Monday, May 30, 2016

Students are looking now for Fall Semester housing

Ottawa features two large universities (Ottawa U and Carleton), Ontario's largest French Language University (La Cite Collegiale) a large college (Algonquin College) and a Catholic, bilingual university (St. Pauls

RENTAL RATES:
Units across campus going for $650-$700 per room per month. Units in Glebe rent for $650-$700(/bed/mth) and in Old Ottawa South, East of Bank St for $575-$650. Without upgrades (kitchen, washroom, furniture) you can expect $550-$625. The further from campus, the lower the month rents. Students generally prefer an all inclusive monthly rent, meaning utilities included in the monthly rental rates.

Most comparable properties sell at a min of $100,000 to $110,000 per bedroom rate, but each property needs to be evaluated separately. This benchmark means a 5 bedroom home should be purchased in the $500,000 to $550,000 range, assuming good condition and location. Please be advised, many properties will require the creation of additional bedrooms through renovation/expansion. The further from campus, the lower the asking price. Generally, the maximum ratio of bedrooms to full bathrooms is 3 to 1, it is preferable to have a better ratio, with an ideal ratio of 2 to 1.

#1
$485,000 - Row home
Property currently has 3 bedrooms and 3 bathrooms. It is close to Ottawa U campus and the new LRT station. There is a large basement family room, which can potentially become two more bedrooms. 66 days on market.

#2
$579,900 – Single family detached home.
Been on market for 81 days. This has three bedrooms above ground and one below as well as 3 bathrooms. It is approximately 9 blocks from Campus. Would have to visit to confirm if a 5th bedroom could be created in the basement.

#3
$499,000 – semi-detached
This is a 3 bedroom and 2 bathroom home. Unfortunately, the second bathroom is a powder room, so it will require a shower installed. The basement is listed as full height, but there appears to be no development in the space.

#4
$509,000 – semi-detached
rented until April 30, 2017 at $2500 monthly plus utilities. Home is four bedrooms and one bathroom. Basement is listed at full height, with no current development.

#5
$549,000 – semi-detached
rented until April 30, 2017 at $2900 monthly plus utilities. Home is five bedrooms and two full bathrooms. Basement is low and shows no potential for future development.

#6
$570,000 – semi-detached
4 bedroom and 2 full bathrooms. Basement listed as full height containing no rooms. Has some distinctive finishes like stained glass and exposed brick.

#7
$554,900 – semi-detached
Five total bedrooms, 3 bathrooms, furniture can be included, been an investment since 1997 and has a gross income of $38,000 with heating/electricity costs of $4,500 annually.

#9
$574,000 – detached
A 3 bedroom and 3 bathroom home, with a full basement and a large basement recreation room which can likely be converted to a couple bedrooms. Registered as a duplex, but currently used as a single family (second floor full kitchen).

#10
$549,900 – semi-detached
A 3 bedroom and 2 bathroom semi in Centertown. Has a basement recreation room that is large and can possibly be converted to two additional rooms. Close to Bronson, easy bus access to Carleton University.

#11
$599,900 – detached
A 4 bedroom and 4 bathroom home separated into three units, Currently fully rented. Details are scarce, very cheap price for a Centertown triplex. R4 zoned, allows a triplex under city rules.

#12
$425,000 – row
A 4 bedroom and 2 bathroom property. Only 1 full bathroom and a powder room. Near new LRT station. Pretty much equidistant to Carleton and Ottawa U.

#13
$519,900 – semi-detached
A 3 bedroom and 1 bathroom home with a large basement which is full height. In the Glebe and not far from Bronson, so easy bus access to campus.

#14
$479,000 – detached
A 3 bedroom, 1 bathroom home. Property is zoned R3, which allows for triplex development. 6 minute walk to the LRT station.

Friday, May 27, 2016

Victory!

You are best of the best, Greg!!!!!  You've made my day (and the weekend)!!!!

Thank you so very much for the victorious nĂ©gotiation.  

I ll send back the signed contract today!!

Best 
Chrystal  

Fun and successful week...

Awesome! Was fun. Maybe we get to work again in 2 to 3 years when we buy our 3rd Ottawa home.  Won't hesitate to recommend you to anyone I know coming this way.  Thanks for making it easy.  Overall a very successful week! Thanks again Greg.

a friend, not a property broker.


Buying property can be exciting and daunting at the same time. Daunting because we are hardly experts. So imagine a person who walks in and becomes your expert, counselor and is far less easily satisfied with any home than you, the buyer ... and he happens to be Greg Blok ... you are bound to have a deal. A good deal. 

Many would concur that beyond  few house visits, your patience is low, but with Greg,  it is amazing energy, constantly playing the devil's advocate and wants you to settle only for the best. Not just that, he is on your side, explaining, detailing minute points that you may have overlooked - gives an unadulterated view if asked for ... and is not keen on a deal at all till it works for us. 

So, here we are with Greg as a friend. Not a property broker. To think that we know him for just a month or so ... and we settled for a new property ... with his help of course.
-- 

Janani

Ottawa home sales are hot, hot, hot (April)

Ottawa home sales are heating up with both resale and new home purchases up significantly in April, prompting industry analyst Andrew Brethour to predict we’re in for “a hot, hot summer.”
New home sales jumped a whopping 23 per cent over 2015 (477 versus 387) and almost 19 per cent over March, when 401 homes sold, according to the latest report from PMA Brethour Realty Group.
And while the resale market increase was lower – 1,714 sales versus 1,567 or a nine per cent bump – the Ottawa Real Estate Board (OREB) notes that the results are the second-highest April on record.
“(It’s) a spring spectacular market,” says Brethour. “Amazing confidence is being shown by the consumer.”
That confidence is reflected in results for the year as a whole, with new home figures from each month showing higher results than in the past two years and year-to-date sales up 17 per cent over last year (1,527 versus 1,303).
Minto in particular had a great month, capturing 25 per cent of the market share with 120 sales, helped in part by its relaunch of the upscale Mahogany project in homes in Manotick and strong sales at Avalon Encore homes in Orléans.
The ArtHaus condo/hotel/Arts Court development downtown, which saw its first full month of sales in April, also proved popular, with builder DevMcGill selling one-third of the 91 units available.
On the resale side, OREB reported 264 condo sales in April, averaging $261,017 (down 1.8 per cent over April 2015), and 1,450 other residential properties, averaging $403,603 (up 0.2 per cent).
Listings were up, reaching 3,644 or a 13-per-cent jump over March, and inventory levels were healthy heading into what is normally the most active month of the year in May, board president Shane Silva says in a release.
Brethour attributes all the activity to strong employment and income growth combined with continuing record low interest rates prompting buyers to take advantage of great housing value that has been created by over four years of underperformance.
“Ottawa is a very balanced market,” he notes, “but a snap back in demand has caused a very active spring.”

by Anita Murray - Ottawa Citizen

Thursday, May 19, 2016

Quickly and above price...

It was a pleasure working with Greg. He sold our house quickly above the listing price. We would definitely work with him again.

Thanks again for everything. 
- Judi N and Stephen N

 



$45,000,000,000


That’s what Canadians are spending in renovations this year which is double from just a decade ago. According to an Ipso-Reid survey, two-thirds of homeowners intend to undertake renovations this year. With prices continuing to rise in most markets combined with the costs associated with moving, many are choosing to stay put and create their dream home by renovating. Home renovations are also a great way to increase the value of your existing real estate.

Q2 - CMHC market prediction

CMHC

Tuesday, May 10, 2016

New listing coming to market... Centertown multifamily

New listing coming to market...
 
- 506 Cooper - 
triplex with a fourth unit.  
This property has 3 two bedrooms and 1 one bedroom.  
It is in lovely shape, with a beautiful brick exterior - please click here