The historic James Street Pub closed its doors in 2019. Developer Urban Capital and architect Toronto’s RAW Design are in charge of a new development that is currently in pre-construction and will be located at 390 & 394 Bank St and replace the James Street Pub. The James Street Pub has been at its Bank Street location under various names for more than three decades. A red-brick residential and commercial development is expected to be built where the Pub currently stands. The residential part is expected to be nine stories high and contain 55 one-bedroom units and 73 two-bedroom units. The underground parking garage would include 2 levels with 64 parking spaces as well as 72 spaces for bikes. The ground floor commercial space is expected to have ~7,000 square feet of space. The proposal also calls for a rooftop swimming pool and outdoor amenity area. The ground floor of the residential part could also include a party room and a fitness facility. The project is expected to be complete in 2023. To learn more about this up and coming development, click here.
Have a look at the January 2020 Market Statistics for Condominiums in Ottawa.
Members of the Ottawa Real Estate Board sold 222 condominium-class properties in January 2020, an increase of 6.7% from January 2019.
The average sale price for a condo in Ottawa was $338,077, an increase of 19.1% from January 2019.*
The average price for condos was 8.8% higher from last month.
Curious about January 2020 market statistics for residential-class properties in Ottawa as well? Click here to read the full story.
*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.