Condos

SOBA Condos - Construction Update

Soba Condos Logo Ottawa

Checked out the progress of the Lamb Development project, SoBA. This is how it sat since they pulled an old tank out of the ground (click for video) on April 1st. No word yet on what exactly they found or how it will impact timing and no word from Lamb on when they expect construction to officially start.

Located at 203 Catherine st. in Centretown, the 23 storey, 240 unit building was set for completion late 2016. Fill out the form below if you are looking for more information on units currently available.

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

Soba ottawa Condos Catherine

What Is The Ten Day Cooling Off Period?

pre construction cooling off period Ottawa

As per the Ontario Condominium Act, each developer has certain restrictions and rules to follow that are in place protect you, the consumer. When you buy a newly-built condo direct from the developer, you have the right to cancel the purchase within a 10 calendar day cooling-off period. This was put in place so when on launch day you get all caught up in the hype and excitement, you are still able to make sure you don't have any buyers remorse. Just remember that there is no cooling off period on re-sale condominiums.

Things to be aware of:
- The clock on the 10 day period starts from the time you receive a copy of the fully signed purchase and sale agreement OR the disclosure statement, which ever comes later.
- You also have the right to cancel a sales agreement within 10 days after any "material change" (significant change) to the disclosure statement.
- If you decide to cancel, the developer must refund any deposit plus any interest that may be payable.
- A developer is not able to terminate your purchase and sale agreement without your consent or a court order.

During the 10 day cooling off period we highly suggest that you:
- Have your lawyer to review the agreement and discuss any concerns that you might have about the purchase or the agreement. This is the time to request any changes to the agreement, not once the cooling off period is over.
- Speak to your mortgage broker and ensure you are pre-approved for the purchase. Keep in mind the closing date and get in writing that they are able to do a rate hold till your closing. Not all mortgage brokers and banks are able to do long rate holds for pre-construction condos in Ottawa.

More questions? I would love to help you find the answer! Contact Matt.

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? 

Ottawa Citizen Feature - Perks Help New Centretown Condo Sell Quickly

Ottawa Citizen Condo sold

This past weekends Ottawa Citizen that profiled a recent sale. Click here for the online version. 

Perks Help New Centretown Condo Sell Quickly
Jennifer Campbell - Ottawa Citizen - March 3rd 2015

Location: Tribeca, 179 Metcalfe St., Unit 1607
Features: Large and stylish one-bedroom, one-bathroom. Price included parking, hardwood floors and storage locker.
Asking price: $354,900
Selling price: $348,000
Days on market: 25

Word from the sales rep: “This is a unit that shows beautifully, with stunning views looking south over the city, and we priced it competitively,” says Matt Richling, a condo sales rep at Re/Max Metro-City Realty. “The Tribeca (built by Claridge) is brand new, with some of the best amenities in the city, and the perfect location. Add this all up, and it’s no wonder the buyer fell in love.” (The buyer was represented by David O’Reilly at Keller Williams Ottawa.)

What’s good about the ’hood: Walking distance to the ByWard Market, Elgin Street, Rideau Canal, Glebe, Chinatown and Parliament Hill.

Tamarack Wellington - Construction Update

Tamarack Wellington Ottawa Condo Construction

Tamarack Home's newest building Tamarack Wellington, a 52 unit, six floor building, designed by Barry J. Hobin, will be starting construction this Monday, March 9th. Located at 1140 Wellington Street West, the building is set for completion mid 2016. Currently 37% sold out, with floor plans across every floor still available.

Here is the full memo released by Tamarack:

WEEK OF MARCH 2ND, 2015 - BREAKING GROUND

Overview:
After overcoming some final hurdles to obtain our Building Permit, we are now officially ready to start Construction! Taggart Construction has mobilized on site and are completing some exploratory work in preparation to commence shoring and excavation work next week.

On Monday March 9th, our shoring contractor will begin to drill and install piles along the perimeter of the site. You will see a large drill rig on site that will be used to drill and drive the piles into the earth. As we install the piles, we will be removing earth and installing lagging to support the extent of the excavation. This portion of the work will take roughly 2-3 weeks to complete.

What to expect during this stage of construction?

-Increased site activity. You will see delivery trucks, equipment being delivered, and increased activity of individual workers on Site. Safety is our number one priority. We will ensure that every truck entering and leaving the site does so with traffic control present.

-Noise caused by drilling and driving piles into the earth will be evident. This is typical construction practice and should not disrupt daily activity for nearby residents and businesses. Noise will only be heard during conventional hours of Construction (7am-5pm).

-Removal of earth will be ongoing but infrequent. Due to the infrequency of loads traffic should not be impacted.

-Removal of trees – We are required to remove four existing trees at the east end of our property, bordering the Grace Hospital. We will be replacing these trees with a mix of new species that will enhance the natural landscape of the area.

What’s next?

-Installation of Site Servicing at the east end of our Site is schedule to commence on March 23rd. We will update the blog as dates become firm.

-Line drilling and rock blasting is scheduled to commence on March 30th. We will be sharing a detailed blasting schedule and blasting protocol as we approach this stage of the work.

Thank you all for your ongoing patience and support!

Sincerely,
Tamarack Wellington Construction Team

What Is Interim Occupancy? And What Are These Fees?

Gotham Condo in Ottawa that is under construction.

Gotham Condo in Ottawa that is under construction.

Typically when you purchase a pre-construction condominium here in Ottawa you will be given two different dates, the interim occupancy date and the closing date.  Let's try and explain the difference between the two and what how exactly they come up with the fee amount.

The Closing Date and Interim Occupancy?

The closing date is when the ownership of the condominium unit is registered and transfered over to the buyer (you) from the builder. This registration cannot take place until all the units in the condominium building have reached a degree of construction (as set out in the regulations of the Condo Act).  However, before the building is registered many of the units will be substantially complete and will already have obtained the occupancy permits from the city. This allows the builder to move the owners in, without the owner having ownership of the unit. It is standard for a developer to require the buyer to take occupancy before the buyer gets ownership, and will be written out in the agreement of purchase and sale.

 Fee?

Section 80(4) of the Condo Act allows a developer to charge a monthly occupancy fee to the buyer upon occupancy of the condo unit. The monthly fee may include;

- Interest on the balance of the purchase price at the rate of interest that the bank of Canada has most recently reported as the chartered bank rate for a conventional one year mortgage rate.
- An amount reasonably estimated (on a monthly basis) for municipal taxes, for that unit.
- The projected monthly common expenses contribution, for that unit.

Essentially it is roughly what you would be paying, but just to the builder. None of these fees goes against your mortgage, property taxes etc. Keep in mind that you are not the legal owner of the condo unit yet, and there is no condo corporation to pay any fees to. 

Your Rights During Occupancy

During the interim occupancy period, the developer has a number of rules (as per section 80(6) of the Condo Act) that they have to follow and that the buyer must follow. These include:

- The developer shall repair and maintain the property and the unit in the same manner as the future condo corporation, which will maintain the building and units after registration of the corporation.
- The developer may withhold consent to an assignment of the right to occupy the unit.
- The developer may charge a reasonable fee for consenting to any assignment of the occupancy.
- The developer must (within 30 days of registration), notify the buyer in writing of the date and information of the registration, (unless the buyer receives a registrable deed to the unit).
- The buyer is able to pay the entire balance of the purchase price, on the date of interim occupancy, in order to reduce or eliminate the interest component of the monthly occupancy fee that the developer can charge.

Do you have a specific question about occupancy and interim occupancy fees? I would love to chat! 

Looking Ahead to 2015 in Ottawa

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As the snow starts falling, and the days pass... we realize that 2015 is almost here. Lets take a quick look ahead and what some of the major players are predicting and what it means for someone looking to make a move in the new year.

The Canada Mortgage and Housing Corporation is predicting:
- Increase of 1.4 per cent for sales price of new construction single detached homes.
- Decrease of 2 percent for new home starts
- Increase of 0.8 per cent for sales price of resale properties (both residential and condo)
- Increase of 1.8 per cent for average rent of two bedrooms
- An increase of 0.2 per cent for rental vacancy
- Decrease of 0.7 per cent of MLS sales (both residential and condo)

RE/MAX Ontario Atlantic is predicting:
- Increase of 1.6 per cent for average residential price
- Lots of inventory or "excellent selection" in the condominium market
- In 2014 sellers were optimistic and overpriced properties, which pushed days on market. This will impact 2015 with continued increased DOM and more selection for buyers, but will balance out with fewer housing starts.
- Nationwide residential sale price to increase by two to three per cent in 2015 

Overall, while we will not see any crazy gains in price, we will see a slow and easy gain through 2015. More properties are and will be on the market, so sellers need to be more accurate with pricing (NOT OVERPRICED), and buyers will be able to have more selection. Again... Note that CMHC says there will be more listings, and fewer sales - it is more important than ever to have your property priced right, and marketed to its full potential!

Click here for the full CMHC 2015 Ottawa Prediction report.

Click here for the full RE/MAX 2015 Housing Market Outlook Report.

If you have any questions about buying, selling, or the market in general - I would love to chat!

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SoBa - Free Condo Fees

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

SoBa Ottawa announced today that they are offering free condo frees for two years to any new purchases. A promotion like this usually comes as a reduction of unit price or a cash back on closing.

Looking to find out more about SoBa Ottawa or purchase a new condo in Ottawa? I would love to help. Contact me by filling out the form below.

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Which Ottawa Condos have Pools?

Indoor pool for the owners at 200 Rideau St and 234 Rideau St, built by Claridge

Indoor pool for the owners at 200 Rideau St and 234 Rideau St, built by Claridge

While it might seem like the amenities rarely get used in a building, for those that take advantage of them, its like adding extra rooms onto your condo for free! (Well... yeah you pay for them, but still)

Lets look at which condo buildings around Ottawa have pools!

Claridge (especially lately) has been a big believer in amenities and nice big pool areas. Take a look at  Claridge Plaza (phase 1-4), La Tiffany (phase 1 and 2), Lebreton Flats (250 Lett),  Tribeca (pool under construction), and eventually Claridge ICON (est 2018), etc.

Urban Capital has started including resort styled pools with The Mondrian (324 Laurier) and the Hideaway (on Mcleod). 

Mastercraft Starwood, known for high quality amenities includes pools at SOHO Lisgar (300 Lisgar) and soon SOHO Champange. SOHO Parkway only gets a rooftop hottub with some of the best views of the city... (sarcasm...). 

Richcraft has built a few pools including, The Galleria (200 Besserer), The Galleria Phase 2 (238 Besserer), The Laurier (570 Laurier), and soon to be built The Bowery.

Other central buildings with pools include 90 George St, 160 George Street, 199 Kent, 500/530 Laurier Ave, 470 Laurier Ave, 556 Laurier Ave, 151 Bay, 20 The Driveway.... etc. The list goes on.

Currently we have a few units available with pools including, Claridge Plaza (234 Rideau Unit 1005, Mondrian (324 Laurier Ave Unit 2209) and two units at Tribeca (179 Metcalfe)

If you enjoy taking a dip and are looking for a condo with a pool in Ottawa, lets chat! I would love to help you out!



Ottawa Citizen Article - Condo Roundup - Take Aways

The Ottawa Citizen published an article today about the condo market in Ottawa, along with some insider forecasts on the current and future market. You can read the full article here. I have summarized the important take aways, then going to run through exactly what it means for buyers, sellers, and everyone else. 

Coles Notes:
- CMHC reports lowest condo construction starts this year since 2009.
- CMHC says the unsold inventory is to blame
- CMHC forecasts another smaller decline in 2015, then rallying back in 2016
- An industry analyst (from PMA Brethour Realty Group) predicts condos will represent ~18% of sales in 2014, compared to 25% in 2013, 29% in 2012.
- PMA blames poorer job prospects, and more cautious first time buyers, and investors are buying less than previous years, are maxed out, or scared by still-increasing prices.
- PMA sees condo sales increasing over the next year when first time buyers return to market. 

What exactly does this mean for those looking to buy in Ottawa?

Donald Trump is famous for saying you make money in the buy, not the sell. During the meltdown in the USA, Warren Buffett was advising to buy residential real estate before prices went back up. Over the next year or so, CMHC along with other analysts, are expecting the market to continue to soften, and then start to rise again. If you are in the market to buy, there is no better feeling then knowing the prices are going to lower (allowing you to buy low), and then rise. Obviously, you want to take your time and find the perfect place, at the best price, that suits you and your future. *NOTE* Plan on holding your property for at least three years, (preferably five), other wise the costs will outweigh your benefits. So think hard and long about your future or if uncertain, at least look at units that can cover the costs by renting it out. This also means the style of property. Are you dating? Chances are that 500sqft unit wont work for the future couple. Want a dog or kid? same thing. Think ahead and save yourself down the road.

What exactly does this mean for those looking to sell in Ottawa?

Certainly not great if you purchased your condo since 2009 and are looking to sell in the next year or two. You have more competition, and harder pricing. You will need to make your property stand out among the rest, and be willing to work with a buyer for a sale. ***Chances are, you have/will never heard/hear an agent say this but....*** if you can hold out, do it. Wait it out. This is the opposite of what we are "supposed" to say, but this is your largest investment - treat it as such. While you wait, the mortgage is getting paid down, and you will have more room later on. THE FLIP SIDE of this, if you need to sell, take the hit now (hopefully as small as possible), and find a great deal that will have a better return. 

What does this mean for those who are just checking in, with no immediate plans to buy or sell?

Don't panic. Everything goes up and down, and while we have seen a slow but constant increase, corrections are due to happen. Re-evaluate your life plan and see how your living situation will fit in the property over the next four or five years. Then try and plan accordingly. 

Do you want to chat about planing to buy? Or make a plan to reduce the hit you will take when selling? I would love to help you out, click the button below.

Matt Richling Ottawa Condos For Sale.jpg

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. 

Main Street by Domicile - History Lession

Sacred Heart Convent, 2000 - From  History Of Ottawa East

Sacred Heart Convent, 2000 - From History Of Ottawa East

Domiciles next project to launch will be located in Old Ottawa East, at 141 Main Street. The two building, five floor, 140 unit project, will be located on 3.5 acres between Oblate and Springhurst. The current building, a convent named "Sisters of the Sacred Heart of Jesus" or "Les Soeurs Du Sacre-Coeur De Jesus", dates back to 1902.

At the request of the Oblates Fathers, five sisters arrived in Ottawa from Brittany France to provide domestic services. Then in 1911, five townhouses, a boarding school, and a small convent was built. The original convent was destroyed by a fire in 1913 and the present convent was rebuilt a few years after. The Sisters adapted to the Canadian culture and began teaching syllabus to local students. It quickly grew to over 200 students and had numerous additions and wings built. At its peak in 1961, there were 246 Sisters living, and working at the convent. Ceasing to train new members in 1995, the convent presently remains home to 79 Sisters.

The property was purchased by Domicile on January 3rd, 2014, who has committed to allow the sisters to stay in the convent indefinitely.

For a more detailed read, check out the History of Ottawa East page.

Main Street by Domicile

Main Street By Domicile Front

Located at 141 Main Street, between Oblate Avenue and Springhurst Avenue, local Ottawa builder Domicile, will be launching the next project called Main Street. Currently a convent, Sisters of the Sacred Heart of Jesus/ Les Soeurs Du Sacre-Coeur De Jesus, dates back to 1902. Still in use today by 79 Sisters who call it home, with many working outside the convent in teaching and nursing positions. Domicile purchased the land on January 3rd, 2014, and is committed to keeping the Sisters in the convent indefinitely.

Domicile is looking to construct in two phases, the first being the rear building on Oblate and second phase which will front on Main. Phase one will be a six storey building located at the east end of the property with approximately 70 units ranging from 600 to 1250sqft. Phase two is located at the west end and will contain another 70 condo units.

In addition to the residential condos, there will be about 1,485 square meters of retail space for nine or ten smaller shops and restaurants.

Domicile is looking to start selling early in 2015, with construction start later the same year and occupancy planned for spring/summer 2017. 

Features of the building include:

  • Smoke Free (as is the last five Domicile projects)
  • Our Extended Warranty – one & two year coverage is extended to 4 years (first builder to 
  • offer this)
  • Roderick Lahey Architect
  • Guest suites
  • Fitness facilities
  • Roof top terraces
  • Interior courtyard off Springhurst.
  • Private 5200 SF park, inspired by Greeley Park in Manhattan
Ariel View of 141 Main Street - Harley613

Ariel View of 141 Main Street - Harley613

Claridge ICON - Building Update

Claridge Icon Tweet

Yesterday Claridge Condos tweeted that "Our #ClaridgeIcon sales centre has moved to 200 Lett Steet. BRING ON CONSTRUCTION!" This is great news for those standing behind the future tallest tower (45 stories or 420ft) of Ottawa. Quoted in a recent Ottawa Citizen article, Bill Malhotra (founder and president of Claridge Homes) said that 71 of the 320 units (22%) in ICON have sold, which includes half of the penthouse units. 

ICON will be located at Preston and Carling, where Little Italy meets Dow's Lake. The building will house a restaurant on the main floor; the next two levels will be Claridge offices; and there will be a party room, yoga room, guest suites, a billiard room and a swimming pool for residents. 

Construction is set to start December 1st, 2014. Occupancy is set for December 3rd, 2018. 

NUOVO - Building Cancelled

Nuovo Condos Ottawa

With the recent slowing of sales, Domicile has decided to cancel their newest Little Italy condo building, NUOVO. We last posted that sales for the building were sitting at 20%, they had signed La Bottega Nicastro to be a grocer in the main floor, and they were pushing to start digging March of 2015. However with the amount unsold, and with the number of buildings launched and under construction in the area, they had to make a choice. Over the last few days, deposits for the units have been returned, the website has been taken down, and all mention of the project has been removed from their website.

We are a fan of Domicile; their quality of work, and the customer service is top notch. They have said that they will be focusing on the next project on Main Street. 

Below was the overview of the interactive application that was inside the NUOVO sales centre.


SoBa Condos - Construction Delayed

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

Just got word that the construction for SoBa Condos will be delayed until spring 2015. Originally SoBa was scheduled to have the sales centre removed and the digging start earlier this year, however it was pushed back till late summer. Multiple reasons for the delay, but mainly Lamb Corp. is waiting on the permits from the city before they can begin. Keep in mind for those who have purchased, the last day they can deliver the condos (as per the Tarion agreements) is November 29th 2017.

If you are interested in purchasing a unit at SoBa, they are currently offering discounts on the latest pricing (prices went up before sales centre was to close) ranging from $9,000 to $41,000 off depending on the unit. For a full price list, click on the button below.

Smart House Ottawa - Floorplans

Smart House Ottawa, is claiming to be Ottawa's first micro condo building, with the largest units coming in at 586sqft for a two bedroom. Below are three out of the 18 units that are for sale in the building. 


Smart House Ottawa, suite A1, by Urban Capital

Above is the A1 unit, which at 315sqft is the smallest suite in the building. Its launch price starts at $179,900.


The C1 unit, which is the one bedroom and den, inside Smart House Ottawa.

Above is the 519sqft C1 unit, which is the only one bedroom plus den floorplan in the building, starting at $314,900.


The D1 unit, the smallest two bedroom inside Smart House Ottawa.

Above is the 507sqft D1 unit, which is the smallest two bedroom in the building, starting at $275,900.


If you are looking for more information on Smart House Ottawa, check out the Smart House Ottawa landing page HERE


Micro Condos - Nothing New for Ottawa

 Studio condos like the one above from 360 Lofts (360 Cumberland St). 

 Studio condos like the one above from 360 Lofts (360 Cumberland St). 

Right now, there is a lot of buzz about micro-sized condos and the urbanization of cities. Micro-condos, also known as studios, are condos without a separate bedroom area and typically under 500sqft. Urban Capital is about to launch a micro-condo building called Smart House Ottawa, after the instant success of its sister Smart House Toronto. With this new building comes talk about if it will sell, and who will buy them. 

Funny thing is that studio condos or micro-condos are not a new concept to Ottawa. Many post 2000's condo buildings have at least one! Lets take a look at a few of the buildings around the downtown core that have studios or micro condos.

- Galleria Phase Two (234 Besserer) has two units per floor under 500sqft. "The Williams" which is 490sqft and priced at $201,000,  and "The Danby" which is 410sqft priced at $167,000 (both units priced on 1st floor).

- Claridge Plaza Phase Three (242 Rideau) has one studio per floor. The Broadway  is 440sqft and priced around $185,000 (on 3rd floor).

- The East Market (180 York, 383 Cumberland, and 179 George), has one unit per floor in each phase under the 450sqft mark. These do have separate bedroom areas. This was the first building by Urban Capital that brought small, modern condos to Ottawa.

- 360 Lofts (360 Cumberland St) which had a large number of 404sqft studios, sold almost 70% in a couple days with prices starting at $187,900.

Some newer buildings include...

A kitchen inside a studio at 360 Lofts.

A kitchen inside a studio at 360 Lofts.

- SoBa (Catherine St) which has 56 units under 509sqft and another 36 units from 511sqft - 516sqft.  Prices start at $181,000 for the 407sqft unit with a few units left. Smallest unit is 373sqft.

- Gotham (Lyon and Gloucester) has 41 units all under 436sqft, with prices starting from $226,900 almost fully sold out.

- Central Phase 1 (354 Gladstone) has 32 units under 478sqft. Which all sold out fairly quick.

- The Slater (Slater St) which has four studio floorplans per floor (64 units total) that are between 408sqft and 425sqft, with pricing starting at $210,000.

- Centropolis (Kent and Gladstone) which has units that are 295sqft, 305sqft, 315sqft, and 340sqft. Infact, there are 44 units in the building or 10 per floor that are under 340sqft. This building is fully sold out. One studio has re-sold in the building earlier this year at $195,000 (list price on MLS).

These are just a few buildings that include studio apartments. Could you live in 400sqft space? Many people in Ottawa already are, and with very few re-sales I would say that they love them. Looking to purchase a micro-condo, I would love to help!

*Pricing taken from builder price sheets over the last 5 years. Not up-to date prices for all units.



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. 

Smart House Ottawa - Amenities

Smart House Ottawa - Building and Unit Amenities

Clever spaces, smartly designed to maximize space

Birds eye view of the amenities for Smart House Ottawa.

Birds eye view of the amenities for Smart House Ottawa.

Creating an amenities space that acts like an extension of your unit, will provide you with much more enjoyment. At Smart House Ottawa, Urban Capital has done that, bringing features that you would expect and allow you to live, exercise, lounge, and be social, all while at home. Just because you live in a micro-condo doesn't mean your social life does as well.

Interior Amenities
- Party room containing kitchen and screening area, opening onto the outdoor terrace, with wireless high-speed internet access
- Fully equipped fitness room including free weights, weight machines and state-of-the-art cardio equipment, and adjacent yoga/stretching area
-Office/productivity centre, containing large-format printer (on a "fee for service" basis), and conference room
- "Product Library", for residents to rent useful household items

Outdoor Amenities
- Outdoor terrace located on the second floor, adjacent to the indoor amenity area, with intimate lounge seating areas surrounding gas fire pits, barbecues, dining tables, freeform plantings and landscaping

Building Amenities/Features
- Two residential elevators
- Underground heated parking (accessed from Flora st)
- Executive concierge service
- "Enterphone" security system in lobby, along with fob-based access system
- All suites have water efficient toilets, faucets and shower heads
- All units will be individually metered for all utilities, allowing occupants to control their personal electricity, water, and energy usage.

Smart House Ottawa building amenities as seen from the outside. (note that the exterior amenities were removed from this rendering for visual effect)

Smart House Ottawa building amenities as seen from the outside. (note that the exterior amenities were removed from this rendering for visual effect)

Step inside the units and you will understand why they are called "Smart" and space saving. By using high quality products that utilize space saving design, you are able to have that "big house feel" inside your condo. Using a fully-integrated Liebherr 24" refrigerator (the same ones used in SoHo Lisgar, and SoHo Parkway), Porter & Charles 12" two burner smooth cook top(when was the last time you used four burners at once?), 1.5 cubic foot stainless steel microwave-oven, and Fisher & Paykel 24" single tall-tub dishwasher drawer - your kitchen has high-end european appliances right where you want them. Both the AEG architectural hood fan, and integrated cutting board, are both tucked away so you wont notice them.  Even the European-style Porter & Charles 24" washer/condensing dryer is space saving, taking up a fraction of the space a normal set would use! When not in use, all you see is a modern clean space.

Smart House Ottawa Kitchen was fully designed to save space and look good. 

Smart House Ottawa Kitchen was fully designed to save space and look good. 

smart-kitchen-closed2.jpg

Looking for advice about floor plans, views, pricing, etc? I would love to help you out, just fill out the form below. 

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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. 

The Bowery - The Breakdown

So since the VIP agent party a few weeks back I have been getting tons of inquries for more information regarding The Bowery. If you don’t know about Richcraft’s newest building, CLICK HEREAlso… note the pricing… its pretty decent for what you will get. Especially compared to other buildings and launches going on right now. Add in the rooftop pool, gym and party room, free condo fees for a year and free storage locker! Its one of the hottest buildings we have right now.

Coles notes of the points they are pushing…
- Starting at $179,000 for 375sqft (1st floor) and $415,000 for 914sqft (2nd floor)
- 6 of the floorplans under 500sqft, 13 of the floorplans between 500-799sqft, 4 floorplans 800sqft and over
- Condo Fee $0.38 per square foot + Hydro, Water
- Locker included in all purchases
- Parking $27,500
- Interior upgrades such as stainless steel appliances, Quartz Countertops
- First Choice and Best pricing through agent VIP Launch including no condo fees for a year.
- Rooftop Pool, Terrace with Panoramic Views
- Lobby includes a Concierge 
- Deposit structure is 15% down (“first five thousand on signing, rest up negotiable on a per deal basis” - as of Bowerys sales rep 10/10/13) 
- official VIP launch set for Nov 7th

 

As standard, clients want to know what I think about certain floorplans… I will go over two floorplans and provide my thoughts.

Bowery Condos Ottawa B2

Here we have the B2 floorplan which is 520sqft plus the 162sqft balcony. Price is starting at $248,000 on the 1st floor which includes the free locker. There are two of these per floor, one facing north, and one facing south. It features a nice entry way including the front closet, washer/dryer and even a small built in desk. Then you have an open kitchen/living room area and decently sized bedroom.

Bowery Condos Ottawa B1

Here we have the B1 floorplan which is 590sqft plus the 96sqft balcony. Price is starting at $274,000 on the 1st floor and available up to the 15th floor. There are two of these units per floor with both having eastern AND a second exposure East or west (depending on the unit). Thats right, this is a corner unit that offers plenty of natural light. Again you have a nice entry way, which separates the unit from the hallway, however there is no desk area. The bedroom is smaller, but has eastern facing windows. The kitchen/living room is slightly larger than the B2, but has a slightly smaller balcony. 

Both of these units are a favourite of mine for someone looking for a one bed under $300,000 and both of these could even include parking under that $300,000 budget too (depending on the floor height). Which IMO is a great buy.

If you interested in the full floorplans, and pricing please shoot me an email - Matt@MattRichling.com.

Keep in mind that they have now announced the VIP agent launch date for November 7th, which will allow clients working with agents the first chance of purchasing a unit in the building. If you would like to have me walk you through your options, negotiate the deposit structure, and assist with purchase, feel free to contact me. Ask about the incentives that we offer, over and above the 1% lower purchase price and free condo fee’s for one year.

You can always email me - Matt@Mattrichling.com - or by phone 613-286-9501.

Condo Launch - The Bowery

Bowery Logo Condos Ottawa

Located at 255 Bay st, Ottawa builder Richcraft is about to launch its newest project called The Bowery.  The same builder to bring well crafted and high quality work such as Galleria and Galleria phase 2.

Last week, Richcraft invited me to a sneak peek to show me the project and give me the full scoop on what is coming.

Bowery Condo Ottawa Front

Located steps from Bank St. the Bowery is going to be a 17 floor building with a rooftop pool, terrace and hotel inspired amenities. Units start at 375sqft up to 914sqft. Obviously slightly smaller units, with prices that are reflective of the size, starting at $179,000 up to $415,000. Montly condo fees at priced at $0.38 per sqft. Best part is every unit includes a storage locker at no extra charge.

There are some amazing amenities in the Bowery over and above the rooftop pool and terrace, including the gym, sauna, outdoor yoga studio, party room with fully equipped catering kitchen and private dining room, hotel inspired lobby including concierge and guest suite.

The building launch is set for late October or Early November (date still coming), for VIP clients and shortly after for general public. To get more information including prices, floorplans and other information, contact me directly at 613-286-9501 or Matt@MattRichling.com.

Stay tuned as I will profile some of my favorite units, and walk through the floorplans. This is a very exciting building which you do not want to miss.