Real Estate Blog - Agent In Ottawa

Jan. 14, 2021

Far West Neighbourhoods Compared Jan 2021

Compare house prices and how they've changed in Ottawa's Far West end Neighbourhoods.

These stats are for the last 90 days till January 14th, 2021 and we are comparing with the same period last year. Find out which area had the most sales, where the highest priced sales were and which one had the highest increase in price.

  • Most Sales: Bells Corners had the most homes sell at 40
  • Highest Selling Price: Qualicum had a sale at $825,000
  • Largest Price Increase: Sheahan Estates and area prices went up by 57.2%
  • Fastest sales: Whitehaven homes sold in just 7 days

Below are the quick stats for all Far West Ottawa Neighbourhoods

Bayshore/Greenbelt/Lakeview Park

The average house price in January 2021 was $347,738, a decrease of 14.5% over January 2020. There were 8 home sales in Bayshore versus 12 last year and It took an average of 31 days for homes to sell versus 19 days last year.

Bells Corners

The average house price in January 2021 was $481,504, an increase of 42.7% over January 2020. There were 40 home sales in Bells Corners versus 24 last year and It took an average of 12 days for homes to sell versus 19 days last year.

Britannia

The average house price in January 2021 was $480,547, an increase of 42.4% over January 2020. There were 24 home sales in Britannia versus 20 last year and It took an average of 45 days for homes to sell versus 28 days last year.

Crystal Beach and Crystal Bay

The average house price in January 2021 was $763,827, an increase of 30% over January 2020. There were 15 home sales in Crystal Beach/Crystal Bay versus 11 last year and It took an average of 41 days for homes to sell versus 53 days last year.

Centrepointe & Briargreen

he average house price in January 2021 was $591,280, an increase of 2.5% over January 2020. There were 22 home sales in Centrepointe versus 12 last year and It took an average of 16 days for homes to sell versus 28 days last year.

Craig Henry and Woodvale

The average house price in January 2021 was $434,500, a decrease of 15.2% over January 2020. There were 8 home sales in Craig Henry/Woodvale versus 9 last year and It took an average of 12 days for homes to sell versus 25 days last year.

Leslie Park

The average house price in January 2021 was $375,544, a decrease of 8.9% over January 2020. There were 16 home sales in Leslie Park versus 12 last year and It took an average of 19 days for homes to sell versus 15 days last year.

Queensway Terrace South and Ridgeview

The average house price in January 2021 was $465,017, a increase of 13.7% over January 2020. There were 12 home sales in Queensway Terrace South/Ridgeview versus 6 last year and It took an average of 17 days for homes to sell versus 17 days last year.

Bruce Frm/Graham Pk/Qualicum/Bellands

The average house price in January 2021 was $825,000, an increase of 50.7% over January 2020. There were 5 home sales in Bruce Frm/Graham Pk/Qualicum/Bellands versus 2 last year and It took an average of 10 days for homes to sell versus 58 days last year.

Queensway Terrace North

The average house price in January 2021 was $550,273, a decrease of 0.3% over January 2020. There were 11 home sales in Queensway Terrace North versus 7 last year and It took an average of 10 days for homes to sell versus 19 days last year.

Redwood Park

The average house price in January 2021 was $398,176, an increase of 52.8% over January 2020. There were 17 home sales in Redwood Park versus 10 last year and It took an average of 27 days for homes to sell versus 31 days last year.

Sheahan Estates, Trend Village, Arlington Woods

The average house price in January 2021 was $584,828, an increase of 57% over January 2020. There were 14 home sales in Sheahan Estates/Trend Village/Arlington Woods versus 9 last year and It took an average of 15 days for homes to sell versus 14 days last year.

Tanglewood/Manordale

The average house price in January 2021 was $452773, an increase of 36.7% over January 2020. There were 22 home sales in Tanglewood/Manordale versus 18 last year and It took an average of 16 days for homes to sell versus 18 days last year.

Whitehaven

The average house price in January 2021 was $702,000, an decrease of 16% over January 2020. There was 1 home sale in Whitehaven versus 4 last year and It took an average of 7 days for homes to sell versus 80 days last year.

Woodroffe/Western Parkway

The average house price in January 2021 was $564,567, an increase of 17.5% over January 2020. There were 18 home sales in Woodroffe/Western Parkway versus 33 last year and It took an average of 22 days for homes to sell versus 39 days last year.

Click on any West Ottawa neighbourhood to see more information as well as the history of house prices for that area. DN = District Neighbourhood Code.

Bayshore/Greenbelt/Lakeview Park (DN 7003,7004,7101)

Bells Corners (DN 7801,7802,7803,7804,7805,7807)

Britannia (DN 6101,6102,6103,6201)

Crystal Beach/Crystal Bay (DN 7001,7002)

Centrepointe & Briargreen (DN 7607 & 7602)

Craig Henry/Woodvale (DN 7604)

Leslie Park (DN 7601)

Queensway Terrace South/Ridgeview (DN 6303)

Bruce Frm/Graham Pk/Qualicum/Bellands (DN 7102)

Queensway Terrace North (DN 6203)

Redwood Park (DN 6301)

Sheahan Estates, Trend Village, Arlington Woods (DN 7603/7605)

Tanglewood/Manordale (DN 7606/7501)

Whitehaven (DN 6204)

Woodroffe/Western Parkway (DN 5101,6001,6002)

Jan. 14, 2021

South End Neighbourhoods compared January 2021

Compare house prices and how they've changed in Ottawa's South end Neighbourhoods.

These stats are for the last 90 days till January 14th, 2020 and we are comparing with the same period last year. Find out which area had the most sales, where the highest priced sales were and which one had the highest increase in price.

  • Most Sales: Greenboro and Hunt Club saw 80 homes sell
  • Highest Selling Price: Pineglen and Country Place had a sale at $849,900
  • Largest Price Increase: Windsor Park Village prices went up by 45.9%
  • Fastest sales: Pineglen and Country Place homes sold in 9 days

Below are the quick stats for all South Ottawa Neighbourhoods

Alta Vista

The average house price in January 2021 was $654,107, an increase of 6.9% over January 2020. There were 46 home sales in Alta Vista versus 41 last year and It took an average of 27 days for homes to sell versus 36 days last year.

Billings Bridge

The average house price in January 2021 was $459,188, an increase of 2% over January 2020. There were 17 home sales in Billings Bridge versus 12 last year and It took an average of 17 days for homes to sell versus 33 days last year.

Blossom Park

The average house price in January 2021 was $543,234, an increase of 25.8% over January 2020. There were 69 home sales in Blossom Park versus 46 last year and It took an average of 28 days for homes to sell versus 36 days last year.

Ellwood and Ridgemont

The average house price in January 2021 was $530,146, an increase of 23.9% over January 2020. There were 13 home sales in Ellwood and Ridgemont versus 7 last year and It took an average of 18 days for homes to sell versus 31 days last year.

Elmvale Acres

The average house price in January 2021 was $604,005, an increase of 21.4% over January 2020. There were 37 home sales in Elmvale Acres versus 36 last year and It took an average of 14 days for homes to sell versus 17 days last year.

Grenfell Glen/Merivale

The average house price in January 2021 was $500,000, a decrease of 17.18% over January 2020. There were 2 home sales in Grenfell Glen/Merivale versus 4 last year and It took an average of 64 days for homes to sell versus 52 days last year.

Mooney’s Bay/Revelstoke/Riverside Park

The average house price in January 2021 was $651,125, an increase of 7.1% over January 2020. There were 20 home sales in Mooney’s Bay/Revelstoke/Riverside Park versus 19 last year and It took an average of 25 days for homes to sell versus 37 days last year.

Hunt Club Park/Greenboro

The average house price in January 2021 was $429,610, an increase of 11% over January 2020. There were 80 home sales in Hunt Club Park/Greenboro versus 70 last year and It took an average of 18 days for homes to sell versus 34 days last year.

Pineglen and Country Place

The average house price in January 2021 was $849,900, a increase of 32.3% over January 2020. There was 1 home sale in Pineglen and Country Place versus 5 last year and It took an average of 9 days for homes to sell versus 50 days last year.

Quniterra

The average house price in January 2021 was $817,300, an increase of N/A over January 2020. There were 5 home sales in Quniterra versus 0 last year and It took an average of 72 days for homes to sell versus 0 days last year.

Riverside South/Airport

The average house price in January 2021 was $611,677, an increase of 30% over January 2020. There were 71 home sales in Riverside South/Airport versus 62 last year and It took an average of 11 days for homes to sell versus 25 days last year.

Windsor Park Village

The average house price in January 2021 was $518,000, an increase of 45.9% over January 2020. There were 5 home sales in Windsor Park Village versus 1 last year and It took an average of 13 days for homes to sell versus 17 days last year.

Hawthorne Meadows and Sheffield Glen/Industrial Park

The average house price in January 2021 was $391,268, an increase of 19.5% over January 2020. There were 17 home sales in Hawthorne Meadows and Sheffield Glen/Industrial Park versus 14 last year and It took an average of 23 days for homes to sell versus 23 days last year.

Emerald Woods/Sawmill Creek and Sawmill Creek/Timbermill

The average house price in January 2021 was $440,271, an increase of 43.5% over January 2020. There were 28 home sales in Emerald Woods/Sawmill Creek and Sawmill Creek/Timbermill versus 19 last year and It took an average of 25 days for homes to sell versus 36 days last year.

Upper Hunt Club

The average house price in January 2021 was N/A, an increase of N/A over January 2020. There were 0 home sales in Upper Hunt Club versus 0 last year and It took an average of N/A days for homes to sell versus N/A days last year.

Hunt Club and areas

The average house price in January 2021 was $479,389, an increase of 18.1% over January 2020. There were 46 home sales in Hunt Club versus 25 last year and It took an average of 27 days for homes to sell versus 51 days last year.

Click on any West Ottawa neighbourhood to see more information as well as the history of house prices for that area. DN = District Neighbourhood Code.

Alta Vista (DN 3602, 3603, 3604, 3605, 3606, 3607, 3608)

Billings Bridge (DN 4601, 4602, 4603)

Blossom Park/Kemp Park/Findlay Creek (DN 2601, 2605, 2606)

Ellwood and Ridgemont (DN 3801, 3803)

Elmvale Acres (DN 3609, 3701, 3702, 3703)

Grenfell Glen/Merivale (DN 7502, 7503, 7504)

Mooney’s Bay/Revelstoke/Riverside Park (DN 4604, 4608, 4605, 4606, 4607, 4704)

Hunt Club Park/Greenboro (DN 3805, 3806, 3808)

Pineglen and Country Place (DN 7402, 7505)

Quniterra (DN 4801)

Riverside South/Airport/Gloucester Glen (DN 2602, 2603)

Windsor Park Village (DN 4807)

Hawthorne Meadows and Sheffield Glen/Industrial Park (DN 3704, 3705)

Emerald Woods/Sawmill Creek, Sawmill Creek/Timbermill (DN 2604, 2607)

Upper Hunt Club (DN 2608)

Hunt Club, Hunt Club Woods, Hunt Club/Western Community (DN 4802, 4803, 4804, 4805, 4806)

Jan. 5, 2021

2021 Real Estate Market Predictions, Ottawa

Patrick Walchuk, looking into his crystal ball sees a healthy 2021 for the Ottawa Market.

2021 Predictions: Number of sales will go up by 3-4%, to around 20,000 sales and Average Prices will increase by 6-7% for an average price of $565,000 in 2021.

CMHC said in their last report that Ottawa house prices would fall by somewhere between 9 and 13%. Some other banks, institutions are saying the opposite, that prices will increase by 7-9%.

Posted in Market Predictions
Jan. 4, 2021

Financials on the sale of a 4 unit property in The Glebe

Have a look at the breakdown of the numbers on the sale of this 4 unit income property, with 35% downpayment.

This building was fire retrofit and sold for just under the asking price.

To buy this building with 35% down meant this buyer had to drop $483,000 as their downpayment. The purchase price represented 20 times the gross income or 30 times the net income.

With a mortgage of 897,ooo and monthly payments of $3,800, this buyer still sees a very small positive cashflow of $370 which gives them a 0,08% return on their investment. The Cap Rate here was 3.3%.

Have a look at the current inventory of Income Properties for sale

The image below shows you the full financials at a glance.

glebe 4 unit property sold financials

Dec. 15, 2020

West end Neighbourghoods Compared December 2020

Compare house prices and how they've changed in Ottawa's West end Neighbourhoods.

These stats are for the last 90 days till December 15th, 2020 and we are comparing with the same period in 2019. Find out which area had the most sales, where the highest priced sales were and which one had the highest increase in price.

  • Most Sales: Westboro and Hampton Park saw 70 homes sell
  • Highest Selling Price: Civic Hospital had a sale at $939,818
  • Largest Price Increase: Meadowlands and Crestview prices up by 35%
  • Fastest sales: Carleton Heights and Civic Hospital homes sold in 10 days

View More
Dec. 15, 2020

East end Neighbourhoods Compared December 2020

Compare house prices and how they've changed in Ottawa's East end Neighbourhoods.

These stats are for the last 90 days till December 15th, 2020 and we are comparing with the same period in 2019. Find out which area had the most sales, where the highest priced sales were and which one had the highest increase in price.

  • Most Sales: Vanier and Cyrville areas both saw 45 homes sell
  • Highest Selling Price: Rockcliffe Park had a sale at $2,013,900
  • Largest Price Increase: Carson Meadows house prices are up 49%
  • Fastest sales: Carson Grove, Blackburn Hamlet and Eastway Gardens homes sold in an average of just 9 days

View More
Dec. 3, 2020

Financials on the sale of a 7 unit property in Centretown

This was an interesting older building that had multiple offers and hence sold for way over it's list price.

Patrick walchuk shows you all of the financials on this property if you went in with a 35% downpayment.

You decide if this buyer got a good return on their investment.

7 unit building sold in November 2020

Nov. 18, 2020

New Listing at 21 Lipstan Avenue, Ottawa

21 Lipstan Avenue in Fisher Heights

Priced at $634,900

This is a 3 bedroom split level (built 1964) on a quiet street with 3 bedrooms in the Fisher Heights neighbourhood. We will be adding photos and the video tour as soon as we have them!

Photos for 21 Lipstan now available here

The main level rooms are large, it has a wood burning fireplace. The basement features a gym area as well as a real hot stone sauna, whirlpool and shower. There is also a walkout from the basement to the carport.

  • Forced air, oil heating
  • Taxes in 2020 were $4,416
  • Lot size 64,99 feet x 100 feet

Below is an aerial shot of the house

21 Lipstan Avenue aerial shot

Below you can see the location on a map.

21 Lipstan Avenue on the Map

Nov. 16, 2020

Central Neighbourhoods Compared November 2020

Compare house prices and how they've changed in Ottawa's Central Neighbourhoods.

These stats are for the last 90 days till November 15th, 2020 and we are comparing with the same period in 2019. Find out which area had the most sales, where the highest priced sales were and which one had the highest increase in price.

  • Most Sales: Centretown saw 160 homes sell
  • Highest Selling Price: Old Ottawa South at $1,030,405
  • Largest Price Increase: Little Italy house prices are up 53.7%
  • Fastest sales: Little Italy homes sold in an average of just 10 days

Click on any Central Ottawa neighbourhood to see more information as well as the history of house prices for that area. DN = District Neighbourhood Code.

Centretown (4101,4102,4103)

The average house price in November 2020 was $482,769, an increase of 12.4% over November 2019. There were 160 home sales in Centretown versus 112 last year and It took an average of 26 days for homes to sell versus 45 days last year.

Golden Triangle (4104)

The average house price in November 2020 was $594,811, a decrease of 4.9% over November 2019. There were 27 home sales in Golden Triangle versus 13 last year and It took an average of 21 days for homes to sell versus 42 days last year.

Glebe (4401,4402,4501)

The average house price in November 2020 was $999,527, an increase of 14.6% over November 2019. There were 52 home sales in Glebe versus 36 last year and It took an average of 28 days for homes to sell versus 59 days last year.

Hintonburg (4202,4203)

The average house price in November 2020 was $598,118, a decrease of 1.4% over November 2019. There were 23 home sales in Hintonburg versus 23 last year and It took an average of 18 days for homes to sell versus 23 days last year.

Lower Town (4001,4002)

The average house price in November 2020 was $589,065, an increase of 48.2% over November 2019. There were 47 home sales in Lower Town versus 36 last year and It took an average of 39 days for homes to sell versus 62 days last year.

Old Ottawa South (4403,4404)

The average house price in November 2020 was $1,030,405, an increase of 21.3% over November 2019. There were 24 home sales in Old Ottawa South versus 16 last year and It took an average of 21 days for homes to sell versus 41 days last year.

Sandy Hill (4003,4004)

The average house price in November 2020 was $572,533, an increase of 11% over November 2019. There were 50 home sales in Sandy Hill versus 53 last year and It took an average of 41 days for homes to sell versus 50 days last year.

Old Ottawa East (4405,4406,4407,4408)

The average house price in November 2020 was $698,442, an increase of 1.6% over November 2019. There were 31 home sales in Old Ottawa East versus 29 last year and It took an average of 22 days for homes to sell versus 55 days last year.

West Centre Town (4204,4205,4502,4503)

The average house price in November 2020 was $573,858, an increase of 17.3% over November 2019. There were 57 home sales in West Centre Town versus 46 last year and It took an average of 23 days for homes to sell versus 57 days last year.

Mechanicsville (4201)

The average house price in November 2020 was $356,967, a decrease of 10% over November 2019. There were 9 home sales in Mechanicsville versus 17 last year and It took an average of 22 days for homes to sell versus 46 days last year.

Little Italy (Polygon Search)

The average house price in November 2020 was $679,425, an increase of 53.7% over November 2019. There were 12 home sales in Little Italy versus 8 last year and It took an average of 10 days for homes to sell versus 43 days last year.

Lebreton Flats (Polygon Search)

The average house price in November 2020 was $432,015, a decrease of 7.7% over November 2019. There were 6 home sales in Lebreton Flats versus 9 last year and It took an average of 29 days for homes to sell versus 26 days last year.

Central Ottawa Stats compared

Nov. 5, 2020

Financials on Hintonburg Triplex, sold in October 2020

This income property had Three Apartments and was not fire retrofit. It sold for under list price.

This building was listed at $1,090,000 and sold for $1,000,000. The buyer paid 16 times the gross income and 23 times the net income of the property.

With a 35% downpayment of $350,000, this purchaser is seeing a Cap Rate of 4.28%, a cash flow of $5897 and a return on investment of 1.68%

Have a look at all of the Income Properties for Sale in Ottawa