For the past few weeks Richcraft has been blasting away at the site for Bowery Condos, located at 255 Bay Street at Gloucester Street. Currently the building sits at 25% sold which is just about 60 units. Exciting to see things moving forward for the project.
Here is a run through of the Bowery building I did when it first launched.
Sales website: http://www.thebowerycondos.ca/
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.
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.
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.
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:
Ariel View of 141 Main Street - Harley613
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.
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.
We got a chance to sit down with Michael Shaikin, the man behind The Modern Shop. Known as the place to go for fine modern lighting, furniture, and goods, from the best brands across the globe. Walk inside (or browse online) and you'll remember exactly what it felt like as a kid on Christmas Morning.
Visit: 541 Sussex Drive, at George Street AND www.TheModernShop.ca
Fact: The kitchen pendant at 124 Pretoria Ave., was aquired through The Modern Shop
Can you describe The Modern Shop?
Modern Shop is a modern design store in Ottawa Canada, that specializes in products that you can’t get anywhere else. We are proud that the things we carry, can't be found in other stores in Ottawa, and very few stores in Canada. [Note: Many brands they stock are ONLY available through Modern Shop in Canada!]
How did Modern Shop start?
I had a store that sold vintage furniture called Found Design. Then wanted a change and I started a new store called Modern Lighting. People kept asking for other things inside the home, so after three or four months changed the name to Modern Shop.
Then moved locations from Bank St. in Old Ottawa South, to Sussex Drive in the Byward Market?
Yes, well we were not getting the foot traffic we wanted, so moved to Sussex and George in Spring 2013 and love it.
What are some of the brands that you currently carry?
There are over 80 brands that we sell now, and some that are more familiar would be Moooi, Modernica, Norman Copenhagen, Hay Denmark, Foscarini, Muuto, and it goes on.
How do you keep finding new and unique things for the shop?
Well we travel quite a bit, especially for trade shows, was in Stockholm two years ago, Milan last year, Paris this year, plus New York City every year. This gives me the ability to see the up and coming guys that no one gets to really see, then you start to get a feeling for who is going to make it or not. I also will grab brands that no one has heard of, some of them are a hit, some are a miss.
What is your favorite product that you carry?
Urbanhike by Moooi
Well… My favorite product isn't here now, I took it home [laughs]. It’s called the Urbanhike by Moooi, and I have mine sitting beside my couch. Second…. its that [points] yellow coffee table by Hay, which is very unique and brand new. [So new I can’t find it on the Hay website]
You are also pretty big online, how has that been received?
Its crazy. It is like 75 percent of the business now. We sell across Canada and all around the world. We are able to showcase great unique products that are hard to find, and then offer them shipped right to your door.
Any big names, or recent projects?
Won’t mention celebrities, however In Ottawa we recently were involved with the new Shopify offices, the lighting at Fauna restaurant, and did the Zendesk offices in California. Those were all fun.
Some people call Ottawa dull or boring, thoughts?
Not at all. Just look at all the events and restaurants that have opened. It is certainly not what is was a few years ago, the city is moving forward.
**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.
Papers are signed, deal is done, inspector has gone through.... Congrats!
As the days get closer, you will start to plan the move, and life at your new home. Things like moving company, internet, and any renovations, will all need to be co-ordinated in advance. Most of this planing will revolve around the house and having access to the house - aka needing the keys. When exactly will you get the keys in Ottawa?
The biggest mistake that first time buyers make, is booking things for closing day. 90 percent of the time, you wont receive the keys till the afternoon, or most likely 3pm till 5pm. That is if the deal closes when it is supposed to (keep in mind that there are many reasons why it might not close on time). This means do not book Rogers to hook up the internet on the afternoon of closing, because if you don't have the keys, chances are the next open appointment wont be for a week (at least that would be my luck).
Moving companies are a little different, and are used to the process. Make sure to be clear and let them know when you should expect the keys and best to book them for after 5pm, depending on traffic etc. I would always prefer to have a little time before the movers get there to look over the house and enjoy it.
If you can, try and take the day off work. There will be enough stress, that the last thing you need is a work deadline, or annoying co-worker.
Good luck!
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.
First of all, congratulations on getting this far.
If you are like me, you are probably reading this the night or so before closing day, and are trying to figure what your upcoming day will be like. Well the good news is that most of the possible issues or problems have most likely already happened, or out of your control. What that means is, you shouldn't find out on closing day, that you didn't get financing (that was the week leading up to closing!). So... GO TO SLEEP. No point in being tired and cranky!
Most likely you have either signed the paperwork already (a day or two earlier) with the lawyer, or will be doing it all on closing day. They would have set up a time for you to come in, and would have told you the amount that you will need in a certified cheque or bank draft. This amount is always more than you think it is going to be (closing costs, lawyer fee's, etc), so do NOT guess it. They will tell you exactly what it will be. If there is a difference in the amount, the lawyer will send you a cheque after closing with all the closing documents. Make sure to bring ID, and anything else that they have requested from you. While going through all the paperwork with the lawyer, don't feel rushed. Make sure to ask for clarification, or to have the lawyer run through it with you. Everyone makes mistakes and better to catch them now, then find out later. Also helps you better when you understand what you are signing and why.
Once the paperwork is signed, the lawyers need to send the funds, register the sale, etc. Legally the lawyer is not able to release the keys until everything is completed. Usually this is sometime in the late afternoon, 3pm-5pm. Since the registry office (yes... it is all online now) closes at 5pm, they will rush to do it last minute or have to wait till next day. What this also means, is don't plan on moving in, mid-day. Many people will book the internet to be installed, and then find out they don't have the keys yet. Best to schedule everything the next day, when you are more likely to have the keys.
If you are closing on a work day and won't be able to sign or grab the keys, let everyone know this. Let your agent and your lawyer know, so they can make alternate arrangements. Most law offices close at 5pm, so would suck not to be able to get the keys!
While it can be stressful, try and enjoy the experience. It is all part of the process of home ownership!
Questions about what to expect? Click on the button 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.
As a young professional who is working and living in Ottawa, only the best will do. Work hard, play hard is more than just a saying for you, it's your way of life. Last thing you want, are constant complaints from your neighbour because the walls are too thin, or issues with the condo board. With over 900 condo buildings across Ottawa, we have narrowed this down to a select few.
Mondrian, with its "rooftop" (6th floor) outdoor pool, complete with Miami-esq cabanas, large party room and concierge has been the choice of YP's looking for a place to call home. The units them selves are open concept and modern with floor to ceiling windows, exposed concrete pillars and columns, and decently sized. Great location for those working in the downtown core.
Location: 324 Laurier Ave. West, at Bank st.
Builder: Urban Capital (Toronto)
Year Built: 2009
Conceirge: Yes. 9-5 with security nights and weekends
Pool: Yes, Outdoors. Not for lap swimming.
Party Room: Decent sized with large sitting area, kitchen, dining table, TV, and pool table.
Gym: Yes
BBQ: Yes, shared. Also has outdoor dining table. Electric BBQ's allowed on unit balcony.
Parking: Underground, and heated
Balconies: All units, except two per floor that do not ("07" and "08")
Elevators: Three high speed
Visitor Parking: None in building, paid lot beside entrance.
Demographic: Full mix
Central Condos is a mix of three phases, 354 Gladstone and 349 Mcleod make up phase one (two addresses allow the large U shaped building to have two entrances, mailboxes, etc.), 360 Mcleod which is phase 2, and the third phase which is under construction called Hideaway. Same feel and flow as the Mondrian, but 4 years newer, and reflected in the updated finishings throughout the building.
Location: Bank st, at Gladstone St. and McLeod St.
Builder: Urban Capital (Toronto)
Year Built: 2012, 2014, 2015
Conceirge: Yes. Each phase has its own, 9-5 with security nights and weekends
Pool: Outdoor pool in Phase 3, for residents of phase two and three only.
Party Room: Each phase has independant room. Decent sized with large sitting area, kitchen, dining table, TV, and pool table.
Gym: Yes
BBQ: Yes, shared. Electric BBQ's allowed on unit balcony.
Parking: Underground, and heated
Balconies: Yes, few floor plans per building without
Elevators: Two high speed per building
Visitor Parking: None in building, paid lot beside entrance.
Demographic: Mix, 20-40yrs old
SOHO Lisgar is Ottawa's second for Mastercraft Starwood. Located at 300 Lisgar, the building is very central being just off Bank St. and only a few blocks from downtown offices, Elgin St, Byward Market, Little Italy and Chinatown. The high end finishes, quality design, and first class amenities are what one would expect with the Mastercraft Starwood name.
"Timeless design, well thought out living spaces, style and flair are SoHo’s signature. We used the same high quality materials and standards demanded by our boutique hotel clientele – well-heeled jet setters, movie and rock stars, and C-level executives (CEOs, CFOs, COOs) – who demand living spaces equivalent to the comfort of expensive homes. For example, marble bathrooms with large shower stalls and rainshower head, a handshower with diverter, Floor-To-Ceiling and all-To-Wall Windows©, European appliances and Quartz countertops.
A kitchen designed with fine cabinetry you would find on a yacht or private jet, with an island, and kitchen appliances concealed behind lacquered doors. Backsplashes with glass tile and a stainless steel sink with side mounted faucet finish this stunning kitchen.
Gluckstein designed each luxury condominium floor plan at SoHo Lisgar to accommodate fine furnishings to suit every taste and temperament. Living areas are designed for entertaining, up to 20’ wide, not the typical 10’ wide living room found in other condominium developments." (taken from developer)
Location: 300 Lisgar Street, at Bank Street
Builder: Mastercraft Starwood (Toronto)
Year Built: 2013
Conceirge: Yes.
Pool: Yes, Outdoor pool plus hot tub.
Party Room: Yes, including high end chefs kitchen (Wolf Range, Fisher Paykel Fridge)
Gym: Yes, plus sauna
Theatre: Yes, separate room.
BBQ area: Yes, shared. Electric BBQ's allowed on unit balcony.
Outdoor Entertaining: Yes includes an outdoor Kitchen and fire pit.
Parking: Underground, and heated
Balconies: Not all units.
Elevators: Two
Visitor Parking: Yes
Demographic: Mix, 20-50yrs old
Built by Canril Corporation, this five star building is located in the heart of everything. Launched with many high end amenities over and above, such as separate "gold key" concierge and separate security, BMW 7 series Li for short outings (driven by concierge), valet parking, grand piano in lobby, three high speed elevators, etc. Built on a three storey commercial podium, the outdoor terrace which is approximately 9,000 sqft, owners relax, without leaving home. Did we mention the lobby is a BMW showroom, with models rotating throughout the year!
Location: 90 George Street
Builder: Canril Corporation
Year Built: 2009
Conceirge: Yes.
Pool: Yes, indoor salt water pool plus hot tub.
Party Room: Yes, more of a dinning room
Gym: Yes, plus sauna
Theatre: No
BBQ area: Yes, shared.
Outdoor Entertaining: Yes, 9,000 sqft of space
Parking: Underground, and heated, with valet
Elevators: Three high speed
Visitor Parking: Yes
Demographic: Mix, 30-60yrs old,
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.
Photo from Urban Capital on Facebook.
Smart House, from Toronto's Urban Capital took home three awards last night at the Ontario Home Builders Award in Ottawa. The awards were for the best website, best ad campaign, and best video!
Other local winners and finalists include:
- Minto Communities was named Ontario Home Builder of the Year, for the second time in three years.
- Oakwood Renovation Experts was chosen as Renovator of the Year.
- Lagois Design won for Most Outstanding Home Renovation (between $250,000-$500,000).
- Mattamy Homes was a finalist in the division for Best Interior Decorating of the Model Home in Half Moon Bay.
For the full list of winners, visit: https://ohbaaod.ca/winners.php
Photo by @thecondoagency
Last night was the first VIP launch for Smart House Ottawa, being launched by Toronto's Urban Capital. The sales office saw lots of people throughout the night and we are being it it was a successful VIP launch. Approximately 10-15 units were sold last night at the VIP launch which is not yet open to the public. There was chatter about weather Ottawa was ready for micro condo living, but clearly we are. Will be exciting to see how sales go over the next few weeks, and how things go at the public launch (date still tbd).
It was great to see David Wex (founder and partner of Urban Capital) in the sales office to chat about the project with potential buyers and past clients.
Looking for more information on Smart House Ottawa? 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.
You have been waiting (possibly up to three years) for this day, congratulations you can see your condo in real life for the first time! The PDI or pre-delivery inspection is an opportunity for you to walk through the condo with the builders representative before you take occupancy. The main purpose of the PDI is for you and the builder to make a list of deficiencies before you move in. This could be anything that is damaged, incomplete, missing items, as well as anything that is not functioning the way it is intended. Here are a few tips that you can use to help get the most out of your PDI!
- Be nice with the developers representative. Typically, they are the one who does all the PDI's for the building and will really be able to tell you what has to still be done. They are usually very picky, so make it easy for them help you.
- Be picky. While the developers representative works for the builder, they will generally be blunt with you depending on what the deficiency is. They will either say that is not something that the builder will repair/replace/etc, or they will.
- Don't rush! This is your time, and your PDI. Don't let the representative rush you, but also don't take up their whole day. Get to the appointment early and be prepared.
- Look at every room, but the most important is the kitchen and then the bathrooms. This is where your condo has the most moving parts, and has more things to be installed incorrectly.
- Details! Turn on every faucet, flush every toilet, close every door, inspect every wall, open every cabinet. Anything could have been installed incorrectly, so don't be afraid to point something out.
- Bring someone with you. The more eyes the better! Bring your agent (especially if you are planning on renting it out, or selling it shortly after), friend, parents, etc.
- Don't hire a home inspector for an apartment style condo PDI. Home inspectors are not trained to inspect brand new condos, they are trained to find problems in old homes. Save the $300-500.
- Read your APS (Agreement of Purchase and Sale) again before your PDI. There will be numerous schedules, like the one for finishes and features. Compare what you see with what was promised you, and make sure you are getting what is agreed.
- If you missed something during the PDI, you still have the 30-day Tarion form. After you take possession, if you find a 'deficiency' you can use your 30-day form to go through Tarion.
- Pick your battles. If you do have deficiencies with your Ottawa condo after you take possession (and many will), pick your battles carefully and focus on the most important issues. Understand you are most likely never going to have a 100% perfect unit.
- Bring a tape measure and flashlight. While you will have the builders floor plan as a guide for furniture, this is your chance to see exactly how much space you have for the couch, dining table or bed. Remember that the builder is allowed to modify space to a small degree, so it might change from the original plan. Sometimes the power might be off, if the builder is working on a certain part of the building, so having a flashlight just incase doesn't hurt! (Thanks to jcphoenix for the flashlight tip!)
Do you have questions about PDI's, or purchasing a condo? 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.
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.
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.
Rendering from Domicile of the front corner of Nuovo condos.
Nuovo which means "new" in italian, is the newest building from Domicile heading to Little Italy. Following on the success of Hom on Champange street, Nuovo will be a 127 unit building located at Rochester and Pamilla Street.
Currently 20% sold out, Domicile is looking at starting to dig march 2015 with occupancy late 2016 or early 2017. The smaller suites or pied a terre's 300-400sqft which are located on the lowest floors are currently getting revamped. Ottawa's favourite italian grocery, La Bottega Nicastro is set to open their second location in the ground floor of Nuovo, needed extra commercial space in the building, and Domicile gladly changed the layout of the building to accommodate. Pricing for these units is unknown right now, but will know more once the units are re-launched.
There is a great mix of units currently for sale still in the building, starting from a 609sqft one bedroom on the 4th floor, for $261,400, to a 1151sqft two bedroom plus den on the 4th floor, for $471,000.
Building Details:
- Non-smoking project, which means smoking is prohibited in all suites and anywhere else on the property.
- Two guest suites, fitness and yoga center, wireless internet throughout common areas, all season rooftop lounge, outdoor rooftop terrace and outdoor pool, indoor bicycle storage/repair/air station, pet wash station, and car wash station.
- Conduit and junction box network in the underground parking levels to assist the condominium corporation should it wish to provide a means of charging electric vehicles for residents in the future
- Granite and quartz counters in all units - standard, not an upgrade.
- USB combination receptacle in the kitchen area
- Gas BBQ line on the balcony (an upgrade), gas stove line is included
Sales Details:
- Parking $33,500, some premium spots are more
- Occupancy late 2016 early 2017
- Condo fees $0.42sqft plus $30 per parking spot
- Currently offering 2.5% off purchase prices (up to first 60 buyers)
- 15% deposit - $5,000 on signing, remainder to 5% in 30days, 5% in 90 days, 5% March 15th 2015 (only if construction has started)
Are you looking for more information about Nuovo condos or pre-construction condos? Fill out the form below, 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 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, 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.
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.
**For updated information about SoBa Condos, check out the dedicated section with regularly updated construction and sales information. CLICK HERE to view.**
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.
