Building Update

Ottawa Condo Market Statistics - March 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for March 2019 and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Centretown - Stats (1).jpg
Byward Market & Sandy Hill -  (2).jpg
Little Italy - Stats (2).jpg
Hintonburg - Stats (1).jpg
Westboro - Stats (2).jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - February 2019

Ottawa-Condo-Stats-and-Data.jpg

As we do every month, we have taken a closer look and broken down the sales data for the month of February 2019 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Ottawa Condo Centretown - Statistics February.jpg
Byward Market & Sandy Hill - February.jpg
Little Italy - Stats.jpg
Hintonburg - Stats.jpg
Westboro - Stats.jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - January 2019

Ottawa-Condo-Stats-and-Data.jpg

As we do every month, we have taken a closer look and broken down the sales data for the month of December 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Ottawa Condo Centretown - Statistics January.jpg
Ottawa Byward Market & Sandy Hill Condo - Stats January 19.jpg
Ottawa Condo Little Italy - Stats January 2019.jpg
Ottawa Condo Hintonburg - Stats January 2019.jpg
Westboro Condo Ottawa - Stats January 2019.jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - December 2018

Ottawa-Condo-Stats-and-Data.jpg

As we do every month, we have taken a closer look and broken down the sales data for the month of December 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Market - Centretown.jpg
Market - Byward Market and Sandy Hill.jpg
Market - Little Italy.jpg
Market - Hintonburg.jpg
Market - Westboro.jpg

Questions about how these numbers affect your investment/condo? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - November 2018

Ottawa-Condo-Stats-and-Data.jpg

As we do every month, we have taken a closer look and broken down the sales data for the month of November 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


Ottawa condo real estate statistics Centretown.jpg
Market - Byward Market and Sandy Hill.jpg
Market - Little Italy.jpg
Market - Hintonburg.jpg
Market - Westboro.jpg

Questions about how these numbers affect your investment/condo? Contact us to chat more!

Claridge Icon Ottawa Condo - Construction Update

Claridge Homes is steadily progressing on construction of what will be Ottawa's tallest condominium building. Claridge Icon is located at 485 Preston Street in Little Italy and across from Dow's Lake. Expected completion of the 45 story building is April 2019. Unit price ranges from $291,000 to well over $1,235,000 of the 230 total units.

For more information about pre-construction condos within the city of Ottawa, please contact Matt Richling (sales representative with RE/MAX Hallmark Realty Group) by filling out the form below.

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Arthaus Condos Ottawa - Construction Update

ArtHaus residence and condominium is currently on track for a late 2017 completion. Built by DevMcGill and located at 20 Daly Avenue with a premium location beside the Rideau Shopping Center and the Byward Market. Prices for available units range from $246,990 up to $589,990.

For more information about pre-construction condos in downtown Ottawa, contact Matt Richling (sales representative with RE/MAX Hallmark Realty Group) by filling out the form below or by email Matt@MattRichling.com

Name *
Name

The Bronson - Cancelled? Sold? Rentals?!

Bronson Condos Ottawa Rental
Bronson Ottawa Condo

In a recent Globe and Mail article it was mentioned that Lamb Development has sold the "$90-million condo project... to an investor". The article implies that Brad Lamb sold the building to an investor who is turning the project into a rental building. Bronson is/was located at 196 Bronson Ave.

Digging further, Fortress Real Developments has announced that the development team submitted a revised development application for Bronson back in October for review by the city. "The 21 storey, 212 unit apartment project is currently being contemplated as a rental as opposed to a condominium." as per their website.

Stay tuned!

View the Globe and Mail article HERE. Excerpt "Even Toronto’s “condo king” Brad Lamb has turned to the rental market, recently selling a $90-million condo project called the Bronson in Ottawa to an investor. When Mr. Lamb unveiled the project in 2013, Ottawa’s condo market was booming, but it has cooled off amid a glut of new construction. “By the time we had closed on the project the market had shifted significantly,” said Ben Myers of Fortress Real Developments, which was financing the project. “A lot of projects came in on a few years and it was just too much.” - 

Gotham - Occupancy Delay

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Owners of Gotham (224 Lyon) received notification from Lamb Development this morning of another delay in firm occupancy. Owners on the lower floors were expecting the occupancy as of March 24th, but notified today that it is pushed back till April 1st (some higher floors are reporting similar delays). 

As is in the notice "Due to some unexpected and additional items identified as required for occupancy by various City Inspectors on Thursday of this week (that will take 5-10 days for the site to complete,) we are giving you a revised firm occupancy date of 1 April 2015."

Lamb Development faced two large and unfortunate set backs during construction by outside trades that have held up completion of the building. They stand by the product, with Brad Lamb saying that "Gotham will be Ottawa's finest residence."

Questions about Gotham condos in Ottawa? 

Gotham Showcases Modern Industrial In Four Models - Ottawa Citizen

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The Ottawa Citizen looks at the four models that are opening to the public tomorrow March 14th, inside the Gotham Condos. Of the 240 units in the building, only 40 suites remain, with pricing starting at $262,900 up to $451,900. Built by Lamb Development, the building is starting occupancy March 24th, 2015. Questions about Gotham? I would love to help.


Gotham Showcases Modern Industrual In Four Models
Patrick Langston - Ottawa Citizen
March 13, 2015 

Condo buyers anxious for a taste of life at Lamb Development’s much-anticipated Gotham — a name that evokes robust images of both New York City and Batman — can do so Saturday when four model suites open to the public.

The models, ranging from 497 to 922 square feet, feature strong industrial accents such as exposed concrete as well as generous glazing and contemporary decor.

The 17-storey building of glass, steel and black brick towers over a mostly low-rise neighbourhood at the corner of Gloucester and Lyon streets.

The project has sold well since it launched four years ago: only 40 of its 240 units remain available, and the builder may keep some of those unsold condos as rentals. Penthouses and “glasshouses” (spectacular, glass-enclosed units) have all sold.

Construction was slowed by this winter’s extreme cold, but company president Brad Lamb says buyers are expected to take occupancy by March 24.

The remaining units will be sold four at a time, and there will always be a quartet of model suites for viewing. Lamb calls the approach a “patient” way of selling. Keeping your customers a little hungry is also a smart way of selling.

Available suites at the time of writing range from $262,900 to $451,900.

The model suites embody the company’s fondness for contemporary, industrial-tinged design, according to Lamb.

“We want to be edgier in all our units: we use exposed concrete; nine-foot ceilings, sometimes higher; modern, clean finishes. We don’t want anything historically oriented; it’s always to the future.”

Lamb says the models target Ottawa’s main condo market: young singles, young couples, the occasional 50-plus pair without children. 

“Our goal is to deliver in every market the best units in the middle-class range.”

The project will include seven condo townhomes with private patios and 20-foot-plus ceilings in the living/dining rooms. Five of the seven homes have sold.

The models

Loft 08/09: The one-bedroom, 497-square-foot unit may be the smallest of the four models but, like all the condos at Gotham, the shotgun-style layout captures some of the great outdoors thanks to the wall of glass in the living/dining/kitchen area. The expanse of glazing includes a patio door leading to the standard-issue balcony with its gas barbecue hookup.

The kitchen features stainless-steel appliances including a gas stove, and the sleek, white Euro-style cabinetry matches the quartz countertop. The finishes in the models are all standard features, says Lamb.

The bath and bedroom, the latter with three walls only and simply decorated to reduce clutter, sit between the entry and the main living area.

An exposed concrete wall runs the length of the model, which is priced at $262,900.

Loft 10: With both a den and a bedroom, this unit maxes out its modest 648 square feet.

The den, just off the entry, sets the contemporary tone with its exposed concrete wall, black-and-white photo of a manual typewriter, and a metal-and-glass floor lamp.

A round wooden table set with white candles and surrounded by wood and-blue fabric chairs lends warmth to the living area with its one concrete wall and ceiling that are Lamb standards.

The bedroom’s sliding, frosted-glass door would provide privacy if you had a guest sleeping on a pull-out couch in the adjacent living room.

This unit is $317,900.

Loft 11/12: Another bedroom-plus-den unit, but at 751 square feet, this one has extras such as a four-piece bath with access from both the bedroom and den.

The kitchen, which is just off the foyer, has an elegant feel thanks to the blend of charcoal grey cabinetry and white countertops.

“I think we build the most beautiful washrooms and kitchens in any market,” says Lamb. “They’re like art.”

The suite, which sells for $357,900, features dark wood flooring and striking furniture, like a metal and timber credenza.

Loft 07: At 922 square feet, this unit has room for a den, a bedroom large enough for a compact tub chair in one corner, a four-piece ensuite with an undermount sink, and, just off the foyer, a powder room.

Contemporary reigns in the living area with metal basket dining chairs, a gleaming white laminate credenza, and low-slung steel and fabric easy chairs.

The kitchen sports a large island with a double, undermount sink and contemporary fixtures. The backsplash is light grey subway tile.

The unit costs $451,900.

In the area

It’s a short walk to everything from Bank Street’s restaurants and stores to parks like the one overlooking the National Library of Canada. For those with a green thumb, there are a couple of nearby community gardens, including one at Nanny Goat Hill at Laurier and Bronson.

Gotham

What: 240 condo units in a 17-storey downtown tower. Also an adjacent seven-unit townhome condo development.

Builder: Lamb Development Corporation

Prices: Apartments that will be available as of Saturday start at $262,900. Condo fees: 42 cents a square foot. Parking, $35,900.

Sales centre: 224 Lyon St.

Hours: Monday to Wednesday, noon to 6 p.m.; Thursday, 3 to 8 p.m.; weekends, noon to 5 p.m. Closed Fridays. (Model viewings by appointment only.)

Information: 613-257-8887gothamottawa.com

Bowery - Construction and Sales Update

Bowery Condos Ottawa Construction

Construction is underway at The Bowery Condos (255 Bay St) by Richcraft Group. Crane was delivered on site a short while back and crews are currently pouring the lowest parking level, P4.

Currently sitting at just over 25% sold, with an expected occupancy date of late 2016 for the lowest floor to mid to late 2017 for the penthouses. Some of the units are now sold out completely (the S4 studio unit, penthouses), while some have limited availability (S1, S2, S3, O2, O3, F4) on the lowest floors. 

Question about The Bowery Condos? 

Gotham - Building Update

Gotham Ottawa Condos Lyon
Gotham Ottawa Condo Exterior 224 Lyon

Lots of activity on site (224 Lyon st) getting ready for the first occupancy date of March 24. Today the appliances for the 9-13th floors being delivered, and the exterior construction elevator was being taken down. While there is still some exterior brickwork to be finished, some of the on-site crew has said that the majority of the units are mostly completed and ready to go, only a few exterior and common areas that still need last bit of work.

Any questions, I would love to chat! Click here to talk.

The Kavanaugh - Building Update

The Kavanaugh, is a 130 unit, 10 storey building that is another project from Domicile. Located at 222 Beechwood Ave, in the heart of New Edinburgh. Currently pouring the 6th floor, Domicile is expecting to finish The Kavanaugh in the summer of 2015.

With approximately only 30 units remaining, you still have some selection available, depending on the floor and size. One bedrooms range from 665sqft for $288,100 on the 4th floor, to 720sqft for 320,100 on the 8th floor. One bedroom plus dens range from 613sqft for $280,700 on the 3rd floor, to 861sqft for $426,300 on the penthouse floor. Two bedrooms range from 919sqft for $407,800 on the second floor, to 1101sqft for $556,500 on the Penthouse. The last two bedroom plus den is 1074sqft for $530,100 on the ninth floor.

- Parking is $31,000
- Upon occupancy, every suite will be assigned one storage locker
- BBQ gas line included
- Stainless appliances and gas cooktop included.

If you are interested in learning more about The Kavanaugh, I would love to help!


Written by Matt Richling.

Matt is a licensed salesperson at RE/MAX Metro City Realty in Ottawa, Canada. Matt loves helping sellers and buyers find the perfect home or condo that fits their lifestyle. 

SOHO Champagne - Building Update - September 18th

Building Update Sept.jpg

SOHO Champagne is the 3rd SOHO building by Mastercraft Starwood in Ottawa. It is a 200 unit, 20 storey, "hotel inspired" condominium building that is located at 111 Champagne Avenue. Currently under construction, SOHO Champagne is looking to start building occupancy in April 2015. 

Currently there are 38 units left and they are about 85% sold out. The main section of the building, there are only four one bedroom floor plans still available for purchase;
- Model E - 535sqft plus an 82sqft balcony, starting on the 11th floor for $302,900
- Model E1 - 535sqft plus an 82sqft balcony, starting on the 11th floor for $298,900
- Model f - 666sqft plus a 57sqft balcony, starting on the 10th floor for $353,900
- Model G - 614sqft, starting on the 4th floor for $307,900 

In regards to The Skycollection, higher units starting on the 16th floor, there are also a number of floor plans sold out, with only a few remaining. Ranging from 535sqft plus balcony for $314,900, up to 897sqft plus balcony for $510,900. 

If you are looking for Pathway Suites (lower units on 1st, 2nd, and 3rd floor), you have a good selection still remaining at a great price. Keep in mind that six of the 15 floor plans are already fully sold out.

They have seen a number of units sell over the past week and are looking to continue this success into the fall market. 

Notes:
- Parking is $35,000
- Locker is $3,500
- Condo Fees are $0.49sqft plus hydro

Are you looking for more information on SOHO Champagne or the SOHO brand in Ottawa? Fill out the form below to contact me, I would love to help.


Written by Matt Richling.

Matt is a licensed salesperson at RE/MAX Metro City Realty in Ottawa, Canada. Matt loves helping sellers and buyers find the perfect home that fits their lifestyle. 

Gotham Ottawa - Building Update September 15th

Gotham Ottawa, is a 17 storey, 251 unit building, located at Lyon St. and Gloucester St. It is a project of Lamb Development and Fortress Real Developments that is set for completion later this year.

"Loft 13" which is still available for $233,900.

Sales Update

Currently 87-90% sold, there is more supply of the Jr. one bedroom and one bedroom range. While if you are looking for something larger, only a few two bedroom plus dens still available. All two bedrooms, three bedrooms, and "Glass House" units are sold out. Keep in mind prices for the smaller units have recently been increased and the larger units have had prices lower slightly. These price changes range from $10,000 to $12,000 depending on the unit and size. Prices range from $233,900 for the 426sqft one bed "loft 13", up to $619,900 for the 1,300sqft two bed plus den "Loft 316".

Construction Update

The building has been topped off, and most of the exterior glass windows and doors have now been installed. Interior work on the lower floors is underway with PDI's (pre-delivery inspections) being scheduled in October and occupancy beginning in November. 

Photo from " urbform" on flickr , showing building construction topped off, and glass windows mostly finished.

Photo from "urbform" on flickr, showing building construction topped off, and glass windows mostly finished.

Are you looking for more information on Gotham Ottawa? Or looking to purchase a new condo unit? I would love to help!



Written by Matt Richling.

Matt is a licensed salesperson at RE/MAX Metro City Realty in Ottawa, Canada. Matt loves helping sellers and buyers find the perfect home that fits their lifestyle. 

SoBa Condos - Building Update

Soba ottawa logo Matt Richling condos

**For updated information about SoBa Condos, check out the dedicated section with regularly updated construction and sales information. CLICK HERE to view.**

SoBa Condos in Ottawa - Building Update September 15th, 2014

SoBa Ottawa, is a 23 storey, 240 unit, condominium building that will be located at 203 Catherine street, between st. Bank and O'Connor st. It is a project of Lamb Development Corp. and Fortress Real Developments, and is expected for completion of fall 2016 to early 2017. 

Currently at 73% sold out, with a steady amount of sales over the last few weeks (seven units were sold last week alone). They are getting ready to close down the sales office in the next few weeks, start digging in October and finish the digging in December. 

They have a great mix of units still for sale, with many units either sold out, or only one of the model left. Most of the one bedroom, and one bedroom plus dens that are still available, are only available on one floor. While if you are in the market for a two bedroom or something on the larger side, you will have much more selection.

Prices start from $255,900 for unit 716 which is a one bedroom (floor plan D) 465sqft  plus a balcony, facing east. Up to the largest unit a 1,264sqft two bedroom facing North for $680,900. A few penthouse still remain, $671,900 to $828,900, 980sqft to 1,219sqft (just think of the amazing views!).

Floorplan D, which is still for sale $255,900.

Notes: 
- Parking: $39,900 only available for units 604sqft or larger.
- Lockers: $3,500
- Maintance fees - $0.48sqft
- Deposit for Purchase - $5,000 on signing, balance to 5% in 30 days, 5% in 60 days, 5% in 120 days, 5% at closing

If you are interested in SoBa condos or learning more about what they have left, fill out the form below. I would love to help you find the perfect condo, to live in or as an investment.



Written by Matt Richling.

Matt is a licensed salesperson at RE/MAX Metro City Realty in Ottawa, Canada. Matt loves helping sellers and buyers find the perfect home that fits their lifestyle.