Thursday, April 30, 2015

Side by Side double on Woodroffe

Duplex, side by side, at 874/ 876 Woodroffe Ave. Walking distance to carlling ave , carlling mall, and lots of shops at carling ave, easy access to highway, backs to million dollars home.  Great area, don't miss it.

Asking price is only $580k. (price of land)  One side has tenant for last 9years and other side is vacant, Property has new roof, windows and updated bathroom. Each side has 3 good size bedroom and one bath, hardwood floor and finish basement.


Very interesting rental property!

Tuesday, April 28, 2015

Bank of Canada's Poloz dispels speculation of housing bubble

“We don’t believe we’re in a bubble,” Bank of Canada Governor Stephen Poloz said in testimony Tuesday to the House of Commons Standing Committee on Finance. He said Canada’s long-running boom in the housing market hasn’t been underpinned by the kind of rampant speculative buying that is the hallmark of an asset bubble.

“Our housing construction has stayed very much in line with our estimates of demographic demand,” he said. “There’s no excess.”
 
To read the complete article, please click here

The Globe and Mail

Sunday, April 26, 2015

Major Ottawa Suburbs and Villages

Manotick
It is a suburb of the city, located on the Rideau River, immediately south of the suburbs Barrhaven and Riverside South, about 25 km (16 mi) from downtown Ottawa.[1] It was founded by Moss Kent Dickinson in 1864. He named the village 'Manotick', after the Algonquin word for 'island'. It has been part of the City of Ottawa since amalgamation in 2001. Prior to that, it was located in Rideau Township. According to the Canada 2011 Census, Manotick had a population of 4,520

http://manotickvillage.com/

Manotick tends to have larger homes, on estate type lots.  Most homes are well and septic.  There is a subdivision of newer homes being built on city water and sewer.  There are very good schools and Manotick has a village feel, with a cute downtown, full of shops, services and boutiques.


Barrhaven
Barrhaven is a rapidly growing suburban neighbourhood in the southwest of the urban area of the city of Ottawa, Ontario, Canada, about 17 km (11 mi) southwest of downtown Ottawa. Prior to amalgamation with Ottawa in 2001, Barrhaven was part of the City of Nepean. Its population as of the Canada 2011 Census was 72,324

Barrhaven has a mixture of homes from terraced town homes, to traditional towns, semis and upto large singles on 60 foot lots.  This area is very family friendly.  The major of shopping is big box and strip mall related.


Kanata
Kanata is one of the largest suburbs of Ottawa, Ontario, Canada. Located about 22 km (14 mi) west-southwest of the city's Downtown, Kanata has a population of 80,781 (population centre: 101,760)[2] as of 2011 and is growing rapidly. Before it was amalgamated into Ottawa in 2001, it was one of the fastest growing cities in Canada and the fastest growing community in Eastern Ontario. Located just to the west of the National Capital Commission Greenbelt, it is one of the largest of several communities that surround central Ottawa. It is a planned community and an important hi-tech centre.

Kanata was the first of the major subdivision in Ottawa to grow.  It houses the CTC (Canadian Tire Center), home of the Ottawa Senators.  This is the high tech hub of Ottawa.  There is a very cool Centrum Plaza for shopping - http://ottawa.wikia.com/wiki/Kanata_Centrum  Kanata also houses the new Ottawa outlet mall. 
Housing stock here is across the board, but features many small and large town homes, as well as small and large single family homes.


Riverside South

Riverside South is a suburban community in Gloucester-South Nepean Ward in the south end of the city of Ottawa, Ontario, Canada, just southwest of Ottawa Macdonald-Cartier International Airport. Prior to amalgamation in 2001, the area was located in the city of Gloucester. Its population according to the Canada 2011 Census was 10,908.[1]

In the early 1990s this area was mostly vacant with a few houses and some farms. The first homes in the community were built in 1996.[2] Since then, there has been extensive housing development that seems to be growing in the pace of other major suburban communities in the region, such as Barrhaven, Kanata and Orléans.

Currently, most of the built up area of the community is limited to areas around River Road and Earl Armstrong Road, and just west of Limebank Road. It is planned that Riverside South will become a major community with south expansions closer to Manotick and to the east closer to Leitrim.[3] According to the Riverside South Community Association, the boundaries will eventually be "Lietrim Road to the north, the Rideau River to the west, a line half-way between Earl Armstrong and Rideau Road to the south and Bowesville Road to the east. It is expected that the community will have a population of over 50,000 by 2031

This community has introduced new commercial in the past few years and has an excellent primary school in Steve MacLean.  Homes tend to focus on single families, with groupings of town homes and some smaller condo terraced town homes


Findlay Creek
Findlay Creek is a suburban neighbourhood in Gloucester-South Nepean Ward in the south end of Ottawa, Ontario, Canada. It is located just south of the intersection of Leitrim Road and Bank Street.
The Findlay Creek Community Association is the volunteer group representing the interests of the community.
According to the Canada 2011 Census, the population of the community was 4,486 and there were 1,459 dwellings[1] of mixed types (single-dwelling and semi-detached houses, townhouses and condominiums).

This community is predominantly single family homes, built by two buildersThere are semi-detached and large town homes.  A large commercial sector opened recently and houses all the necessary amenities.


Stittsville
Stittsville is a suburban community, part of the City of Ottawa, Ontario, Canada. It is within the former Goulbourn Township. A part of the National Capital Region, Stittsville is immediately to the southwest of Kanata, and about 31 km (19 mi) west of Downtown Ottawa. The urban part of the community corresponds to Stittsville Ward on Ottawa City Council.  The population is 26,807

This area has a more rural vibe with a village like downtown (similiar to Manotick).  The majority of newer development is North, towards the 417 highway or East towards Kanata.  This area features more single family homes with less townhomes and semis.


Orleans
Orleans, (French: Orléans), is a suburb of Ottawa, Ontario, Canada. It is located in the eastern part of the city along the Ottawa River, about 16 km (9.9 mi) from downtown Ottawa. The Canada 2011 Census determined that Orleans' population was 107,823. Prior to being amalgamated into Ottawa in 2001, the community of Orleans was spread over two municipal jurisdictions, the eastern portion being in the pre-amalgamation City of Cumberland, the western portion in the City of Gloucester. According to the 2011 census, 62,888 people lived in the Cumberland portion of Orléans, while 44,935 people lived in the Gloucester portion (total population 107,823). Today, Orleans spans the municipal wards of Orleans, Innes and Cumberland. Orléans is one of 3 areas[which?] of the post-amalgamated City of Ottawa to contain a significant francophone population, hence.


This is the largest of Ottawa suburbs and features a very diverse types of houses.  The majority of commercial is big box and strip mall style, but the area does feature the large Place D'Orleans Mall.  Rumours have phase two of the Ottawa LRT adjoining to the mall. 

Outside of Ottawa ... Arnprior



Arnprior
Arnprior is located in the Ottawa Valley at the mouth of the Madawaska River, where it connects with the Ottawa River.  It is a 30 minute drive from the Canadian Tire Center on 400 series highways.  The ‘Prior is known for lumber, hydro power generation, aerospace, farming and its proximity to the national capital region.  The downtown is a collection of eclectic shops, services and eateries.
There are over 8,500 people living in Arnprior. Their population growth in the previous five year cycle was 13.4%, almost triple the provincial numbers.  There are over 3,800 private dwellings in Arnprior.  Based upon population growth, the town of Arnprior should support the construction of 65 plus new homes a year. 
Of note are the many walking and biking trails in Arnprior. The Millennium and Macnamara Trails provide scenic views of the waterfront, downtown heritage homes, and two nature trails including a walk-through of the Gillies Grove, a 45-acre (180,000 m2) tract of old growth forest, preserving the white pine which was the foundation of the local lumber industry. Additionally the rivers and local lakes encourage boating, fishing and canoeing.  Arnprior also holds an abundance of wildlife in the town's local forest, the Grove.

Outside of Ottawa towns - Carleton Place



Carleton Place
Carleton Place is a bustling town located approximately 15 minutes from the Canadian Tire Center, on four hundred series highways. The Mississippi River, a tributary of the Ottawa River flows through the town. Mississippi Lake is just upstream by boat, as well as by car.  The downtown area is built around the river with great patios and shops lining Bridge Street.   

There are over 10,000 people living in Carleton Place.  The town has an average annual population growth of 1%.  There are approximately 4250 private dwellings in the town an increase of approximately 75 per year over the last 10 years.

One of the principal attractions of Carleton Place is the Mississippi River, including the rapids through limestone which supports one of the region’s largest stands of hackberry trees. Mississippi Lake provides an important source of recreation and economic stimulus from tourism. Other attractions include local parks and walking paths such as the Trans-Canada Trail, the O-Kee-Lee Park Trail, where you might see Canada geese or even a bald eagle fishing, and the Arklan/Stone Water Gate Nature Trail that provides a view of the ruins of the Arklan mills.

Kitec PEX pipe

As you may or may not already know, Kitec plumbing was widely used in Canada and the U.S. in homes and condominiums built, or extensively renovated, between 1995 and 2007. It was sold for pipes for drinkable water pipes, as well as in-floor and hot-water baseboard systems. Kitec was marketed as a corrosion-resistant alternative to copper pipes and fittings, but was recalled around 2005 due to a tendency to corrode at an accelerated rate. It is no longer manufactured. 
If your listing was built between 1995 and 2007, it MAY have Kitec piping. The piping is made of plastic (cross-lined polyethylene or PEX) on the outside and aluminum on the inside. 95 per cent of Kitec PEX pipe is orange (inspectors have also seen it as white, blue and grey) and has “Kitec” prominently stamped on it. It may say made in Canada by IPEX. Be sure to have candid conversations with your clients if it is discovered that their home has Kitec plumbing. Kitec may deteriorate or fail due to excessive water pressure or water running at temperatures hotter than the manufacturer’s rating of 77C (180F).
Kitec plumbing has been the subject of many lawsuits across North America, including a large cross-border class action which was concluded in 2011. A settlement fund of $125 million (all figures U.S.) was established, with $25 million going to the lawyers in Canada and the U.S., and $100 million being set aside for claimants who have until January, 2020 to file.
 

Regards,
John Clermont
Unique Home Inspections Inc.
www.uniquehomeinspections.ca

Friday, April 24, 2015

Prompt and professional

Thank you for selling the condo, Shirl and I are very happy.

Thanks also for your prompt replies and reassurance during the process.  We really appreciate your professionalism.

Regards,
Al

Sunday, April 19, 2015

Ottawa U housing opportunity

Saw a really great house near Ottawa University on the weekend.  It is currently three bedrooms, but could be quickly and easily converted to five bedrooms.  There is some increased density opportunity that can be investigated.

Bedrooms in this area rent for between $600 and $900, depending on quality, location and amenities.

Carleton University area (Old Ottawa South) town homes

An owner of two properties close to Carleton University contacted me about selling them.  Their property manager is retiring and they would rather sell than find a new one.  

These are 5 bedroom houses, blocks from Carleton that rent at $2450 per month plus utilities (leases until Aug 31, 2015).  This is a joint-use town house community with a common fee of $315/month.

For photos and descriptions - please click here 




Algonquin Student Housing Land

new development land
  • lot size is 100.00W X 85.30D Irreg
  • Legal .... Plan 375 PT LOT 2545 to 2548 Irregular
  • selling for Land Value only
  • taxes are $3300 for 2015
  • Zoning is R2F
- earn $1600 + Utilities  in rental income while you wait for plans. 
- R2F Zoning allows for 2 Singles or four semi

-  facing Ainsley Park

- will be going on MLS next week

- $459,000 ($114,750 per lot)


I believe highest and best use would be to build 2 semis with secondary units in the basement; putting in as many bedrooms as possible and marketing to Algonquin students at $500 per room, per month plus utilities.  These will cash flow well as a long term build and hold or build and sell to investor buyers.

Thursday, April 9, 2015

Busy spring season arrives amidst March snow banks


Members of the Ottawa Real Estate Board sold 1,208 residential properties in March through the Board's Multiple Listing Service® system, compared with 1,184 in March 2014, an increase of two per cent. The five-year average for March sales is 1,236.

"Sales increased month over month, with 356 more properties sold in March over February, a 41.8 per cent increase," says David Oikle, President of the Ottawa Real Estate Board. "Indications of a fast approaching spring market were noted in February, and these numbers are proof that Ottawa is indeed experiencing an upswing in sales."

March's sales included 228 in the condominium property class, and 980 in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, townhouse, etc.), which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

"The average cumulative days on market came in at 83 for the month of March, lower than the average of 99 days in February and 119 days in January indicating that properties are starting to move faster as we enter the second quarter of 2015," explains Oikle. "Year-to-date sales for the first quarter of 2015 are 1.8 per cent higher than the first quarter of 2014. Average sales price has also increased, ever so slightly, by 0.8 per cent. So far, the 2015 resale market in Ottawa remains steady and strong."

The average sale price of residential properties, including condominiums, sold in March in the Ottawa area was $361,572, an increase of 0.7 per cent over March 2014. The average sale price for a condominium-class property was $251,666, no change over March 2014. The average sale price of a residential-class property was $387,141, no change over March 2014. While average sale price information can be useful in establishing trends over time, it should not be used as an indicator that specific properties have increased or decreased in value, because the average sale price is calculated based on the total dollar volume of all properties sold.

"The hottest segments of our market in March were sales between $300,000 to $400,000, followed by the $200,000 to $300,000 price range," says Oikle. "Residential two-storey homes continue to be the highest sold property class, followed by bungalows and one-level condos. In addition to residential and condominium sales, OREB members assisted clients with renting 593 properties since the beginning of the year."

The future of Sandy Hill



Great article from the Ottawa Citizen today on where the future will be taking Ottawa U in the coming twenty years, please click here


University of Ottawa today

38 main buildings, with an average age of 65 years are owned by the university and are home to
  • 280 classrooms or seminar rooms;
  • 272 teaching laboratories; and
  • 830 research labs
8,327 staff members were employed at the university as of 2013
  • 5,542 Academic staff, including
    • 1,269 Regular academic staff
    • 4,273 Other academic staff (part-time professors, research fellows, librarians, etc.)
  • 2,785 Support staff
42,587 students were enrolled at the university as of 2013
  • 36,042 undergraduate students
  • 4,546 master’s students
  • 1,782 doctorate students
  • 217 other graduate students
77 per cent of students do not drive to school
  • 44 per cent use the transit system
  • 14 per cent arrive to school on foot
  • 11 per cent carpool
  • eight per cent use a bicycle
3,213 parking spots are available at the university
  • 1,242 of those are available in the school’s five parking garages
  • 1,971 are found at the 21 different outdoor lots.
4,000 beds will be offered in residence by September 2015, 600 more than they have now
  • 10 resident buildings will be available by September 2015
    • 1,326 beds in traditional rooms: LeBlanc, Marchand, Stanton and Thompson
    • 1,023 beds in studios and suites: 90 University and Friel
    • 939 beds in apartments: Brooks and Hyman Soloway
    • 120 beds in 24 houses: along King Edward Avenue and Henderson Avenue
  • 2 new “Traditional Plus” style buildings will be added
    • 172 beds in Henderson residence, found on Henderson Avenue
    • 500 beds in Rideau residence, to replace Quality Hotel at Rideau Street and King Edward Avenue
    • Features the traditional style residence with a bathroom or TV
    • Located in two new buildings, Henderson and Rideau
  • 4 types of residences
    1. Traditional: Small room, with common kitchen and bathroom areas
    2. Studios and Suites: Bedroom with private kitchenette and bathroom
    3. Apartment: Bedroom, bathroom, full kitchen, living and dining area
    4. House: Bedroom, bathroom, full kitchen, dining area and living room

New greenspaces at Ottawa U


Ottawa U in 20 years

University of Ottawa illustration of what the school's master plan hopes to achieve in the coming 20 years.  0318 uottawa

Ottawa U announced expansion plans

Ottawa U in 2020