Low Condo Inventory

After record breaking Ottawa area residential home sales in April and may the local inventory of homes for sale looks a lot like the shelves at LCBO's across Ontario two days ago. The sometimes forgotten or hidden gem in the housing industry are new homes which in some places still have a strong home inventory. If you know where to look or who to ask there are a lot of really good deals available for first time home buyers, real estate investors or people just looking for a change.

The most interesting for me right now is the Rivercourt lofts a Domicile homes project on the banks of the Rideau river. They are now very eager to sell the remaining units as construction completion is scheduled for this December. If you are looking for a rental this building is perfect for positive cash flow in a rental and with closing only six months away you can lock into very favourable mortgage rates making buying now not just a smart investment but something you don't want to miss out on. Ask me about the breakdown for the this positive cash flow project and I'll be glad to tell you about this one and a few others I have been looking at.

5 things you should know about Ottawa Condos

5 things you should know about Ottawa Condos

The Opus by Ashcroft is probably the most high end beautifully finished condo in the city. It has been standing since February of 2007. It is located in the heart of the city within walking distance to everything there are still a few Condos left in the building. Call the Ashcroft sales centre for details 613-236-3777.
Probably the most impressive structure that people live in, in Ottawa is the Mondrian by Urban Capital. Just like the Central and East Market this is a Brad J. Lamb project, you know Big City Broker the TV show. It is a 23 storey building with 245 modern condos atop of a 5 storey parking garage with retail on the ground level and a pristine pool area on the 6th floor. Last I checked there were still 5 condos left with some really gorgeous terrace units on the 6th level.
Last week a very special and fantastic investment opportunity launched to the public. It is called 2nd Avenue west by Domicile. It is in the Glebe on Bronson at 2nd avenue. Imagine having a rental property that you could always rent for top dollar. Well, 2nd avenue west is that place, but don’t wait too long because they are selling fast, 24 sold on the first night alone.
If you were every considering a rental property how would like one that is in a great up and coming neighbourhood offering two years with no condo fees. The condo development is called 101 Richmond it is located on Richmond rd at Island Park in Westboro. The promotion is for a limited time so act now before the opportunity passes you by.
If you are interested in a quality condo in a great location you should take a look at the continental by Charlesfort. They have made other quality developments like the Hudson, which is a classy downtown building with rooftop terrace and is a designed to be “green” building meaning it is better for the environment as it is more energy efficient.

2ND AVENUE WEST

If you ever wanted a condo in the Glebe the wait is over. No more driving to shopping, work or play. Just walk to the corner and it's all there. Comfort and lifestyle of owning a newly built property in an old established area. Here it is 2ND AVENUE WEST @ bronson by Domicile.

Great Neighbours Make Great Views

Great Neighbours make great views?

Location, location, location right? What is it about where you live that is so important? Well, it’s a few things. Proximity to amenities, distance to work, distance to play. Whether its dinner and dining, jazz and mint Juleps or afternoons walking under fossilized dinosaur bones…
Right next door to The Opus by Ashcroft one of the most high end condominium buildings in Ottawa a ten million dollar tower is being built atop a national historic building that is considered the third most important heritage building in Canada, right behind the library of parliament and the centre block. The tower that is being built has been coined the “Lantern” as it be made almost entirely from glass with the ability to be lit from within. It will symbolize what the original builder wanted the building to look like with a large tower at the front of the building anchored by turrets on either side. The lantern is said to be one of a kind in Canada for construction, style and design and is said to rival such pieces as the glass dome on the Reichstag in Germany and the glass pyramid of the Louvre in Paris. We won’t be able to see it in its full glory for a while as the grand opening is not schedules until May of 2010, but we will be able to see it from as far away as Parliament Hill and from as close as right next door at 320 McLeod. The view from the North and east side of the Opus by Ashcroft will be able to see the Lantern perfectly, what site it will be at night sitting on your balcony.