Fabulous 2 bedroom apartment with office/den in the popular Botanica Private complex. Walk to the Civic Hospital, Experimental farm, Dow's lake and Little Italy in minutes. Central location ideal for a professional couple, retirees or young professional. Unit is immaculate, freshly painted, high quality carpet and features 7 appliances. Kitchen appliances are brand new stainless steel. Unit comes with 2 underground parking spaces. Complex has salt water pool, sauna, exercise room, library and full security. $1800.00/month plus utilities available immediately.
Visit www.257botanicaprivate.com for all the details and pictures.
Barrhaven on the Green, Barrhaven - The 2 story at 71 Boulder Way has been sold.
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Queensway Terrace South, Ottawa - We invite everyone to visit our open house at 1195 Placid Street on May 24 from 2:00 PM to 4:00 PM.
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If you are buying you need to be informed of prices, neighbourhoods and house styles and how they will impact your quality of life and the long term investment that you are making.
I recently worked with a buyer who fell in love with a house that we all felt was priced a little high. We looked closely at the comparables and all things considered the house should have been listed about $10,000 less than the owners asking price, but the buyer bought it. Why did they pay more? Because of all the homes they had seen they liked this one the best, because the location was excellent for their work and lifestyle and because over the 5-7 years they expected to be in the home the additional few thousand they paid for it, they believed was worthwhile.
A house is an investment and that should always be kept in mind when buying but it is also the place you will call home. Getting the best deal doesn't always mean you will get the best house and getting the best house is what you really want. Need help finding the BEST HOUSE for you call us, we can help.
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Queensway Terrace South, Ottawa - We invite everyone to visit our open house at 1195 Placid Street on May 3 from 2:00 PM to 4:00 PM.
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263 Deerfox Drive, Barrhaven - Announcing a rental on 263 Deerfox Drive, a 1,800 sq. ft., 3 bath, 4 bdrm single story. Now $1,650 CAD Monthly - .
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• 1,700 sq. ft., 3 bath, 3 bdrm single story - 
MLS® $259,500 - Excellent value
Barrhaven, Ottawa - Ideal first home! Close to all amenities and transit routes. This stylish townhome offers a spacious open concept main floor with large eatin kitchen, great room with gas fireplace and separate office. The three bedrooms are all well sized and the master has a full ensuite and walk-in closet. The home is equipped with 5 appliances, central air conditioner and window blinds. Landscaped yard has a large interlock patio. Bring the kids
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Kanata North Executive Townhouse
• 1,635 sq. ft., 3 bath, 3 bdrm 2 story - $1,500 CAD Monthly - Great Price.
Briarbrook, Morgan's Grant - Newer, large, open concept 3 bedroom 2.5 bathroom executive townhouse. Ideal for professional couple/single. Located close to the Kanata High Tech Business Park. Single car gargage, central air conditioning, 6 appliances, finished lower level with bathroom. Forced Air natural gas heat. Available immediately, $1500/month plus utilities. Call Joyce Armstrong,Broker. Century 21 John DeVries Ltd., Brokerage 613-867-9922 or 613-836-2570.
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Fairfield Heights, Ottawa - The apartment at 114-1025 Grenon Ave has been sold.
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Reading recent reports in the media and you would believe that all is doom and gloom in Real Estate in Ottawa. The market is/has changed from the booming times of 2007/early 2008 or even the early 2000's, but it is far from doom and gloom. There are still buyers buying and sellers selling. The important thing to remember if you are doing either is your response to the market must be different. Knowledge is a powerful tool and a good realtor will help you navigate today's changing market to your advantage.
When you read the doom and gloom media take a minute to really read it. If they are talking national or international markets does that really reflect what is happening in Ottawa today. Average house prices can be very deceiving, remember the average Canadian is 52% female, 48% male. What happens is major markets like Toronto and Vancouver both positively/negatively affect the national statistics but have absolutely no impact on the Ottawa Market. I have read a lot about house sales being down and prices dropping but have yet to see the house prices in Ottawa dropping, in fact in most neighbourhoods/price brackets prices are still rising. Sales have slowed and this is impacting how and when a house sells and how buyers are approaching the market.
A good realtor can help you make a wise investment in today's market. They have access to the most up-to-date statistics and can break the market down to the most local of levels for you. So if you are selling a townhouse in Barrhaven or buying and Estate property in rural Kanata they can explain the pricing, advise you on what value is and help you make GOOD REAL ESTATE DECISIONS.
Don't believe everything you read - Real Estate is still one of the best investments you can make, interest rates are extremely low so your buying power is excellent and Ottawa is a fantastic place to live. If you need help with your personal real estate decisions feel free to contact us.
What do you need to do to prepare your house for sale? I’m often asked this question and it has become a more and more important questions in the past few years. Why? I believe because a lot of buyers are watching HGTV and seeing hearing what the experts are saying. This changes their perception and perception is reality. Buyers now view homes and if they aren’t in tip top shape with minor repairs completed, painting refreshed, carpets clean or replace and kitchens and bathrooms spotless they are discounting them.
So as a seller here are a couple of recommendations. Firstly, hire a staging company. They will charge you a fee but they are experts and they can quickly and efficiently review your home and make specific suggestions on what you should do. If you are going to hire a professional stager be prepared to implement the changes they suggest and expect to spend some money to do so.
If paying a stager is not in the budget or not something you want to do then do it yourself. Remember to be critical and look at your home as potential buyer. Stand on the street in front of your house with a pad of paper and pen. Look long and hard! What do you see? Is everything in good shape, look for flaking paint, damaged siding, loose shingles, sunken paving stones, make extensive notes. Do this throughout the house and then sit down with your notes and establish a game plan for repairs. Hire experts for the tough to do jobs or jobs you don’t have the skill to do yourself. Some of the hardest houses we have sold have been those prepared by the seller who didn’t have the skill to complete the work. It’s important to remember that your are selling an asset of great value. If you were going to sell a car you would wash it, vacuum the interior and wax the exterior. When selling your house the same is true. If it costs you several thousand dollars to prepare your house but it then sells for top dollar and quickly it has been worth the effort.
Don’t overspend. Buy quality but not top of the line. You want it to look good and durable but don’t go crazy. We recently sold a condo townhouse were the owners called and asked us what they should do. We recommended painting, hardwood floors (not laminate) and new carpets. They spent the money and sold the unit in 4 days for several thousand more than the most recent sale in the complex. There were 3 other similar units on the market that are still for sale and for substantially less. Buyers will pay extra money for a house that shows well and is in good repair.
If you are thinking of selling call your Realtor and ask them to visit your house and make suggestions. They are a neutral third party who should have extensive experience and knowledge. They will want to help you because it will make selling your home easier and it will help put more money in your pockets. If you don’t have a Realtor we would be happy to provide you with help. Good Luck and Happy Selling!
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Fairfield Heights, Ottawa - We invite everyone to visit our open house at 114-1025 Grenon Ave on February 1 from 2:00 PM to 4:00 PM.
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Ottawa Real Estate Market Report.
The year end statistics are out and the Ottawa Real Estate Market has shown mixed results that clearly indicates a changing market but certainly not the doom and gloom spread by the media. Statistically our average house price has risen by 6.3%, while the number of sales has declined by 5.7% and the number of listing has increased by 7.7% , when compared to the statistics of 2007. However, 2007 was the highest year on record for sales and had fewer listings than 2006 and 2005. This created a very positive market in 2007. 2008 has been a very good year. Sales fell back to just below, the then record, of 2006, listings increased and the average price showed a healthy increase. Did your RRSP grow by 6% in 2008?
So what does all this mean, if you are thinking of selling in 2009? The market has changed to become a more balanced market, leaning towards a buyers market. If you are planning on selling in 2009 you must take the time to prepare your house for sale, expose the house to as many potential buyers as possible and price it competitively. The days of limited marketing an overpriced house in poor condition and getting a sale are gone.
Realistically priced homes that are well presented and marketed to the widest number of buyers will still fetch a solid sale price. Sellers need to expect a longer marketing period, more aggressive offers from buyers and should spend more time/money preparing their home for sale. Buyers will have more options, longer time to make decisions and fewer bidding wars but will still have to pay fair market value and can expect to pay as much or more than in 2008.
Details on your local market can be obtained by calling David and Joyce Armstrong, Brokers with Century 21 John DeVries Ltd., Brokerage at 613-836-2570 or e-mail us at david.armstrong@century21.ca . If you are buying or selling call us first.
The chart below covers the overall Ottawa market and the 2 primary markets we work in but our exclusive Home Audit Evaluation will give you specific information about your home style and location.
Ottawa Real Estate Market 2007/2008 Comparison.
| | Listings | | | Unit Sales | | | Ave. Price | |
| 2007 | 2008 | % chg | 2007 | 2008 | % chg | 2007 | 2008 | % chg |
| | | | | | | | | |
Ottawa | 24,298 | 26,375 | +7.7 | 14,565 | 13,733 | -5.7 | $272,477 | $289,766 | +6.3 |
Barrhaven | 1,338 | 1,457 | +8.9 | 1008 | 949 | -5.9 | $274,926 | $292,229 | +6.3 |
Kanata | 1,533 | 1,655 | +7.8 | 1,187 | 1,127 | -5.1 | $273,931 | $289,275 | +5.6 |
• 1,300 sq. ft., 2 bath, 3 bdrm 2 story "2+1 Bedroom" - MLS® $169,900 - Priced to sell
Beaverbrook, Kanata - First time home Buyer? Investor? Look no further you've found it. Renovated unit with hardwood floors in living and dining room, new berber carpet through out, ceramic tile in foyer. 5 new appliances including a gas stove, new light fixture in dining room and freshly painted in main living area, Great location close to amenities. Enjoy the community pool in the summer. Call the Armstrong's now to view!
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• 1,635 sq. ft., 3 bath, 3 bdrm single story - $1,450 CAD Monthly - Great Price.
Briarbrook, Morgan's Grant - Newer, large, open concept 3 bedroom 2.5 bathroom executive townhouse. Ideal for professional couple/single. Located close to the Kanata High Tech Business Park. Single car gargage, central air conditioning, 6 appliances, finished lower level with bathroom. Forced Air natural gas heat. Available immediately, $1450/month plus utilities. Call Joyce Armstrong,Broker. Century 21 John DeVries Ltd., Brokerage 613-867-9922 or 613-836-2570.
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