Category: Real Estate

Westboro Lofts

Westboro Lofts Ottawa is a development currently in pre construction at 1946 Scott St in Westboro. The development is by Surface Developments and is expected to be completed in 2020. The building will have a total of 48 units.

Click here to view units available for purchase.

The amenities include a common patio and rooftop terrace.

If you are looking for more information on Westboro Lofts Ottawa, click here

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***Ottawa Condo Buildings lowest average days on market in 2018 – buildings had a minimum of 4 sales in 2018 – approved buildings minimum sales volume 2 units per year 2014-2018

On our quest to providing Ottawa Condo enthusiasts with interesting hard to uncover data, we decided to explore which buildings in Ottawa have the shortest average days on market in 2018. The range of average days on market range from 13 days to 146 days on market.

25 Days on Market – 7th Place Overall

Westboro Station 1 – 401 Golden Ave & Forward Place – 50 Burnside Ave

Units at Westboro Station 1 and Forward Place are on the market for an average of 25 days.

24 Days on Market – 6th Place Overall

Ambleside 3 – 1100 Ambleside Drive

Units at Ambleside 3 are on the market for an average of 24 days.

23 Days on Market – 5th place overall

111 West Condo – 360 Patricia

Units at 111 West Condo are on the market for an average of 23 days.

22 Days on Market – 4th place overall

Piccadilly Condo – 1422 Wellington St W, Central Phase 2 – 360 McLeod & Hideaway Phase 3 – 340 McLeod St

Units at Piccadilly Condo, Central Phase 2 and Hideaway Phase 3 are on the market for an average of 22 days.

20 Days on Market – 3rd place overall

Barclay Condo – 370 Dominion Ave

Units at Barclay Condo are on the market for an average of 20 days.

19 Days on Market – 2nd Place overall

Westboro Station 2 – 575 Byron Ave

Units at Westboro Station 2 are on the market for an average of 19 days.

13 Days on Market – the winnner

Metropole – 38 Metropole Private

Units at Metropole are on the market for an average of 13 days.

 

 

FUN FACT: 90 George Condo took the prize for being the longest days on market with an average 146 days on market before selling.

 

 

 

Based on the above information, what buildings do you think will have the lowest average days on market in 2019?

*Data provided by DigiRealty Technologies data team.

***Ottawa Condo Buildings lowest average days on market in 2018 – buildings had a minimum of 4 sales in 2018 – approved buildings minimum sales volume 2 units per year 2014-2018

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Tribeca Ottawa is a three-phase project by Claridge Homes. The developments include Lofts at Tribeca, Tribeca East and Tribeca Ottawa and they are all located in Centretown.

Tribeca Ottawa

Lofts at Tribeca is located 197 Lisgar Street in the heart of Centretown. Click here to view units available for purchase. The 2 story building has 20 units. The amenities include a common patio, elevator, fitness centre, storage locker, underground parking, bicycle storage, board room, concierge, guest suites, party room, pool, security and visitors parking. If you are looking for more information on Lofts at Tribeca, click here.

Tribeca Ottawa

Tribeca Condo is located at 179 Metcalfe Street. This development was completed in 2013. Click here to view units available for purchase. The amenities include a common patio, elevator, fitness centre, storage locker, underground parking, bicycle storage, board room, concierge, guest suites, party room, pool, outdoor barbecues, roof top terrace, security and visitors parking. If you are looking for more information on Lofts at Tribeca, click here.

Tribeca Ottawa

Tribeca East located at 40 Nepean Street. This development was completed in 2015. Click here to view units available for purchase. The amenities include a common patio, elevator, fitness centre, storage locker, underground parking, bicycle storage, board room, concierge, guest suites, party room, pool, security and visitors parking. If you are looking for more information on Lofts at Tribeca, click here.

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St.Charles Condo Ottawa

St.Charles Market Ottawa is a development currently under construction at 135 Barrette Street in Lindenlea. The development is by MoxBox Developments and is expected to be completed in the end of 2019. The building will have a total of 38 units.

Click here to view units available for purchase.

St.Charles Condo Ottawa 2

The amenities include a common patio, elevator, fitness centre, sauna, storage locker, underground parking and yoga studio.

If you are looking for more information on St.Charles Market Ottawa, click here.

St.Charles Condo Ottawa

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***Y/Y average sale price growth – condo property type – minimum sales volume per neighbourhood 10 units – approved buildings minimum sales volume 2 units per year 2014-2018

Granular, in beat data is hard to come by these days. Lazy data typically takes the forefront in news articles and water cooler conversations around most cities. Some of this lazy data can cause missed opportunities, or misguided purchases.

We are challenging ourselves and our readers to question marco level value correlations and dive deeper into sales and corresponding data in and effort to find true insights and conversation worthy intel.

On our journey to this end, we decided to take on Condos in Ottawa – Break down macro city “all property types” level correlations into neighbourhood and “specific property type” level correlations, and apply a year over year of sale price growth analysis.

The output data we intended to bring forward in this article are *Top performing condo neighbourhoods in Ottawa – based on year over year average sale pricing growth. In order for a neighbourhood to qualify there must have been a minimum of 10 units sold in both of the past 2 years and each qualified building must have had a minimum of 2 units sell in the past 4 years.

Top Performing Ottawa Neighbourhoods 2018

10.  Woodroffe North

Woodroffe North had a growth rate of 7.74% between 2017 & 2018.

 

 

 

 

 

Top Performing Ottawa Neighbourhoods 2018

9.  Vanier

Vanier had a growth rate of 8.49% between 2017 & 2018.

 

 

 

 

 

Top Performing Ottawa Neighbourhoods 2018

8.  Lincoln Heights

Lincoln Heights had a growth rate of 9.15% between 2017 & 2018.

 

 

 

 

 

Top Performing Ottawa Neighbourhoods 2018

 

7.  Carleton Heights

Carleton Heights had a growth rate of 9.72% between 2017 & 2018.

 

 

 

 

 

Top Performing Ottawa Neighbourhoods 2018

 

6. Orleans Central

Orleans Central had a growth rate of 10.28% between 2017 & 2018.

 

 

 

 

 

Top Performing Ottawa Neighbourhoods 2018

 

5. Overbrooke

Overbrooke had a growth rate of 11.85% between 2017 & 2018.

 

 

 

 

 

Top Performing Ottawa Neighbourhoods 2018

 

4. Copeland Park

Copeland Park had a growth rate of 12.70% between 2017 & 2018.

 

 

 

 

 

Top Performing Ottawa Neighbourhoods 2018

 

3. Stewart Farms

Stewart Farms had a growth rate of 15.37% between 2017 & 2018.

 

 

 

 

 

Top Performing Ottawa Neighbourhoods 2018

 

2.Centretown

Centretown had a growth rate of 15.39% between 2017 & 2018.

 

 

 

 

 

 

Top Performing Ottawa Neighbourhoods 2018

1. Riverview

Riverview had the top growth rate of 22.08% between 2017 & 2018.

 

 

 

 

 

Based on the above information, what neighbourhoods do you think will have the largest growth rate from 2018 to 2019?

*Data provided by DigiRealty Technologies data team.

***Y/Y average sale price growth – condo property type – minimum sales volume per neighbourhood 10 units – approved buildings minimum sales volume 2 units per year 2014-2018

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SoBa Ottawa

SoBa Ottawa is a located at 203 Catherine Street in Centretown and is currently in interim occupancy. The development is by Lamb Development Corp and Fortress Real Developments.

Click to view what units are available for purchase.

SoBa Ottawa

The amenities include a common patio, concierge, elevator, party room, pool, security, storage locker and underground parking.

If you are looking for more information on SoBa Ottawa, click here.

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Mondrian Ottawa

Mondrian Ottawa is a located at 324 Laurier Avenue in Centretown. The development was completed in approximately 2009 by Urban Capital. The building has 23 stories.

Mondrian Ottawa

Click to view what units are available for purchase.

The amenities include bicycle storage, common patio, concierge, elevator, fitness centre, party room, pool, security, storage locker and underground parking.

Mondrian OttawaMondrian Ottawa

If you are looking for more information on Mondrian Ottawa, click here.

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Ottawa had a busy and expensive condo market last year, here is a list of the top 10 most expensive condo buildings in Ottawa in 2018.

10. The Classics at Riviera Condo Ottawa | 1480 Riverside Dr

The Classics At Riviera Condo Ottawa

The average sold price for The Classics at Riviera Condo Ottawa in 2018 was $557,000.

9. The Continental Condo Ottawa | 75 Cleary Ave

The Continental 75 Cleary Exterior Image

The average sold price for The Continental Condo Ottawa in 2018 was $562,083.

8. Opus Condo Ottawa | 320 McLeod St

The Opus - 320 McLeod St Exterior Image

The average sold price for Opus Condo Ottawa in 2018 was $628,642.

7. The Rideau at Lansdowne Condo Ottawa | 1035 Bank St

The Rideau at Lansdowne Condo Ottawa 1035 Bank St The Glebe Exterior Image

The average sold price for The Rideau at Lansdowne Condo Ottawa in 2018 was $644,611.

6. Westboro Station Condo Ottawa | 575 Byron Ave

Westboro Station Phase 2 - 575 Byron Ave Exterior Image

The average sold price for Westboro Station Condo Ottawa in 2018 was $664,312.

5. 700 Sussex Condo Ottawa | 700 Sussex Drive

700 Sussex Dr Exterior Image

The average sold price for 700 Sussex Condo Ottawa in 2018 was $675,000.

4. Riverside Gate Condo Ottawa | 3590 Rivergate Way

Riverside Gate - 3580 & 3590 Rivergate Way Exterior Image

The average sold price for Riverside Gate Condo Ottawa in 2018 was $808,000.

3. The Gardens Condo Ottawa | 85 Bronson Ave

The Gardens Phase 1 - 85 Bronson Ave Exterior Image

The average sold price for The Gardens Condo Ottawa in 2018 was $811,000.

2. Metropole Condo Ottawa | 38 Metropole Pvt

The Metropole - 38 Metropole Pr - Exterior Image

The average sold price for Metropole Condo Ottawa in 2018 was $941,375 making it Ottawa’s second most expensive condo building.

1.The Merit Condo Ottawa | 108 Lisgar St

The Merit - 108 Ligar St Exterior Image

The average sold price for The Merit Condo Ottawa in 2018 was $995,000 making it Ottawa’s most expensive condo building.

*Data provided by DigiRealty Technologies

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The Merit Ottawa

The Merit Ottawa is located at 108 Lisgar St in Centretown.  This 20 storey high rise has 74 units with breath taking views.

There is currently 1 unit available for purchase.

The Merit OttawaThe Merit Ottawa

The amenities in the building are a common patio, elevator, fitness centre, security, storage locker and underground parking.

The Merit OttawaThe Merit Ottawa

If you are looking for more information on The Merit Ottawa, click here.
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Rideau Lansdowne Ottawa

Rideau at Lansdowne is located at 1035 Bank Street in The Glebe. This 20 storey building was completed in 2015.

There are currently 3 units available for purchase.

The amenities in the building are a common patio, elevator, fitness centre, guest suites. party room, security, storage locker and underground parking.

If you are looking for more information on Rideau at Lansdowne, click here.
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