Ottawa Real Estate Blog

Financial breakdown from the recent sale of an 8 Unit Apartment Building in the Carlington Neighbourhood.

This property was a purpose built building in the West End of Ottawa, in the Carlington Neighbourhood and it gave the buyer a 2.7% return on their investment.

Carlington 8 Unit Building, Sold Aug 2017 

Selling Price $1,261,695
Scheduled Rental Income (SRI) $93,000
Effective Rental Income (ERI) $89,280
Total Operating Expenses (TOE) $29,328
Net Operating Income (NOI) $59,952
Capitalization Rate (CAP) 4.7%
Operating Expense Ratio (OER)  33%
Sales Price X Net Income 21
35% Downpayment $441,953
Mortgage (@ 3.25%) $819,742
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kanata lakes and heritage hills real estate stats for 2017

Comprehensive Stats for Kanata Lakes & Heritage Hills

All of our Kanata Neighbourhood pages now show you the history of prices throughout the years, but from time-to-time we get a request from someone who wants more specific or accurate information for a certain type of property in their area.

Last month we got a request from Josie who lives in Kanata Lakes and wanted more information about Townhome prices, especially in 2017 to see how much they have went up in Value. So here is a comprehensive look at all the stats for homes as well as Condos in the Kanata Lakes & Heritage Hills area, month-by-month in 2017 so far.

Residential Freehold Statistics by month, for 2017

Below are the number of sales of just residential freehold houses in

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How do house prices in Ottawa compare to the surrounding 3 suburbs?

I just compiled all the stats and updated the house prices for Ottawa versus Kanata, Orleans and Barrhaven.

Obviously, Ottawa leads the way, and the table below gives you the rest of the numbers to compare all areas.

The prices in the table below are all Year-To-Date numbers.

Location House Average Price Condo Average Price
Ottawa $426,702 $273,926
Kanata $409,591 $221,839
Barrhaven $398,355 $221,640
Orleans $385,546 $223,798

For house prices Kanata comes 2nd to Ottawa, followed by Barrhaven and then Orleans.

But, when we look at Condo Prices, Orleans comes 2nd and Kanata and Barrhaven are pretty

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Financial info and the Return on Investment for a 6-unit Building in Sandy Hill, Ottawa

Below is a video covering the financial information for the recent sale of a 6 Apartment building in Sandy Hill, we'll let you decide if the buyer got a good deal, we provide you with the Cap Rate as well as the ROI based on the investor dropping a 35% down-payment.

Sandy Hill 6 Unit Building, Sold July 2017 

Selling Price $1,500,000
Scheduled Rental Income (SRI) $137,520
Effective Rental Income (ERI) $132,019
Total Operating Expenses (TOE) $49,253
Net Operating Income (NOI) $82,766
Capitalization Rate (CAP) 5.5%
Operating Expense Ratio (OER)  37.3%
Sales Price X Net
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I just read an article written by Anne-Marie M Shaker who is a Senior Market Analyst with CMHC. Here is my quick take on it.

First comes the Boom of 2011 and new builds start

Condominium sales in Ottawa reached their peak in 2011. This led many new condo developers to jump on this opportunity and reach for the sky. We saw twice as many new condos built between 2012 and 2013, versus the previous 10 years.

This resulted in a whack of new condo completions between 2014 and 2016.

Then we see lots of unsold new condos in 2013

We saw weaker employment after 2013, causing a weaker demand for new condos and this caused a whole bunch of unsold new condo apartments starting in 2013 continuing into 2014 and 2015.

unsold condo completions

Sellers of New Condos decide to

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Financials on a 4 Unit Multi-Family Building in The Centretown Neighbourhood, Ottawa

This month we are looking at an older semi-detached, renovated property that was being used as a Fourplex, it sold in June 2017 and here are all of the financials on it. Looks very decent. The Cap Rate on this building was 4.7%.

Centretown 4 Unit Building, Sold June 2017 

Selling Price $795,000
Scheduled Rental Income (SRI) $56,100
Effective Rental Income (ERI) $53,856
Total Operating Expenses (TOE) $16,193
Net Operating Income (NOI) $37,663
Capitalization Rate (CAP) 4.7%
Operating Expense Ratio (OER) 30%
Sales Price X Net Income 21
35% Downpayment
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501 Strasbourg Street, Avalon/Chaperal, Orleans, Priced at $389,900 (MLS #1066116)

This 3 bedroom and 3 bathroom immaculate end-unit townhome has been cancelled for now, we will keep you updated.

You will love the quality and superb condition of this Tamarack Jamison model which is 1,874 sq. ft above ground + 415 sq. ft. of finished lower level for 2,289' of living space.

View from Strasbourg side

501 Strasbourg Street front view

As it is an end unit corner lot it is flooded with natural light. Unique main floor study perfect for home office. "Gingerbread" coloured hardwood through main floor.

It is spacious & open concept. Note the silhouette blinds in living room. Gas fireplace & island breakfast bar. Upstairs with wall to wall carpet features 3 spacious

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515 St. Laurent Blvd. Unit #2212, Viscount Alexander, Ottawa, Priced at $150,000 (MLS #1065947)

This very affordable condo will be listed live on the MLS on Wednesday 28th June 2017, contact us if you want a quick showing of this Condo Apartment in the East End of Ottawa.

This spacious model faces south, but also has views west & east. From the 22nd floor you have an amazing vista. You can see the Parliament Buildings downtown as well as the Suburb of Orleans to the East.

515 St. Laurent unit 2212

Move-in ready and priced to sell, 2 bedroom and 1 bathroom Condominium in the East End of Ottawa.

  • Hardwood in living/dining rooms and bedrooms.
  • Storage area is in the apartment.
  • Parking is a convenient half level down from 2nd floor access.
  • The
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82 Starwood Road, St. Claire Gardens, Ottawa, Priced at $449,900. (MLS #1064449) is SOLD

This listing went live on MLS on Friday, 16th June 2017 at 9am and we had 6 offers and sold for over asking price, with no conditions same day! We need more listings in this area, do you want to sell your home, let us give you an Online Evaluation for your home.

Watch the Video for a Tour of the house

This new listing is located in the St. Claire Gardens Neighbourhood in the West End of Ottawa, just South from Baseline Road, North from Meadowlands Drive, East of Woodroffe Avenue and West from Merivale Road. Close to shopping and Algonquin College with easy access to the Queensway.

This is a 3 bedroom brick bungalow with a detached garage, sitting

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Do you even know what an escalation clause is, and its' Implications for the buyer or seller?

escalation clauses in a sellers market

There is a clause that can be used if your Buyer wants to really really make sure that they get their offer accepted on that hot new listing, or a listing that you know has multiple offers on it. (usually this would be a sellers' market).

OREA has recently written a letter to RECO to look into this escalation clause as it's so controvercial !

The escalation clause automatically adjusts your buyers' offer till it goes above the best offer, up to your clients Cap, or Maximum Bid !

In an ordinary situation this clause could secure the house for your client, but it could also get crazy if there is even One other buyer who also included an escalation

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