” OREB
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