Real Estate Blog - Agent In Ottawa

June 13, 2020

New Listing at 410 McLeod Street

Large renovated family house for sale in Centretown.

Total reno in 2010 with High end finishes and attention to original details. Wonderful family home with 6 plus 2 bedrooms and 3 bathrooms. Well suited for a home based business in the basement.

Request a viewing  on 410 McLeod Street

  • Centretown 6 + 2 bedrooms 3 bathrooms.
  • Totally renovated in 2010.
  • High end finishes with attention to original details.
  • Family home that excels at having a home based business with rear entry.

Use Map Below to view immediate neighbourhood

Call Patrick Walchuk for a personal tour of 410 McLeod Street 613-788-2590

June 4, 2020

Hintonburg 4 Unit, sold in June 2020

Have a look at the financials from the sale of this Fourplex Building that sold in May.

This property was not fire retrofitted, had a Net Income of $49,625, was listed at $1,350,000 and sold for $79,000 below the asking price.

Looking at the image above you can see that this building has a Cap Rate of 3.9%, with operating expense ratio of 30.4%.

With a 30% downpayment, representing $444,000, this property returns a cash flow of $2700 per year which is a return on investment of 0.61%.

View all of the current Income Property Listings

May 16, 2020

New Listing - 88 Grassy Plains Drive

88 Grassy Plains is now SOLD! has 4 beds upstairs and is located in the Emerald Meadows, Trailwest Neighbourhood in Kanata.

COMING SOON: MLS NUmber 1192190 will be on Ottawa's MLS on Tuesday 26th May 2020.

Features:

  • Extremely rare 4 bedroom (above ground level), 3 bathroom, end unit townhome
  • 1-car garage and driveway parks two additional vehicles
  • Newer Appliances: Washer (2019), Dryer (2017) & Dishwasher (2017)
  • Garage has direct access to house
  • Extra large basement window adds natural light
  • Fenced Backyard, deck from kitchen, patio and shed (shed shingles replaced in 2018)
  • Rough in for Central Vacuum

Location of 88 Grassy Plains on a map

Renovations in 2017:

  • All windows
  • Front Door
  • Patio Door
  • Backyard Deck

Steps from Public Transportation:

  • Bus #256- Tunney’s Pasture (peak hours)
  • Bus #168 Terry Fox (all day)
  • Across the street from Grassy Plains Park

Virtual Tour of the Neighbourhood (drag map)

Near-by Public and Catholic Schools:

  • Maurice LaPointe Public High School (17 Bridgestone Dr)
  • Bridlewood Community Elementary School (63 Bluegrass Dr.)
  • St. Anne Catholic School (500 Stonehaven Dr.)
May 3, 2020

Corona Virus Update Ottawa May 2020

Progression of Covid 19 on Ottawa Market

In this video Pat discusses how the Corona Virus has affected the real estate market and how it has changed the way we operate now.

 

Posted in Covid 19
April 3, 2020

Buying and Selling a House in Ottawa During Covid 19 Virus

How easy is it to buy or sell your house during the Covid 19 Virus?

Pat Walchuk talks about how things have changed in the real estate market in Ottawa and continue to change as we journey through this scurge called Covid 19. More rules, more clauses, more restrictions. Watch the video for the real life description of what is like from the perspective of an experienced agent.

Pat discusses what buyers and sellers are now doing different to prevent catching or spreading the virus. There could even be liability cases.

If you have any questions about this video please get in touch, use the form below or call Patrick 613-788-2590

Posted in Covid 19, Virus
April 3, 2020

Carlingwood 10 Unit sold March 2020

View the financial information on this 10 Unit Building that sold recently in Carlingwood.

Find out what the income and expenses were as well as the Cap Rate and the return on investment for the buyer with a 35% downpayment.

The image below contains the table with all of the financial information for this 10 unit property, you can follow along while watching the video.

Notice that the cash flow on this one, with 35% downpayment, it still loses almost $34,000 per year, can you say deep pockets?

March 4, 2020

Heron Park 12 Units, sold Feb. 2020

This income property in Heron Park, Ottawa had 12 units and sold in February, below are the financials.

This month we are giving you two possible scenarios, one with a 20% downpayment and the other with a 35% downpayment. You can see the difference it makes to the ROI and cash flow.

The image below shows you the two scenarios laid out side-by-side. You can see that the 35% down gives the buyer a positive cash flow of $28,000, while the 20% down gives a negative cash flow of 5,500.

This building had a decent Cap Rate of 4.4%.

View all of the current Income Properties for Sale

Feb. 4, 2020

6 Unit Building in Hintonburg, sold January 2020

Would you buy this Income Property with 6 units, in the Hintonburg Neighbourhood in Ottawa?

Watch the video and see the table below for all of the numbers on this building, see how much the person invested and their return on investment.

There were a lot of unknowns in this income property, including whether or not it was fire retrofit, and income was also a guess.

Are you an investor looking to buy, have a look at some Multi-Family homes for sale.

Here is an image showing you all the financials on this building.

Jan. 8, 2020

Hintonburg Triplex sold in December 2019

This was a building in the Hintonburg Neighbourhood that sold in December 2019, have a look at the numbers.

The table below gives you a quick overall look at the numbers. You will see that this buyer, even with a downpayment of $262,000 still loses money every year, and has a negative ROI as well.

Hintonburg
Triplex Sold December 2019
Listed Price $

Selling Price $750,000
Scheduled Rental Income (SRI) $39,720
Effective Rental Income (ERI) $38,528
Total Operating Expenses (TOE) $16,087
Net Operating Income (NOI) $22,441
Capitalization Rate (CAP) 3%
Operating Expense Ratio (OER) 42%
Sales Price X Net Income 33
35% Downpayment $262,500
Mortgage $487,500
Annual Debt Service (mortgage payments) $27,088
Cash Flow -$4,647
Return on Investment (ROI) -1.8%

Have a look at our current inventory of Multi-Family Properties for sale.

Jan. 6, 2020

2020 Predictions - Ottawa Real Estate Market

Where will the Real Estate Market in Ottawa head in 2020?

Almost more of 2019. Prices in 2019 went up by 8.4%, unit sales increased by 6.6%. We expect to see 2020 unit sales increase by 4-6%.

For the most up-to-date information, see this months Ottawa Real Estate Market Update

Prices won’t escalate as much in 2020.

ReMax is predicting a 6% increase, and Royal Lepage is predicting a 4.5% hike. We’ll go with that! Average house prices will break through the $500,000 mark with the average being predicted for 2010 is $516,200, by Royal Lepage.

We have a minority government supported by centre-left to left wing big spenders, so the financial taps will continue to flow.

Canadas major banks are predicting the TSX to go up to a range of 17,700 to 18,500. (currently at 17,000)

We hope inventory levels increase. (especially for condo inventory)

I don’t see how we can have another year of such scarcity especially with condominiums. There were times in 2019 when there were only 4 to 6 weeks of inventory for sale. It can’t get worse than that.

Going into 2020 we still expect that there will be a lot of competition for certain types of home, especially those between $200,000 up to $400,000 in the areas of Orleans, Kanata and Barrhaven and area close to the new LRT line.