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.

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Top 5 Condo Developers in Ottawa

Historically, Ottawa hasn’t had the same demand for condos as other metropolitan cities. Our demographics didn’t dictate it, our job market wasn’t growing enough (outside of the government), and externalities didn’t put Ottawa on the map. Fast forward to today and things have changed. Baby Boomers are starting to retire and reconsider the value of their massive home against the realities of what they need now and moving forward. Ottawa is being talked about as “Silicon Valley North” with the massive success of Shopify and countless other companies that are about to hit. Nationally, the spotlight is on Ottawa. Toronto and Vancouver have seen major pricing spikes in real estate and declining numbers on livability forcing people to look at alternatives i.e. Ottawa. As a result, condos are a major talking point in the Ottawa real estate market. Not all condos are created the same, which are heavily influenced by the developer. The condo market is evolved and has been shaped by several developers over the decades. Here are the top five condo developers in Ottawa (in no particular order):

Urban Capital

Hideaway Condo Ottawa Exterior Image

Urban Capital brought the trendy feel of Toronto condos to Ottawa. Specializing in the soft loft feel (exposed concrete and high ceilings in a new build), they took the condo market by storm with the three-phase East Market Condos. Based on that success, they went straight into Centretown and cemented themselves in Ottawa with a 24-story high-rise, The Mondrian. Urban Capital’s momentum and popularity were at an all-time high in Ottawa and they had one more gift… ok two, for Centretown. They single handily revitalized Centretown south of Gladstone Av with Central and The Hideaway.

Charlesfort Developments

The Merit - 108 Ligar St Exterior Image Luxury Condos

Charlesfort Developments is the most distinct condo builder in Ottawa. Their art-deco style sets them apart from the pack and leaves a lasting impression wherever they build. Think I’m kidding, what’s one of the only things you can remember on Bronson Ave around the Glebe… the McDonalds? How about that cool building less than a block away? Thank you, Glasgow Condos! Wherever you look centrally in Ottawa, Charlesfort has a presence. The Golden Triangle has the Merit, Old Ottawa East has The Glassworks, and Centretown has Hudson Park, to name a few.

Claridge Homes

Claridge Plaza Condo Ottawa

Claridge Homes is arguably the Condo Developer that has impacted the downtown condo market the most. Founded in 1986, Claridge started out as a home builder before expanding into condos. Today, their main claim to fame is twofold. One, they have shaped the Byward Market condo market into their own. They built York Plaza Condo, Claridge Plaza Phase 1, Phase 2, Phase 3 and Phase 4, 700 Sussex, and (most recently, even though it’s not a condo) the Andaz Hotel. Moving slightly west, Claridge is about to make history. On the corner of Preston St and Carling Ave, a superstructure is being built. The 45-story Icon will be the tallest condo building in Ottawa. The first of its kind, the Icon will redefine the skyline in Ottawa and will spark the redevelopment of Preston St. that is long overdue.

Domicile Developments

Founded in 1976, Domicile Developments made a niche for itself in the low to mid-rise building class. They have primarily built units with lofty features (high-ceiling and big windows), blended with modern finishes. Domicile has built so many good projects over the years, it would take too long to talk about them all. Instead, here are a list of buildings Domicile has built-in popular neighbourhoods inside the Greenbelt:

Centretown:

Old Ottawa East:

Little Italy:

Westboro:

Wellington West:

 

 

Windmill Developments

The Currents Condo Ottawa - 1227 Wellington St W Exterior Image

The final entry on this list is Windmill Developments. Founded in 2003, Windmill set its sights on being the most environmentally friendly developer in Ottawa. Every one of their projects has the esteemed Leadership in Energy and Environmental Design (LEED) certification. In addition, they have produced some landmark projects including The Eddy and Cathedral Hill and have a crown jewel set to launch shortly in Southminster Condos. That said, I think Windmill’s best project was The Currents, on the corners of Wellington and Holland (where the Great Canadian Theatre Company is). Ecstatically pleasing, large floor plans, and rarely an active listing in the building make The Currents a big hit!

Ottawa’s condo market is evolving. These top five condo developers in Ottawa have had a major part in shaping the market, the skyline, and the next generation of developers. They have set a precedent in the market and we can’t wait to see what’s next.

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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.

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The skyline in Centretown has been relatively bland. A lot of office buildings and a few interesting high-rise condos here and there, but not much that stands out. Luckily for Ottawa, a Torontonian had a vision. Brad Lamb’s real estate empire is growing. A successful agent, Brad evolved into owning top Toronto Condo Brokerage, Brad J Lamb Realty, and he parlayed those successes into becoming a Real Estate Developer with Lamb Development Corp. With hit projects such as Worklofts, The Brandt Park, and King Charlotte, Brad created a winning formula that could be replicated anywhere. Enter Ottawa, a hyper-local condo market with minimal developer influence from outside of Ottawa. The condo market needed a fresh injection of outside influence and inspiration, which came in the form of Lamb’s Gotham and SoBa condominium buildings.

Gotham

Located on the corner of Gloucester St and Lyon St, Gotham marked Lamb’s first condo development in Ottawa. Perfectly named, Gotham brought to life what you would think of when you hear the name (or New York?). Larger than life (seriously the front door is the largest I’ve seen in Ottawa), a towering presence, and the “wow” factor make this project stand out. The cherry on the top for Gotham is its proximity to the O-Train’s Confederation Line. When the building was completed in 2015, the proximity to the O-Train’s Lyon Station was thought to be a good thing; now with the O-Train finally opening, it’s elevating the status of the building.

Soba Condo Ottawa - 203 Catherine St - Centretown - Exterior Image 2

This is an exterior image of Soba Condo Ottawa – 203 Catherine St – Centretown

SoBa

The long awaiting follow-up to Gotham is SoBa. SoBa, or South of Bank St, is aptly named as it borders two of the best neighbourhoods in Ottawa, The Glebe and Centretown. A condo dweller’s dream, residents can venture into multiple parks, shops, café’s, and restaurants. The architecture of the building is something to behold. It breaks the mould of most condo towers in Ottawa with multiple tiers that make the building look like a cool Jenga tower. Crowning SoBa as a condo dweller’s dream is a full suite of amenities including a gym, party room, pool, and concierge to create the ultimate level of condo convenience.

Value Condos

Price Tags, whether they are at the dollar store or the department store (ok, amazon.ca); we’re always looking at them. And when the price tag shows a good deal, even better! Looking at the condo market, Brad Lamb’s buildings are showing strong value trading around $520/sq ft. Compare that to other newly built buildings and highly anticipated preconstruction projects, such as The River Terraces at Greystone Village ($583/sq ft), Claridge Icon ($605/sq ft), Claridge Royale ($641/sqft), and Zibi ($716/sq ft) and his buildings look like a deal. When you see a deal on a price tag you buy it, right?

Cool Soft Loft Feel

The “Lofty Feel” has become a major trend in condos in Ottawa. The exposed concrete, high ceilings, massive windows and modern finishes are some of the finer details of soft lofts. In Ottawa, soft lofts were first made popular with Urban Capital’s East Market Lofts projects. That said, Brad Lamb wanted to put his own stamp on the soft loft market in Ottawa. His mix of industrial elements such as the exposed pipes in the hallways along with sleek coloured cabinets and stone in units have made his units more appealing to the eye.

The skyline in Centretown has evolved and Gotham and SoBa are changing the condo market. We can’t wait to see what Brad Lamb has in store for Ottawa next!

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The condo market is changing. Long gone are the days of over supply and bottom of the barrel deals. We’re in a new market; the demand for urban living is growing and Ottawa is taking more of a centre stage role in Canadian real estate. This is forcing developers to look differently at their projects and come up with something different. Here are four upcoming developments to change Ottawa’s condo landscape.

Icon Condo Ottawa

Ottawa’s impending condo boom is about to get a major kickstart with Claridge Icon. Towering at 45 stories tall, this skyscraper will be the tallest tower in Ottawa. Aimed to be completed in 2020, the project will be the first major development on Little Italy’s Preston Street since 2006. The building should attract primarily young and established professionals looking to be close to downtown with more of a tranquil lifestyle after business hours. Claridge Icon will pave the way for the rest of Preston Street to get a facelift with proposed projects, such as SoHo Italia and The Sky, along with unannounced and unofficial projects including the Old Prescott restaurant and land, the massive parking lot next door, and the old government buildings on Booth St to name a few. Claridge will get to wear the crown of building the tallest tower in Ottawa. Unfortunately for them, it’s only a matter of time before another developer takes that mantle (hint; it could be Richcraft with a 55-story tower proposed at The Sky).

 

 

The Residences at Island Park Drive Condo Ottawa

Ottawa’s luxury condo market has been under the radar for quite sometime. With wealthy baby boomers looking to sell their massive homes and move into a massive condo (they want to downsize, but not by a lot 😉), the demand is brewing. Enter Mizrahi Developments and their project, The Residences at Island Park Drive. The Toronto heavyweight known for bringing the epitome of luxury to life is ready to elevate the standard of luxury condos in Ottawa with The Residences at Island Park Drive. Looking for a hotel level 24-hour concierge to get you anything you can dream of and a valet to park your car and take your bags to your suite? Well you will get all of that and more at this Westboro development. Mizrahi Developments is looking to redefine luxury living in Ottawa and we can wait to see what it looks like.

 

 

Moon Condo Ottawa

The Northwestern part of Centretown isn’t as glitzy or well know as the rest of Centretown. Primarily home to a lot of office buildings and a lot of parking lots, there’s much to be desired here. Luckily most parking lots turn into major developments, and this part of Centretown has lots of them. Enter Claridge Moon. This project by Claridge Homes is so big, its going to front on three street; Albert Street, Lyon Street, and Queen Street. It will be built in multiple phases with two 27-story towers and one modest nine story tower. The main attraction of the site is the O-Train’s Confederation Line. The entrance to Lyon Station is literally on site, the first of its kind its Ottawa. Imagine the convenience! You can sleep in, get ready for your day, stroll down the elevator and into the station. Sounds dreamy…. Then you realize the O-Train doors don’t close, dream over (haha). By the time Moon is built, the O-Train should have its kinks worked out.

 

 

Terraces at Greystone Village Condo Ottawa

Main Street is going through a renaissance. The city has invested millions in making the street more pedestrian and cyclist friendly for the impending development that will reshape Old Ottawa East. The cornerstone development on Main St is Greystone Village by eQ Homes, one of the last master plan communities inside the greenbelt. The developments first condo building, The Terraces, looks to impress with views of the Rideau River and a walkable lifestyle. Greystone Village has planned for significant commercial space and should attract a major grocery store and restaurants to compliment The Green Door Restaurant and Little Italy Fine Foods, they have the best espresso in Ottawa; seriously you have to go!

Honourable Mention: LeBreton Flats. Yes, we we’re all expecting the Rendezvous Group to finally move downtown and start one of the biggest redevelopments the city has ever seen and bring the Sens downtown where they belong. Then, like the Sens themselves, all they did was disappoint the fans/city (too soon?). Whatever the outcome, I hope the NCC and the Rendezvous group can work out a solution. Ottawa deserves to see LeBreton Flats get developed properly.

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Have a look at the October 2019 Market Statistics for Condominiums in Ottawa.

Members of the Ottawa Real Estate Board sold 396 condominium-class properties in October 2019, an increase of 23% from October 2018.

The average sale price for a condo in Ottawa was $319,208, an increase of 18.3% from October 2018.*

The most active price point in the condominium market was, $225,000-$349,999, and accounted for 53% of the units sold.

Curious about October 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.

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Welcome to 382 Piccadilly Avenue, located in the heart of Wellington Village. This immaculate, walk to everything, 3-bedroom 2-bathroom semi-detached is a dream for the outdoor enthusiast. With paths and trails a stone throw away and a 100% bike score rating, this neighbourhood is an active lifestyle and urban dweller’s dream. This home features an open concept main floor with a gas fireplace and hardwood floors. Bright galley style kitchen with gas stove. The second floor is made up of three bedrooms & a newly renovated full bathroom with heated floors (2019). Newly fully finished basement (2018) with full bathroom (with heated floors), cold storage and laundry room. Private backyard with large deck, gas line for BBQ, perfect for entertaining. Shared driveway with detached garage. Other upgrades at 382 Piccadilly Avenue include; new double-hung windows (2014-2019), capped chimney (2019), fireplace (2017), eavestrough (2013), kitchen hood vent (2014) and roof on garage (2017).

382 Piccadilly Avenue Neighbourhood Guide

382 Piccadilly Avenue is located in Westboro. The neighbourhood of Westboro is west of downtown Ottawa. Westboro is one of the most sought after neighbourhoods in Ottawa and features many different property types. From character-filled single-family homes, condominiums, and brand new infills – this neighbourhood has something for everyone. It is a great place to take a walk or bike ride along the Ottawa River. The neighbourhood is served by the Tunney’s Pasture O-Train Stop, as well as many bus routes.

The demographics of this neighbourhood is very varied with lots of young families and older residents in the large homes and younger individuals occupying the newly built condos.

Yoga studios, vegetarian and trendy cuisines, walking-friendly streets, thrift shops, vinyl record shops and more. The Westboro neighbourhood is a thriving urban center in Ottawa. Many delicious restaurants operate here providing something for everyone’s taste. In addition to all this, this neighbourhood has one of the only swimmable beaches near the downtown core, Westboro Beach. It is a perfect place to relax during the day and watch the sunset during summer nights.

Westboro is near the downtown core, just a 10-minute drive or even shorter ride on the O-Train away. For the outdoorsy types, the neighbourhood has a concentration of outdoor and sports stores including Mountain Equipment Co-op, Lululemon Athletica, Bushtukah and The Expedition Shoppe. It is also close to cycling trails and whitewater rapids in the Ottawa River.

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Have a look at the September 2019 Market Statistics for Condominiums in Ottawa.

Members of the Ottawa Real Estate Board sold 436 condominium-class properties in September 2019, an increase of 26.4% from September 2018.

The average sale price for a condo in Ottawa was $309,373, an increase of 9% from September 2018.*

The most active price point in the condominium market was, $225,000-$349,999, and accounted for 56% of the units sold.

Curious about September 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.

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Welcome to our first edition of OC Cribs – Industrial Hard Loft. 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!

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