2292 Urbandale Drive, in the Elmvale Acres neighbourhood will go live on MLS on Thursday the 17th April 2025.  Arguably one of THE BEST locations in Elmvale Acres, backing onto greenspace parkland. 

This rare 4-BEDROOM, back-split, home is walking distance through parkland to CHEO and the General Hospital. 

Mature trees make your private backyard retreat a joy. Updates since 2021 include exterior painting, raised garden beds, cedar fence, paver patio and trellis, and a refinished wood deck. 

The spacious back yard is ready for relaxation and play. A clever French drain system + buried downspouts drain water away from the home's foundation. 

Re-landscaped front yard and refinished front steps boast curb appeal. This bright home has fresh interior paint, with updated stair treads and railings on the main floor, trim and casings around all doors and windows and refinished hardwood throughout, including a renovated powder room and tasteful light fixtures throughout. 

Living Room with large wall of windows and a gas fireplace with new stonework, hearth and mantle, and TV electrical with mounting built in! 

Down a few steps is a full-size dining area that can serve a table of 8. The bright, functional kitchen overlooks the rear green space with Stainless Steel appliances, including a newer wall oven and dishwasher. The cooktop, fridge, and eat-in area with lots of storage, complete the kitchen.

A 4th bedroom on the main level with a closet and window to the backyard, is currently used as an office. 

A Smart Thermostat and Security System ensure your ultimate comfort and protection. 

Upstairs the Primary bedroom closet is in addition to recent gorgeous custom built-in closets and vanity area. 

Two more good-sized bedrooms and a partially remodeled full bathroom completes this floor. The lower level includes an added family room area, with separate laundry room. 

The remainder of the lower level includes two massive crawl spaces with shelving to take care of all your storage needs, and then some. 

Easy access to trails for cross-country skiing, cycling or walking. This delightful home is a must-see.

INCLUSIONS

Refrigerator, Cook Top, Built-in Wall Oven, Dishwasher, Washer, Dryer, Lawn Mower, Rain Barrel.

INTERIOR FEATURES

On Demand Water Heater, Carpet Free, Built-In Oven, Countertop Range, Storage.

RENTAL ITEMS/UNDER CONTRACT

Tankless On Demand Hot Water Heater.

DIRECTIONS 

East on Kilborn, South on Canterbury, Right on Urbandale.

OR West on Walkley, North on Harding, Left on Urbandale.

MAIN CROSS STREETS Walkley to Harding to Urbandale.

Contact Patrick Walchuk Directly:

613-788-2590

[email protected] 

Analyzing the Financials 

From Recently Sold Rental Buildings.

Patrick Walchuk takes a recent sale of a Multi Unit Residential Building in the Ottawa area and then breaks down the numbers to see if was a good investment. If you want to see even more, we have an archive at our YouYube Channel for Investors

South Ottawa Tripex that SOLD in April, 2025

This property is located in South Ottawa, with three 2-bedroom units. The property was listed for $799,900 and sold for $755,000.

• Scheduled Rental Income was $57,600
• Effective Rental Income was $55,872
• Operating expenses of $18,613
• Total Operating Expenses, with 10% for maintenance/management $24,200
• Net operating income of $31,672
• Cap Rate was 4.19%
• Operating Expense Ratio was 43.3%
• Sold for 14 times the Gross Income 
• Sold for 24 times the Net Income

With a 40% down payment of $302,000, this leaves a mortgage of $453,000. At an interest rate of 5%, amortized over 25 years, the monthly mortgage payment would be $2,635, for an Annual Debt Service of $31,620 (this is the annual mortgage payment).

The final cash flow on this building was $52 and the ROI (return on investment) was 0.02%.

Central Tripex that SOLD in March, 2025

This property is located in Central Ottawa, with two 2-bedroom units and one 1-bedroom unit. The property was listed for $860,000 and sold for $805,000.

• Scheduled Rental Income was $62,007
• Effective Rental Income was $60,147
• Operating expenses of $16,725
• Total Operating Expenses, with 10% for maintenance/management $22,740
• Net operating income of $37,407
• Cap Rate was 4.65%
• Operating Expense Ratio was 37.8%
• Sold for 13 times the Gross Income 
• Sold for 22 times the Net Income

With a 34% down payment of $273,700, this leaves a mortgage of $531,300. At an interest rate of 5%, amortized over 25 years, the monthly mortgage payment would be $3,090, for an Annual Debt Service of $37,080 (this is the annual mortgage payment).

The final cash flow on this building was $327 and the ROI (return on investment) was 0.12%.

Central 5 Unit Building Sold in Oct. 2024

This 5-Unit is located in Central Ottawa, with one Bachelor Apartment, one 1-Bedroom Unit, one 2-Bedroom Unit, and two 3-Bedroom Units. The property was listed for $1,200,000, and sold for $1,145,000.

• Scheduled Rental Income was $106,030
• Effective Rental Income was $102,849
• Operating expenses of $20,005
• Total Operating Expenses, with 10% for maintenance/management $30,290
• Net operating income of $72,559
• Cap Rate was 6.34%
• Operating Expense Ratio was 29.5%
• Sold for 11 times the Gross Income
• Sold for 16 times the Net Income

With a 20% down payment of $229,000, this leaves a mortgage of $916,000. At a 4.7% rate, amortized over 25 years, the monthly mortgage payment would be $5,172, for an Annual Debt Service of $62,064 (this is the annual mortgage payment).

The final cash flow on this building was $10,495 and the ROI (return on investment) was 4.58%.

East Ottawa 4 Unit Building Sold in Oct. 2024

This property is located in East Ottawa, with four 2-bedroom units. The property was listed for $1,449,900 and sold for $1,370,000.

• Scheduled Rental Income was $88,800
• Effective Rental Income was $86,136
• Operating expenses of $16,166
• Total Operating Expenses, with 10% for maintenance/management $24,780
• Net operating income of $61,356
• Cap Rate was 4.48%
• Operating Expense Ratio was 28.8%
• Sold for 16 times the Gross Income 
• Sold for 22 times the Net Income

With a 34% down payment of $465,800, this leaves a mortgage of $904,200. At an interest rate of 4.7%, amortized over 25 years, the monthly mortgage payment would be $5,106, for an Annual Debt Service of $61,266 (this is the annual mortgage payment).

The final cash flow on this building was $90 and the ROI (return on investment) was 0.02%.

Central Triplex Sold in Sept. 2024

This property is located in Central Ottawa, with one 1-bedroom unit, and two 2-bedroom units. The property was listed for $875,000 and sold for $830,000.

• Scheduled Rental Income was $65,200
• Effective Rental Income was $63,244
• Operating expenses of $19,775
• Total Operating Expenses, with 10% for maintenance/management $26,099
• Net operating income of $37,145
• Cap Rate was 4.48%
• Operating Expense Ratio was 41.3%
• Sold for 13 times the Gross Income
• Sold for 22 times the Net Income

With a 34% down payment of $282,200, this leaves a mortgage of $547,800. At an interest rate of 4.7%, amortized over 25 years, the monthly mortgage payment would be $3,093, for an Annual Debt Service of $37,116 (this is the annual mortgage payment).

The final cash flow on this building was $29 and the ROI (return on investment) was 0.01%.

Central 6 Unit Building Sold in Aug. 2024

This Six to Eight Unit is located in Central Ottawa, with four 1-Bedroom Units, and four 2-Bedroom Units. The property was listed for $1,397,000, and sold for $1,366,200.

• Scheduled Rental Income was $122,392
• Effective Rental Income was $118,720
• Operating expenses of $42,515
• Total Operating Expenses, with 10% for maintenance/management $54,387
• Net operating income of $64,333
• Cap Rate was 4.71%
• Operating Expense Ratio was 45.8%
• Sold for 12 times the Gross Income
• Sold for 21 times the Net Income

With an 31% down payment of $423,522, this leaves a mortgage of $942,678. At a 4.7% rate, amortized over 25 years, the monthly mortgage payment would be $5,323, for an Annual Debt Service of $63,876 (this is the annual mortgage payment).

The final cash flow on this building was $457 and the ROI (return on investment) was 0.11%.

296 Somerset is for Sale for the first time. This is 5 Unit Building with 4 residential apartments and a commercial space on the main floor. Priced at $3,700,000.

Easy to rent at premium prices, this Sandy Hill 5 unit building at 296 Somerset St. East was built in 2021 and gives investors years of minimal maintenance expenditures. It's comprised of 4 residential apartments; each with 4 bedrooms. The 5th unit is Safi Fine Food retail & cafe. 

Each unit has its own high-efficiency furnace, AC, hydro meter and in-unit laundry. 

The building is 3 stories plus finished basement. 

According to attached floor plans unit sizes are;

• Apt. #1 848 sq. ft. (basement) 
• Apt. #2 690 sq. ft. (2nd floor) 
• Apt. #3 844 sq. ft. (2nd/3rd floor) 
• Apt. #4 690 Sq. ft. (3rd floor) Leased
• Retail business is 952 sq. ft. 

Exterior is primarily brick & Hardie Board siding, roof is membrane. 

Owner pays water & WI-FI. Tenants pay heat & hydro except #3, which will be rectified at end of lease. 

Gross income is $235,498. 

Expenses $44,466. 

Net income $191,109. (before mortgage payment)

Hot water is an owned tankless system. 

The building is four blocks from the University of Ottawa so there's always a massive tenant pool. 

Public bus transit right on Somerset Street and the Light Rapid Train system has its own stop right at UOttawa! 

A few blocks to Minto Sports complex, Sandy Hill arena, and all necessary shops and services on Rideau St. This is an investor's dream property, now being offered for the first time. 

Fenced back yard for tenants' enjoyment.

Inclusions; 4 Refrigerators, 4 Stoves, 4 Washers, 4 Dryers, 4 Dishwashers, 4 flat screen TV's, security cameras and router.

Here are the current mortgage rates with the monthly payment amount, per $100,000 of outstanding principal.  Mortgage rate tables provided by Alan Gilman with Dominion Lending Centres The Mortgage Source 613-552-1572.

Try out our Mortgage Calculators, where you can calculate Payments, Closing Costs, Renewals, Land Transfer Tax and CMHC Insurance Amount.

• Calculate Your Mortgage Payments
• Calculate Your Land Transfer Tax
• Calculate Your CMHC Insurance Amount

Mortage Rates & Monthly Payments, March 19th 2025

Best 5 Year Fixed now 3.99%

Mortgage Rates & Monthly Payments December 10th 2024

5 Year Fixed now 4.54%

More information about Your Mortgage:

When you buy a home, chances are that you'll require a mortgage as part of your financing.  It helps to be prepared by having all the information and documents ready when you meet with your bank or mortgage broker.

Affording a Home.

Your "Dream Home" can quickly become a nightmare when you end up "House Poor", with your mortgage eating up all your money and little left over for enjoyment.

When buying a home, you need to be practical and realistic.  Over-extending yourself financially is the quickest way to destroy the excitement of owning your own home.

What You can Afford to Buy.

Setting a maximum price range is more important than simply establishing an upper price limit because unanticipated costs could pushyou into the "House Poor" danger zone.  To determine your "affordability" price range, you must calculate 2 amounts.

1. The amount of cash you can put towards the purchase (the downpayment).
2. The maximum amount of loan (mortgage) you can comfortably carry.

About Your Downpayment.

Put down as much of your own money as possible.  Over the long-term it will really pay off.
You should keep a money reserve for unexpected bills, such as Land Transfer Tax, legal fees, mortgage arrangements, moving expenses, new furnishings and appliances.

How Much You can Afford to Borrow.

The first step towards establishing a maximum mortgage limit is to calculate a monthly payment you can afford.  Financial institutions do this by calculating your Debt-Service-Ratio.

To calculate your debt-service-ratio, list all your loans (car, personal loans, monthly credit card payments).

The sum of these Loan Payments + Your Mortgage Payment (including principal, interest and taxes) should not exceed 42% of your gross income.

The Mortgage Payment + Taxes should be no more than 30% of your gross income

Interest Rates and Other Variables.

• Higher Interest Rates = Less House
• Lower Rates = More House

But there are other mortgage terms to consider as well.

1. How Open is the Mortgage ?
2. Will Pre-Payment be allowed ?
3. Is the Mortgage portable ?

Discuss your mortgage options with a Realtor mortgage broker or your banker/financial advisor...

Establish a Limit and Stick To It !

Quickly see how much Your Payment will be, use our Mortgage Payment Calculator

Where are the Most Affordable places to move to in Ottawa?

Neighbourhood Comparison stats last updated March 2023.

Neighbourhoods with the most affordable house prices

We have split the City of Ottawa into eight larger communities, each with 10 or more neighbourhoods within them. You can quickly see which neighbourhood in each community had the most affordable homes most recently.

Market updates for all neighbourhoods can be seen at our Neighbourhood Market Reports page

See the most affordable homes at the moment, by area

Most affordable Neighbourhoods in each larger community, updated March 2023.

• WEST END
  Carleton Square - $378,174
• EAST END
  Viscount Alexander - $461,871
• SOUTH END
  Emerald Woods/Sawmill Creek - $475,890
• FAR WEST END & NEPEAN
  Redwood Park - $486,382
• CENTRAL
  Mechanicsville - $490,676
• ORLEANS
  Convent Glen Orleans Wood - $551,524
• KANATA
  Katimavik - $568,187
• BARRHAVEN
  Knollsbrook - $596,144

Most Affordable listings from all across Ottawa

If you want to see all of the most affordable freehold houses or just condos from all across Ottawa, use the links below to see them all, in order from the lowest price.

• Houses for Sale under $500,000
• Condos for Sale under $300,000

Let's look at 3 things that might influence where the market will go.

1. Rising House Prices

Housing costs inflated by lower interest rates stimulating demand.  1st time homeowners savings plan, longer amortization period and higher CMHC insured mortgages. 

2. Tariff War

Will we have a recession, caused by American tariffs, thereby slowing down the overall economy.  A lower Canadian dollar will mean imported goods will cost more possibly raising inflation again. 

3. Conservative Federal Government

Election of a Conservative government in Canadian federal politics. To bring finances under control and balance the budget, they lay off a significant number of civil servants, the same way that the Steven Harper government and the Chrétien / Paul Martin government did. 

20 to 25% of Ottawa employees are government workers. They will stop buying and selling if there is job insecurity. 

ReMax Forecast 

ReMax anticipates Ottawa prices to increase by 2.5% and unit sales to increase by 5%. 

I think this is optimistic…but anything is possible. 

See past Real Estate Market Predictions over the years at our YouTube Channel

Here are the builders in the Bradley Estates neighbourhood, as well as the models and streets they are on.

Also, if you're looking for any of the Valecraft Floorplans we have them all on file as well, simply contact us to request any of the Valecraft Model floor-plans.

The main builder in this neighbourhood was Valecraft, and as I write this they are still building and have an active sales centre.

First we'll have a look at the main builder in Bradley Estates, Valecraft, their model homes and the streets they built on.

Valecraft models can be found on the following streets:

Percifor, Travis, Rolling Meadow, Whispering Winds, Estherbrook, Felicity, Saddleridge, Renaud, Amelia, Dovehaven, Fountainhead, Hillpark, Jodi, Gossamer, Joshua, June, Keith, Lucinda, Mer Bleue, and Ziegler.

Here are the Valecraft Models:

• The Monaco III
  1675 sq. ft. Townhome with 3 beds and 1.5 baths, 1 car garage and includes 355 sq. ft. in basement as family room.
• The Monaco IV
  1802 sq. ft. Townhome with 3 beds and 2.5 baths, 1 car garage and includes 355 sq. ft. in basement as family room.
  
• The Barcelona II
  2025 sq. ft. Townhome with 3 beds and 2.5 baths, 1 car garage and includes 434 sq. ft. in basement as family room.
• The Riviera II
  2042 sq. ft. Townhome with 3 beds and 2.5 baths, 1 car garage and includes 375 sq. ft. in basement as family room.
• The Nice I
  2045 sq. ft. Townhome with 2 beds and 2.5 baths, 1 car garage and includes 460 sq. ft. in basement as family room. This model has a 2nd floor loft.
• The Lausanne
  2057 sq. ft. Townhome with 3 beds and 2.5 baths, 1 car garage and includes 441 sq. ft. in basement as family room.
• The Marseilles II
  2096 sq. ft. Townhome with 3 beds and 2.5 baths, 1 car garage and includes 474 sq. ft. in basement as family room.
• The Genoa I
  2145 sq. ft. Townhome with 3 beds and 2.5 baths, 1 car garage and includes 450 sq. ft. in basement as family room.
• The Terrassa
  2255 sq. ft. Townhome with 4 beds and 2.5 baths, 1 car garage and includes 462 sq. ft. in basement as family room. Also has 2nd floor loft.
• The Heron Elev. C
  1570 sq. ft. Detached Home with 2 beds and 1.5 baths, 1 car garage and includes main floor family room.
• The Cascade
  1752 sq. ft. Detached Home with 2 beds and 1.5 baths, 2 car garage and includes main floor family room.
• The Montebello
  1800 sq. ft. Detached Home with 3 beds and 2 baths, 1 car garage and includes main floor family room.
• The Sussex
  2145 sq. ft. Detached Home with 3 beds and 2.5 baths, 1 car garage and includes 2nd floor family room.
• The Chaudiere VIII
  2214 sq. ft. Detached Home with 4 beds and 2.5 baths, 1 car garage and includes main floor family room.
• The Tremblant
  2264 sq. ft. Detached Home with 4 beds and 2.5 baths, 2 car garage and includes main floor family room.
• The Stoneham
  2305 sq. ft. Detached Home with 4 beds and 2.5 baths, 1 car garage and includes main floor family room.
• The Vorlage 2
  2440 sq. ft. Detached Home with 4 beds and 2.5 baths, 2 car garage and includes main floor family room. 1st floor home office.
• The Gray Rocks
  2594 sq. ft. Detached Home with 5 beds and 2.5 baths, 1 car garage and includes main floor family room. 5th bedroom can be optional loft. 1st floor home office space.
• The Montcalm 2
  2650 sq. ft. Detached Home with 4 beds and 2.5 baths, 1 car garage and includes main floor family room. Bedroom 4 can be optional loft.
• The Sutton
  2750 sq. ft. Detached Home with 4 beds and 2.5 baths, 1 car garage and includes main floor family room. Has 2nd floor retreat and 4th bedroom can be optional loft.
• The Mont Blanc
  2813 sq. ft. Detached Home with 4 beds and 2.5 baths, 2 car garage and includes main floor family room. 1st floor home office space.
• The Ste. Anne II
  2893 sq. ft. Detached Home with 5 beds and 2.5 baths, 1 car garage and includes main floor family room. 5th bedroom can be optional loft. 1st floor home office space.
• The Orford 2
  3010 sq. ft. Detached Home with 4 beds and 3.5 baths, 1 car garage and includes main floor family room.

Here's a view of a row of Townhomes in Bradley Estates

Monarch built homes on these streets in Bradley Estates:

Joshua, Keith, Jodi, Lucinda and Amelia.

Here are the Models built by Monarch:

• Pine
  1994 sq. ft. Detached Home with 3 beds and 2.5 baths, 1 car garage and includes main floor family room.
• Mahogany
  2003 sq. ft. Detached Home with 4 beds and 2.5 baths, 1 car garage and includes main floor family room. With or without loft area.
• Pebble Beach
  2453 sq. ft. Detached Home with 3 beds and 2.5 baths, 1 car garage and includes main floor family room.
• Nantucket
  2578 sq. ft. Detached Home with 4 beds and 2.5 baths, 2 car garage and includes main floor family room.
• Canterbury
  2700 sq. ft. Detached Home with 5 beds and 2.5 baths, 2 car garage and includes main floor family room. Main floor den.
• Willow
  2779 sq. ft. Detached Home with 4 beds and 3.5 baths, 2 car garage and includes main floor family room.
• Windsor
  2962 sq. ft. Detached Home with 4 beds and 2.5 baths, 2 car garage and includes main floor family room.
• Maple
  3036 sq. ft. Detached Home with 4 beds and 3.5 baths, 2 car garage and includes main floor family room.
• Cypress Point
  No information available.

A & B Bulat built homes on 1 street in Bradley Estates:

Whispering Winds.

Here are the Models built by A & B Bulat:

• Adriatica - Mid
  1465 sq. ft. Townhome with 3 beds and 2 baths, 1 car garage.
• Ragusa
  1609 sq. ft. Townhome with 3 beds and 2 baths, 1 car garage.
• Salona
  1656 sq. ft. Townhome with 3 beds and 2 baths, 1 car garage.

Claridge built homes on 5 streets in Bradley Estates:

Saddleridge, Rolling Meadow, Esterbrook, Felicity and Dovehaven.

Here are the Models built by Claridge:

• Avondale
  1495 sq. ft. Townhome with 3 beds and 1.5 baths, 1 car garage.
• Lisbon C
  1360 sq. ft. Detached Home with 2 beds and 2 baths, 1 car garage.
• Queensby
  1705 sq. ft. Townhome with 3 beds and 2.5 baths, 1 car garage.
• Bradwell III
  1765 sq. ft. Townhome with 3 beds and 1.5 baths, 1 car garage.
• Bexley II
  1775 sq. ft. Townhome with 3 beds and 2.5 baths, 1 car garage.
• Wembley
• Stirling
  2020 sq. ft. Townhome with 3 beds and 2.5 baths, 1 car garage.
• Regent
  2095 sq. ft. Townhome with 3 beds and 2.5 baths, 1 car garage.
• Milan
  2470 sq. ft. Detached Home with 4 beds and 2.5 baths, 2 car garage. Main floor Family Room.
• Mandrid
  2250 sq. ft. Detached Home with 4 beds and 2.5 baths, 1 car garage. 2nd floor loft can be 5th bedroom.
• Helsinki II
  2650 sq. ft. Detached home with 4 beds and 2.5 baths, 2 car garage.
• Athens II
  2685 sq. ft. Detached Home with 4 beds and 2.5 baths, 2 car garage.
• Paris
  2695 sq. ft. Detached Home with 3 beds and 2.5 baths, 2 car garage. 2nd floor loft can be 4th bedroom.

Phoenix Homes built homes on 4 streets in Bradley Estates:

Radhika, Whispering Winds, Hillpark and Jolley.

Here are the Models built by Phoenix:

• Griffen A
  2146-2149 sq. ft. Detached Home with 3 beds and 2.5 baths, 2 car garage. Main floor family room. Loft space can be coverted to 4th bedroom.
• Rosemere
  2313 sq. ft. Detached Home with 4 beds and 2.5 baths, 2 car garage. Main floor family room. Loft can be converted to 5th bedroom.
• Chesapeake
  3543-3562 sq. ft. Detached Home with 4 beds and 2.5 baths, 2 car garage. Main floor family room. Loft space can be coverted to 4th bedroom.
• Amhurst
  No info available.
• Kensington
  No Info available.

Avalon built homes on Whispering Winds:

Here are the Models built by Phoenix:

• Monte Carlo
  Townhome with 3 beds and 2.5 baths, 1 car garage and Main Floor family room.
• Santorini
  Townhome with 3 beds, 2.5 baths, 1 car garage.

Troia Homes have just 1 model on Whispering Winds.

• Percifor
  No information on this model, to be built.

A lot of our condo buyers, particularly first timers will often ask about condo fees and what they cover

How is my Condo Fee Amount calculated?

This is typically done on a cost per square foot per month. As an example, if your condo is 1000 sq ft and the per foot condo fee is 60 cents, that would equal $600 per month in condo fees.

Where does this monthly condo fee go?

There are 2 places where your condo fee is allocated.

• 1. Operating Expenses, roughly 90%
• 2. Reserve Fund, roughly 10%

Think of the two places above as a chequing account and a savings account. The operating expenses will be maintenance people, landscaping etc.

The reserve fund will be there to cover larger things like replacing all of the windows or rehabilitation of the parking garage, which could be costly.

There is another cost that is over and above the operating and reserve, this is called a special assessment, or 3rd cost which is unanticipated and over and above the reserve fund available. In this situation, all owners are levied a special assessment as there is not enough money in the fund to pay for all of the stuff needing done.

The board of directors will then need to go to the condo owners and tell them that they have a problem and each condo owner needs to chip in a certain amount to fix the problem.

You should know about all of the expected and unexpected costs that can come when buying a condo.

How does the condominium struture work?

This is a common question we are asked from people looking to buy condos here in Ottawa.

Quite simply, here's how it works. You have all of the condo owners who get together and they form a board of directors.

These board directors live in the condo building and are voted in to their positions. These directors now represent the homeowners who then look at how they will manage the property.

If it's a big building they might choose to pay a condo management company to take care of everything. They will take care of the cleaning of the carpets as well as longer term issues that are going on with the building. The board of direcors can also decide they don't need to hire an external property management firm and they can self manage their own building.

This way they can save the 5-8% fee and manage things on their own. This way the directors would then contact and negotiate their own contracts with outside companies for landscaping, snow removal etc.

Ready to start looking, browse all condos for sale

If you have a tenant and you want them to move out, which form should you use? That would be the N11 form.

If you have a tenant, and you want them to move out, or, if they want to move out in the middle of a lease, how do you go about it? This can be done legally if both parties agree.

There will be some negotiating regarding some terms, but once you agree and both sign the Form N11 that is it done.

We recently had a landlord who had two tenants who just could not get along and they were always arguing.  The landlord decided to offer one tenant 2 months rent to move out, which they agreed to.

This landlord then advertized for a new tenant and raised the rent and this situation was resolved in a good manner.

Check out some of the areas in Ottawa and the surrounding outskirts that feature great Waterfront Properties

Ottawa, the capital of Canada, is located at the confluence of three significant water bodies: the Ottawa River, the Gatineau River, and the Rideau River. These rivers provide waterfront living, recreational opportunities and contribute to the natural beauty of the region.

The Ottawa River is the largest body of water in the area and forms the border between the provinces of Ontario and Quebec. The river offers boating, fishing, and kayaking, and it plays an essential role in the local ecosystem. Communities like Britannia Village, Crystal Bay, and Rockliffe Park are known for their proximity to the river and the availability of waterfront homes.

The Rideau River, has a lock system that connects Ottawa to the Rideau Canal. The Rideau Canal is a historic waterway stretching from Ottawa to Kingston, Ontario. It was originally constructed for military purposes in the early 19^th century but now serves as a recreational boating route.

Waterfront Houses for Sale

Check out all of the current listings in Ottawa and the surrounding areas that feature waterfront of some sort.  

View all Waterfront Homes for Sale

If you’re looking for waterfront properties in and around the outskirts of Ottawa, there are several areas that offer proximity to water bodies.

Here are some locations you might consider to enjoy waterfront living:

Rockcliffe Park: Located in the eastern part of Ottawa, Rockcliffe Park is known for its luxurious homes and gorgeous waterfront properties. It offers up-scale living, picturesque views of the Ottawa River and boasts some of the city’s most desirable real estate.

Clarence-Rockland: Positioned east of Ottawa, Clarence-Rockland is a municipality that includes several villages and towns. The region is bordered by the Ottawa River, providing good opportunities for waterfront properties.

The Glebe: Situated in Central Ottawa, just south of downtown, the Glebe neighbourhood has properties along the banks of the Rideau Canal. While not directly on the Ottawa River, the Rideau Canal offers a lovely waterfront experience with its scenic views and opportunities for recreation.

Mooney’s Bay: Located in the south end of the city, Mooney’s Bay is a popular recreational area with a beach and park. There are some properties in this area that have direct access to the water or offer views of the Rideau River.

Rideau Canal: The Rideau Canal runs through the heart of Ottawa, and many properties along its banks offer beautiful waterfront views. The canal connects the Ottawa River with the Rideau River, and there are various neighbourhoods, such as the Glebe, Old Ottawa East, and Old Ottawa South, where you can find homes with canal access or views. 

Britannia Village: Located in Ottawa’s Far West, Britannia Village offers waterfront properties along the Ottawa River. It is a charming community with parks, beaches, and marinas, making it an attractive area for those seeking a waterfront lifestyle.

Constance Bay: Situated northewest of downtown Ottawa, Constance Bay is a scenic community located on the Ottawa River. It is known for its cottage-like atmosphere and offers a range of waterfront properties, including cottages and year-round homes.

Dunrobin: Situated in Ottawa’s Rural West, Dunrobin is a community that lies along the Ottawa River. It offers a mix of rural and waterfront properties, providing a tranquil and scenic environment, along with a long-time sailing club for recreation on the water.

Carp: Located in the Rural West Outskirts of Ottawa, Carp is a small village known for its rural charm and picturesque landscapes with its proximity to the Carp River. While not a large body of water, it provides a serene setting for waterfront living in peaceful surroundings.

Mississippi Mills: Situated still further west of Carp in Ottawa’s Rural West, Mississippi Mills encompasses the towns of Almonte and Pakenham. The area is characterized by its scenic beauty, with the Mississippi River flowing through it. You can find waterfront properties along the river or those water bodies feeding into it.

Arnprior: Carrying on westward, is Arnprior, situated along the Ottawa River. It offers waterfront properties with scenic views of the river and easy access to recreational activities.

Manotick: While not directly on the Ottawa River, Manotick is a picturesque village located south of the city that sits along the Rideau River. It offers waterfront properties and a charming small-town atmosphere with various amenities and recreational opporunities. Main Street offers quaint shopping, restaurants and cafes.

Kemptville: Located in Ottawa’s Rural South, Kemptville is a growing community that lies along the Rideau River. It offers waterfront properties and a more rural setting while still providing easy access to Ottawa’s amenities.

Merrickville: Located 45 minutes south from downtown Ottawa, along the Rideau Canal, Merrickville is a historic village known for its picturesque waterfront and charming downtown. It offers waterfront properties and a vibrant arts and culture scene.

Rideau Lakes: If you’re willing to venture a bit farther from Ottawa, the Rideau Lakes region is worth considering. Situated in the Rural South of Ottawa, it encompasses a network of lakes and the historic Rideau Canal, including communities such as Portland, Newboro and Westport. They offer tranquil waterfront properties along the Rideau Canal system, which connects several lakes in the area.

Conservation Precautions and Regulations:

If you are on the Rideau River lock system, you are allowed to clear aquatic weeds from along your waterfront, but need a permit (good for 5 years). Learn more here: https://rideauaquaticweedcontrol.com/about-permits.html

If you are not on the Rideau Canal lock system or Trent Severn Parks Canada Territory, you do not need a permit but you must wait until after July 15 in order to harvest the weeds.

The Rideau Valley Conservation Authority 

LandOwner Resource Centre

Municipal Information Sheets

Flooding:

Beware of the potential for flooding in the areas you are considering. Here is an article published in the Ottawa Citizen with a bottom line message of "do your homework" and find out where the flood plains are. It can take a 10-20% hit on the value of your home if the area is prone to flooding. Flooding continues to plague bodies of water around Ottawa in 2023.

Article about flooding

There are some generational changes coming to Ottawa regarding Rezoning all Neighbourhoods.

There are some major proposed Zoning Bylaw changes coming to Ottawa.  If enacted, we expect these changes to be implementd late in 2025.

Currently our zoning codes are R1, R2, R3 etc.

These will be changing to N1, N2, N3 etc. The N stands for "Neighbourhood"

The new changes are likely to increase the density in a neighbourhood near you!

The City is looking at a geographic area and deciding how many housing units can fit in a hectare in that area.

There are resources online where you can enter your address to see what density is coming to your hood.

Check Your Neighbourhoods Zoning.

The City of Ottawa has started sending out letters to homeowners concerning the new "Vacant Unit Tax". If your home is vacant for a good part of the year, you have to pay the City of Ottawa 1% of the assessed value of your house.

If your house is worth $600,000 then you would owe the City $6000 if they find out your home was vacant for 1 year, or the better part of it.

Beginning in January 2023, property owners in Ottawa must complete a declaration notifying the city of their occupation status before March 16th 2023. (City of Ottawa has given 2.5 months notice). If your home was vacant in 2022 this new tax will be payable in 2023.

Backdating this type of vacant unit tax is not a good thing and we are against it. If you do not complete your declaration by March 16th, your property will be deemed vacant and you'll be charged this tax. This is like one of those "negative opt-in schemes". This is so heavy handed and unfair to homeowners.

If you choose to leave your own house to go meditate for a year, that is your choice, and your busines, nothing to do with the City of Ottawa! If the City thinks that with this new tax they will come up with a few extra vacant properties that's going to solve some kind of availability crisis for rentals in the City of Ottawa they're just dead wrong!

What is going to happen around April 2023 when this fiasco takes place and some people never got the letter, others simply discarded the letter, never read it, this could be thousands of people who never go online to register with this. Will there be a class action lawsuit from all of these people?

Let's face it, this is a Tax Grab, it's not going to solve anything by freeing up a few rental units. Mr. Sutcliffe, the new Mayor of Ottawa, if you're watching, please rethink and reverse this as it is not fair at all.

UPDATE TO VUT

Vacant Unit Tax (VUT) 2023 Declaration for the City of Ottawa.

You can begin filing your declaration after Thursday December 14th, 2023 and you have until until March 31st, 2024.

Late declaration results in $250 fine. No declaration results in an additional property tax of 1% of the assessed value of the property.

- IE a house assessed at $600,000 will be taxes $6,000 in addition to their regular tax bill. How to declare. City of Ottawa website...

Vacant Unit Tax Declaration Form

If considering selling your home in 2024, save the acknowledgement email from the city as proof that you have declared. Otherwise a buyer can deduct or withhold that tax amount from how much they will pay you.