One day only - Gotham condos located at 224 Lyon St in Ottawa is offering increased commission on Jan 11th. Purchase through Matt Richling and receive a gift back on closing for amount approximate to 1% of purchase price.
Gotham has already seen huge sales with over 60% sold in 60 days!
For more details contact Matt Richling at 613-286-9501 or Matt@MattRichling.com.
From the main door entrance, this unit speaks elegance. Start by walking over the custom tiled entrance way and notice the high quality South Asian Walnut hardwood. As you turn the corner you notice the stunning modern open concept loft unit situated in the heart of downtown. The living and dining rooms boast great urban views with floor-to-ceiling windows. The nine foot concrete ceilings and concrete pillars bring the urban beauty and unique touches that are rare to the city.
Your tour has only begun. Welcome to the upgraded smart open kitchen. A few top notch features include: matching stainless appliances, Cambrian black granite, sandblasted glass mosaic tiled backsplash, Kohler “Vault” double square sink, Grohe Essence faucet, upgraded modern handles, LED under cabinet lighting. Not enough fridge space? Always the option to store your champagne and wine in the integrated under cabinet wine chiller.
Watch a movie, or entertain in style with full surround sound controlled by the “Harmony radio frequency” remote. This allows all cables and A/V equipment to be hidden in the out-of-sight closet. The system controls your full equipment setup including: Cable Tv, Blue-ray Disc (including 3D movies and games), Apple TV, Sony PS3, XBOX.. and more.
Relax in the fully upgraded bathroom featuring: custom Quartz counter, under-mount stainless sink, full wall mirror and accent damask wallpaper. Enter your master suite with a wall mounted tv and a full closet organization system that was designed to maximize your space.
Located steps away from every amenity that is available in the By Ward Market. For those who require a vehicle, this unit includes a premium parking spot on the first floor in the underground heated garage located across from the elevator doors. This unit also features a premium storage locker.
The East Market Lofts also features: a large fitness room complete with both free weights and exercise machines, large party room complete with outdoor patio and BBQ areas and games room with pool table and tvs.
The unit also features efficient laundry (in-unit), full window blinds, large balcony, and two furnaces (one for each bedroom, both with heat and A/C).
The unit is listed on the Multiple Listing Service for $369,900.
For more information – please visit MattRichling.com, call me at 613-286-9501 orMatt@MattRichling.com
Recently I was featured on the front page of the Ottawa Citizen for a recent sale of mine at The East Market Condos Phase 2 (383 Cumberland).
What They Got In The Byward Market
Location: 383 Cumberland St.
Features: One-bedroom, one-bath condo with parking spot in the East Market Loft building. Views of the Peace Tower, hardwood floors and floor-to-ceiling windows.
Asking price: $289,900
Selling price: $289,900
Days on market: Five
Word from the sales representative: ‘With this unit being one of the more popular in the building because of the size/layout, and the condo real estate market still very hot, we needed to act fast,’ says Matt Richling of RE /MAX Metro-City. ‘The location is great and, with the stunning views, my client fell in love.’
What’s good about the ‘hood: Walk everywhere downtown.
© Copyright (c) The Ottawa Citizen
I was quoted in an article in Tuesdays Ottawa Citizen, that managed to make front page of the business section. Talking about how condos are becoming uber hot in Ottawa. Now with 1 in every 4 homes sold being a condo, Isnt it about time to find someone who focuses on downtown condos to help you sell?
Condominiums are a hot sector of the Canadian real estate market, particularly for first-time homebuyers spooked by high prices, says a report released Monday.
Re/Max says affordability, lifestyle, investment opportunities and urban renewal efforts are among the reasons condo sales have spiked over the last year in some Canadian markets.
“As one of few affordable housing options available to first-time buyers, the concept is poised for dramatic growth in years to come,” said Michael Polzler, executive vice-president for Re/Max’s Ontario-Atlantic Canada operations.
Re/Max said condo sales in Ottawa are up 11.9 per cent to 2,799 units year-to-date, as of September, and now represent one out of every four homes sold. The average price for Ottawa condos has risen 12.9 per cent to $252,641 in the last year, still more than $100,000 cheaper than the average price of $366,587 for a single-family home, which increased in value 8.2 per cent.
The greatest activity continues to be in condo sales in the $200,000 range in Ottawa, Barrie and London, but condo sales at prices in excess of $450,000 in Ottawa have jumped 72 per cent compared with last year. Condo sales in the greater Toronto area were up 10.4 per cent year to date, representing one of every three home purchases.
“The lifestyle has also gained a foothold with younger, hipper audiences as the definition of home ownership evolves with the changing demographic,” Polzler said. “Dreams of the small home with a white picket fence are being replaced by the funky loft apartment in proximity to shops, restaurants and entertainment.”
In Ottawa, “condo sales have come of age,” said Geoff McGowan, broker of record at Re/Max Affiliates Realty Ltd. in Ottawa.
“For the longest time we didn’t have the uptake on condos, unusual for a city this size. But things have changed now.
“Ottawa is the blue-chip stock of North American real estate. It’s the most affordable of any major city,” said McGowan.
He added that the stable employment of the public sector helps to guard against downturns.
He cautioned, however, not to expect condo price or sales increases forever.
“I see the market returning to sanity.”
While the Re/Max report focused specifically on Ontario and Eastern Canada, Gregory Klump, chief economist for the Canadian Real Estate Association, said condo sales are becoming a bigger share of more expensive housing markets across the country, such as Toronto and Vancouver.
“(Condos) have been accounting for a greater percentage over time of all sales activity,” Klump said. “Condo units are an affordable alternative to single-detached home ownership.”
The Re/Max report said other factors driving the surging condo market include urban redevelopment that favours intensification over urban sprawl, empty nesters seeking low-maintenance retirement properties and investors hoping to sell when prices appreciate, the report said.
Re/Max said the “vast majority” of newly built condominiums in Toronto are purchased by long-term investors from Asia and the Middle East, who will often rent them out until they find their desired sales price.
The same is happening in Ottawa, but from investors closer to home.
“We’re seeing a huge surge in condos being bought for investment purposes,” said Matt Richling, of Re/Max Metro City in Ottawa.
“A lot of the investors are from Toronto.”
© Copyright (c) The Ottawa Citizen
