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.
Condominium property class sales in Ottawa increased 13% in 2019 with 4,584 units sold versus 4,056 in 2018. The average sale price for a condominium class property in Ottawa in 2019 was $304,203, up 9.3% from last year.
Ottawa had a busy and expensive condo market last year, here is a list of the top 10 most expensive condo buildings, top 10 most expensive neighbourhoods and top 10 dork ranking buildings in 2019.
Have a look at the December 2019 Market Statistics for Condominiums in Ottawa.
Members of the Ottawa Real Estate Board sold 227 condominium-class properties in December 2019, an increase of 18.8% from December 2018.
The average sale price for a condo in Ottawa was $310,675, an increase of 13% from December 2018.*
Condo sales increased 13% with 4,584 units sold in 2019 versus 4,056 in 2018.
Year-end figures show an average sale price of $304,203 for condos, up 9.3% from last year.
Curious about December 2019 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.
Have a look at the November 2019 Market Statistics for Condominiums in Ottawa.
Members of the Ottawa Real Estate Board sold 330 condominium-class properties in November 2019, an increase of 12.2% from November 2018.
The average sale price for a condo in Ottawa was $313,734, an increase of 9.8% from November 2018.*
The most active price point in the condominium market was, $225,000-$349,999, and accounted for 57.5% of the units sold.
Curious about November 2019 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.
Welcome to newest edition of OC Cribs. This month we are featuring SoBa, the urban development by Lamb Developments.
The industrial soft loft is bringing the Toronto flavour to Ottawa with a modern exterior architecture, spectacular views and great location. Click here to view active listing in SoBa.
Interested in learning more about Lamb Developments and how they are changing Centretown’s skyline? Check out our blog here.
Welcome to our first edition of OC Cribs | Industrial Hard Loft in Centretown. This month, we check out Zev Kershman’s loft at Studio Argyle.
This unique low rise building contains 40 units spread out on 4 storeys. Studio Argyle Condo Ottawa is an eye-catching building with its prominent red brick and cream accents. Located in between Ottawa’s popular and well-known streets, Elgin Street and Bank Street, this building is in the heart of Ottawa’s Centretown.
Stay tuned for the next OC Crib we explore in Ottawa!
Game-changing condos in Ottawa are creating an urban lover’s dream, an oasis in the midst of the nation’s capital. Breaking off from the ordinary condo lifestyle and taking it to the extraordinary. Defying the traditional, throwing away the old and tiring, offering more than just a place to sleep at night, these condos are breaking all the rules and changing the game entirely.
Luxury, modern, fresh, vision-driven, and where the first-class service is the name of the game. These condos are redefining the whole market. Condo living is being transformed and revolutionized right before our very eyes here in Ottawa.
So, what new condos are breaking all the rules and changing the game in Ottawa? Keep reading to find out the price per square foot of these game-changing condos in Ottawa!
Become a resident of Island Park Drive and experience the epitome of luxury and some of the finest living Ottawa has to offer. 1451 Wellington is changing the game of condo living here in Ottawa and for good reason. What sets this building apart from every other condo in Ottawa? Not only offering its residences a home located in the heart of two of Ottawa’s trendiest neighbourhoods, Westboro and Wellington West, but residences also have restaurants, coffee shops, grocery stores, fashion boutiques and more just steps outside their front door.
Just by looking at this magnificent structure you know its different than the rest. You can tell this building exudes excellence, actually more than that, you can feel it. That isn’t a surprise though since excellence is what Mizrahi Developments vision was from the start with this project. Exuding excellence from inside out, Ottawa has never seen such luxury in the condo world before. From valet services, concierge, car washing services, an elite fitness room, a saltwater lap pool, guest suites, entertainment suites and much more, living has never been easier or more fabulous. Coming home at the end of the day has never been more enjoyable when you know you are coming home to a luxurious and pristinely maintained environment, where the only thing left for you to do is kick your feet up and relax.
Understanding that every resident has different needs and lifestyles there are plans to accommodate each need, and the option to customize – making your home uniquely you. Pristine 1-bedroom suites are $838/sq ft, while 1-bedroom plus den are $768/sq ft. 2-bedrooms are $897/sqft and if you need a little more room, there are also options for 2-bedrooms plus den for $900/sq ft, rounding out the building average to $850/sq ft. With custom options, high-end finishes and top of the line builds, where even the smallest details are treated with great care and precision, helping residences create their very own sanctuary in the sky and setting the bar extremely high.
This development without a doubt has capitalized luxury living in Ottawa and no detail goes unnoticed, making it one of the leading and premier condos in Ottawa. 1451 Wellington is a game changer, leaving behind the ordinary and inviting you home to the extraordinary.
Claridge Icon happens to be the tallest residential tower in Ottawa but that isn’t the only reason it’s setting the bar high and changing the game in condo living. The exterior alone sets this condo apart from the rest of the city. This building’s architecture is rich with symbolism and creative genius, which is no surprise considering it is a build by one of Canada’s lead architectural firms, Hariri Pontarini. The exterior balconies and building curves are inspired by the swaying reeds on the banks of Dows Lake. And creative and intelligent design from the street view gives passerby’s an illusion of the building shifting and expanding, this fact alone sets this build miles apart from other the other condos in the city. Claridge Icon is a show stopper, there is no doubt about it and residences are graced with an artistic and grand design. Modern, bold and exceptionally crafted, residences are truly living in a piece of art within the nation’s capital. Leading the way in terms of residential building design in Ottawa this project is proving that a building is more than just four walls and a roof.
Not only aesthetically on top of the condo game in Ottawa but it doesn’t stop there for this development. Offering its residences, the best and finest amenities in condo living; a yoga studio for the yogi, a fitness centre for the gym goer and an indoor pool and sauna to be enjoyed at the leisure of each resident. Entertaining has never been made easier with guest suites, a movie theatre and indoor and outdoor party space, making it perfect to host at any time of the year! The developers knew exactly what it was people were looking for when they started this project; offering urban living in the heart of Little Italy, while also providing coveted serene green space for residences to relax and enjoy, all only at a hop, skip and a jump away.
Beautifully crafted, carefully designed and impeccably executed suites make it easy to fall in love with this place. Tastefully and classy 1-bedroom suites average $598/sq ft and a 1-bedroom plus den averages at $592/sq ft. Residences looking for a little more have the option of a 2-bedroom suite averaging $639/sq ft, making the building average $609/sq ft. A trendy, high-end build that also happens to be the tallest residential tower in Ottawa, you know the views are going to be unbeatable and absolutely stunning– and they are! Offering residences gorgeous views of Dows Lake and the city at heights you never have seen them at before.
Setting the condo living bar very high (and not just referring to its height), the lucky ones who get to call Claridge Icon their home experience the new height of condo living in Ottawa. Elite and modern living (with absolutely stunning views) is made possible when you call Claridge Icon your home.
St. Charles Market offers its residences a once in a lifetime opportunity to live in a Heritage Building. The fact that this building is a Heritage building means it’s already on a whole other level.
St. Charles church was built in 1908 and features Quebec inspired neoclassical architecture. The developers have taken this beautiful and historical building and transformed it into one of Ottawa’s most desired and premier living quarters in the sought after Beechwood Village neighbourhood.
This carefully crafted, and magnificently (soon to be) executed build sets itself apart in the condo market and all of the real estate markets for that matter, by putting design at the heart. Melding history with contemporary has been done before but no one has done it quite as exceptional as this and Ottawa better watch out. A seamless blend of new and old with a primary focus on respecting the church, this project offers a historically rich and welcoming environment, making it the kind of place you’d want to call home. Other condos offer a place to sleep but St. Charles Market offers, history, heart and community.
With only 50% of the land utilized for building with the rest dedicated to providing the residences and the community something more than just another building. A beautiful garden and park like border around the building bring an air of calmness and beauty to the hustle and bustle of the city reminding everyone who passes by that even while in the middle of the city it’s still important to take time to stop and smell the flowers.
Leading in the condo market for the uniqueness and creativity, offering exquisite horizontal suites that give residences that full home feel that can often be missed when living in a condo. Offering outdoor space, an elite fitness room and a welcome lounge to gather, again proving that community is at the heart of this development, making it so much more than a condo but a place you can gather and call home.
Offering something for everyone and their lifestyle with a wide range of floor plans. 1-bedroom averages around $559/sq ft, a 2-bedroom $567/sq ft and a 2-bedroom plus den $560/sq ft. Also providing 3-bedroom units averaging $583/sq ft and a Penthouse at $790/sqft, rounding the building average to $611/sqft. Each suite offers finishes that provide both function and beauty as the developers are adamant on providing finishes that speak volume about the quality while still maintaining a high integrity of design and style.
St. Charles Market is something you’ve never seen before and Ottawa is watching closely because ready or not, this place is going to revolutionize condo living, bringing more community, heart and impeccable design than we’ve seen before.
SoBa or “South on Bank” is not merely just a condo development, but something much more. This project is full of so much heart and vision, it’s inspiring. Taking unused and unwanted land and giving it a new lease on life, this heartfelt development is redeeming and reinvigorating a little part of Ottawa. This build is giving us a new lens to look through – to see beauty where there was once nothing. The passion behind the concept and vision of this build is already more than most. Just give it time and developers will be lining up asking SoBa just how it did it and how they can also contribute to the betterment of the city.
The heart and vision behind this project alone are changing the condo game in Ottawa, but that’s only the start of what they are bringing to the table! Finally, what Ottawa has been waiting for, what Ottawa has been asking for, it’s here. Downtown Toronto finally comes to Ottawa! This project is bringing something new and something fresh to the nation’s capital. Not only is it bringing life and new energy to the Bank Street area, but it is also bringing downtown Toronto to Ottawa; with that same feel and energy SoBa is already changing and leading in the Ottawa condo market. With floor to ceiling windows, exposed concrete ceilings and an exposed concrete feature wall with columns, it has got the coveted industrial vibes down to a science. Bringing a whole new energy to the condo game, Ottawa couldn’t be readier or more excited to spice things up. From blah to brilliant and tired to trendy, SoBa has a vision for Ottawa and it is coming to life right in front of us.
Not only is this building the trendy it place to live, but it also offers a wide range of suites from 400 sq ft up to 1,200 sq ft, meeting every need, making it even more desirable than it already is. On average a 1-bedroom runs $536/sq ft, 1-bedroom plus den $526/sq ft, 2-bedrooms average $539/sq ft, 2-bedrooms plus den $522/sq ft and the Penthouse units average $670/sq ft – rounding the building average to $558/sq ft.
From the awesome location in Centretown just off of bustling Bank Street to the modern and chic game-changing ways, this development is going to be the trendy it place to live in Ottawa. Guaranteed.
Bringing a whole new vibe and atmosphere to the Ottawa condo market, SoBa creates that energy, that vibe, that feeling you get when the fit is better than just right, it’s perfect – all while bringing a little more love and beauty to the city.
Game-Changing Condos in Ottawa
Finally offering the people of Ottawa something more than the traditional and breaking away from box like attitudes of many developments. These condos are revolutionary, ahead of the times and creating a whole new way to live in Ottawa. Defying the conventional and bringing a whole lot more to the table, Ottawa better be ready because these condos are bringing a whole new game to town.
A hot topic right now in the condo world touches on the Federal government’s push to legalize marijuana across Canada. Many condo owners are becoming increasingly concerned as legalization nears, with what legal rights and measures their respective buildings can take in order to prevent smoking pot inside condos and common areas in condo buildings. One condo board in Toronto near Sheppard and Don Mills wants to prohibit the smoking of cannabis, as it already gets countless complaints about marijuana odours wafting between units, triggering asthma and allergic reactions. – nowtoronto.com
Further, Ottawa Public Health agency recently made a recommendation to the province to outright ban smoking pot inside condos and apartments, including balconies. – cbc.com
The question is – Is it within the rights of Condominium Boards to ban this soon-to-be legal substance within privately owned units? According to Michelle Kelly, a specialist in condominium law, bans such as this are done by the Condo Corporation creating a rule (under Section 58 of the Condominium Act). – globalnews.com This rule would then be circulated to owners, and unless the owners call for a vote, and vote against it, it enters into force. Rules such as these are created in order to promote the safety, security or welfare of the owners, and to prevent unreasonable interference. Things such as the pungent smell of second-hand smoke could be considered a nuisance, and therefore a new rule would be reasonable.
Ontario Landlords are also becoming increasingly concerned with the upcoming legalization. The concern lies with the major financial cost that could be associated with removing the smell of marijuana after the tenant vacates. – nowtoronto.com Currently, landlords are able to ban smoking for new leases, yet with existing leases, it is illegal to modify any of the clauses before the natural end or termination of the lease.
An even further grey area is whether condominiums can ban smoking for those who have a medicinal license to do so. Many argue that medical consumers would be exempt under the Ontario Human Rights Code, which may result in a legal challenge by Condominium Boards. Needless to say, this hot topic is not going anywhere anytime soon.
Looking for exceptional urban lifestyle living in one of Ottawa’s trendiest neighbourhoods? Welcome to The Eddy, winner of a 2016 Housing Design Award for the best-designed high-rise building in Ottawa, and one of the few LEED Platinum condos in Canada. Located in the heart of Hintonburg where you are within a 5-minute walk to the scenic Sir John A. MacDonald Riverfront Park, a wide assortment of restaurants, cafes, and trendy shops, as well as the new light rail Confederation Line (LRT). A sophisticated space to call home, this Exclusive Listing at The Eddy offers 2 Bed + Den and 2 Baths. This is one of the largest floor plans in the building at 1,079 sq ft along with a large south oriented balcony at 134 sq ft facing a quiet residential neighbourhood.
A “soft loft” design with nine-foot ceilings, an industrial feel, and exposed concrete ceilings and ductwork. Pride in ownership is evident with over $20,000 in custom upgrades, including a generous addition to kitchen cabinetry, built-in closet storage, high-end blind system and more. The details in this condo have been carefully selected to compliment the builder finishes and create a clean style, with uncluttered lines and natural textures. A sweeping island is a focal point for entertaining in this contemporary white kitchen, along with stainless steel appliances and quartz countertops.
The building adheres to the highest possible eco-friendly standards, with geothermal heating/cooling, rainwater recapture, low VOC finishes and the first puzzle parking garage in the city. A spectacular rooftop terrace with outdoor lounge, fireplace, garden plots, & barbecues to be enjoyed with friends while watching the sunset over the Gatineau Hills and downtown Ottawa. This is the lifestyle you’ve been waiting for!
If you are interested in visiting this spectacular condo or would like more information at this Exclusive Listing at The Eddy, please don’t hesitate to get in touch. Link to our virtual tour.
Exclusive Listing at The Eddy Key Details
List Price: $549,900
Square Footage: 1,079 sq ft + Balcony 134 sq ft = 1,213 sq ft
